Jon MenonHSBC Holdings Plc Chairman Stephen Green kept to his schedule the night Europe fell into the worst banking crisis since the Great Depression. On Sunday, Sept. 28, as governments in London and Brussels were scrambling to find anyone willing...
A longer vacation during one festival would be good as in some other countries. We get only three-day vacations for the two Eids. But many people extend it for more than a week on each festival. The holiday mood continues...
A woman was set upon by the relatives of her husband who tried to kill her with a drill machine. This barbarous and savage act took place in Rampura. The wife, Tahmina Akhtar (25) has been admitted to Dhaka Medical...
SOME persons are less than courteous in receiving from or giving something to others. It also happens with the shopkeepers. At times some of the shopkeepers do not care to return the balance to a buyer in a decent way...
Air Commodore Muhammad Zakiul Islam ndu acsc (Retd) THE United States of America and India signed an agreement for cooperation in the field of nuclear technology during the visit President George W Bush in March 2006. This was a formalized...
Abu Sayed Md. Shaykhul Islam, FCMATODAY, the principal goal of Bangladesh is to reduce and finally alleviate poverty. The country now needs to gear up the pro-poor economic activities. Its agricultural growth along with rapid private investments can bring momentum...
WASHINGTON, Oct 7 (AP): The government is weighing a bold plan to buy massive amounts of unsecured short-term debts in a dramatic effort to break through a credit clog that is imperiling the economy.The Federal Reserve is working with the...
WASHINGTON, Oct 7 (AFP): World Bank president Robert Zoellick said yesterday that the current financial turmoil highlighted the need for a "new multilateralism" to replace outdated structures. Describing the financial turmoil of this year as a "wake-up call," Zoellick said...
LUXEMBOURG, Oct 7 (AFP): European finance ministers were set today to begin preparing their first joint measure to reassure savers unnerved by the financial crisis by ramping up minimum bank deposit guarantees. As panic swept through the European financial sector...
SEOUL, Oct 7 (Reuters): South Korea's president played down talk of a currency crisis similar to one that nearly broke the economy 10 years ago, seeking to assure investors even as the won slumped to a 7-1/2-year low on fears...
TOKYO, Oct 7 (AFP): Japan's central bank said today that it was holding its key interest rate steady at 0.5 per cent, as fresh turmoil erupted on global financial markets. The policy board made the decision unanimously at the end...
SYDNEY, Oct 7 (AFP): Australia's central bank slashed interest rates by one percentage point today amid fears of a global slowdown sparked by the US-based financial crisis. The Reserve Bank of Australia (RBA) reduced its official cash rate from 7.0...
SINGAPORE, Oct 7 (AFP): Crude oil prices rebounded to near 90 dollars a barrel in Asia today but dealers said the underlying trend is lower after deepening global financial turmoil and falling stocks further raised fears of slowing energy demand....
TOKYO, Oct 7 (AFP): The yen eased back while the euro rebounded in Asia today as global markets showed signs of stabilising, helped by a big cut in Australian interest rates, dealers said. The move sparked hopes that other central...
DUBAI, Oct 7 (PTI): Even before the formal inauguration of the world's tallest building 'Burj Dubai', the city is all set to break its own record by building a tower with a dizzying height of more than one kilometre. "We...
Our Correspondent FARIDPUR, Oct 7: Napiar grass has mitigated fodder crisis in Faridpur. As such, cattle rearing has turned economical for the farmers of the district.A few days back, fodder crisis was acute in Faridpur. But, Napiar grass has changed...
AHMEDABAD, India, Oct 7 (AFP): India's giant Tata Group has found a new home for its project to build the world's cheapest car after violent protests forced it to abandon its factory in West Bengal, reports said today. With numerous...
SEOUL, Oct 7 (AFP): South Korean prosecutors said today they have arrested a florist for pruning his rivals' business by clicking repeatedly on their online advertisements. The Seoul prosecutors' office said the man surnamed Jeong was charged with breaking laws...
FE ReportThe country's export earnings from the Readymade Garments (RMG) sector may well reach the $ 25 billion mark by the year 2013 if it remains competitive in the global market, Commerce Adviser Hossain Zillur Rahman said Tuesday.During the same...
FE ReportShahjalal Islami Bank Limited (SJIBL) is going to set-up a branch for offshore banking in Dhaka EPZ area very soon as the Bank obtained licence from the Bangladesh Bank recently. In this context, the bank signed an agreement with...
FE Report The inter-bank call money rate remained steady Tuesday although the central bank withdrew cash through bills and bonds. The US dollar was also stable against Bangladesh taka (BDT) in the inter-bank foreign exchange market because of short supply...
FE ReportIslami Bank Bangladesh Limited (IBBL) organised a day-long meeting on 'Business Promotion' at a city hotel Tuesday. IBBL Chairman Abu Nasser Muhammad Abduz Zaher was the chief guest.Addressing the programme, he urged the branch incumbents to explore new investment...
SA Farooqui has been appointed Managing Director of Standard Bank Ltd recently. Farooqui joined SBL as EVP since the inception of the bank in 1999 and played a pioneering role in the establishment of the bank and subsequently promoted to...
A 3-day Bangladesh single country trade fair will be held on 19-21 November, 2008, at Rolla Square, Dubai, United Arab Emirates (UAE), says a press release All sorts of products and services will be exhibited in the fair to showcase...
Crystal Insurance Company Limited is planning to float IPO (initial public offering).The Board of Directors of the company discussed the issue in a meeting recently and instructed the Managing Director to complete all the procedures relating to it, said a...
FE Report The world's central bankers and finance ministers gather in Washington October 10-13 to discuss a global response to the credit crunch amid the worst financial crisis to hit advanced economies since the 1930s.Sandbagged by three successive shocks-high commodity...
FE ReportCountry's knitwear sector will get easy access to improved Korean apparel technology and machineries following signing of a Memorandum of Understanding (MOU) between the Korea Federation of Textile Industries (KOFOTI) and Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) on...
The cabin crews of British Airways (BA) celebrated the 50th anniversary of the world's first commercial jet flight across the Atlantic wearing the original British Overseas Airways Corporation (BOAC) uniforms flanked by crew in the current uniform designed by Julien...
In the caption of a photo, published Tuesday in the FE on its page 16, the name of ACI Formulations Limited was erroneously printed as ACI Foundations. The inadvertent mistake is regretted.
Response to DSE queries Miracle Industries: In response to a DSE query, the authorities of Miracle Industries have stated that there is no undisclosed price sensitive information of the company for the recent unusual price hike of its shares.Eastern Insurance:...
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