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2008-09-28 00:00:00

Iranians mock Holocaust on annual Jerusalem Day TEHRAN, Sept 27: Iranians chanted "Death to Israel" Friday as Islamist students unveiled a book mocking the Holocaust in an Al-Quds (Jerusalem) Day annual parade to show solidarity with the Palestinians. And in...

China tries to reassure public over milk scare

2008-09-28 00:00:00

BEIJING, Sept 27 (AFP): China Saturday scrambled to reassure the public over a toxic milk scandal, announcing that nearly 50 Chinese brands which had been tested contained no melamine. The government said it had tested 47 brands of milk and...

China can best help world by growing fast: Wen

2008-09-28 00:00:00

TIANJIN, Sept 27 (Reuters): Premier Wen Jiabao expressed confidence Saturday that China could maintain fast growth and said this was the greatest contribution it could make to help the world weather the current financial crisis.Markets are uneasy that the economy...

US growth down on softer spending

2008-09-28 00:00:00

WASHINGTON, Sept 27 (Reuters): The US economy grew less strongly than previously thought during the second quarter as consumers boosted spending less vigorously and businesses trimmed some investments, a sign confidence was sagging even before financial market turmoil deepened.The commerce...

UK seeks India role in G20 in handling economic crisis

2008-09-28 00:00:00

NEW YORK, Sept 27 (PTI): In a bid to rope in countries such as India to join hands in tackling the financial meltdown in the US, British Premier Gordon Brown has said it cannot be left to the elite Group...

Japan's core inflation up sharply in August

2008-09-28 00:00:00

TOKYO, Sept 27 (Internet): Japan's core inflation rose sharply in August, climbing for the 11th straight month on higher prices for fuel and food, the government said Friday.The core consumer price index, which excludes fresh food prices but includes those...

WB collects $6.1b in pledges for climate funds

2008-09-28 00:00:00

WASHINGTON, Sept 27 (Internet): The World Bank said Friday that 10 nations had pledged more than 6.1 billion dollars to its new investment funds aimed at helping developing countries fight global warming.The Climate Investment Funds, launched on July 1, are...

Bush seeks to suspend Bolivia trade benefits

2008-09-28 00:00:00

WASHINGTON, Sept 27 (Internet): US President George W Bush wants to suspend Bolivia's trade preferences under a US-Andean trade pact rewarding countries that help battle illegal drugs, the White House said Friday.Bush's press office released an official memorandum to the...

Oil prices swing lower

2008-09-28 00:00:00

LONDON, Sept 27 (AFP): Oil prices fell Friday, reversing the previous day's gains after hopes were dashed that the US Congress was about to pass a massive financial bailout package, dealers said. New York's main contract, light sweet crude for...

Muhury aquaculture project uncertain over border dispute

2008-09-28 00:00:00

Our CorrespondentCHITTAGONG, Sept 27: The implementation of billions of taka worth fisheries cultivation plan of the Muhury Project has become uncertain over the complications arisen from border-demarcation issue.The project on five thousand acres of land situated at the middle of...

HSBC to cut 1,100 jobs worldwide

2008-09-28 00:00:00

HONG KONG, Sept 27 (AFP): Banking giant HSBC is to cut 1,100 jobs worldwide because of the volatile global financial environment, a spokesman said today. The cuts will be made in the global banking and market division, with around half...

Price talks won't hurt iron ore exports to China: Brazil's Vale

2008-09-28 00:00:00

RIO DE JANEIRO, Sept 27 (AFP): Brazilian mining and metals giant Vale said yesterday its price talks with China will not affect iron ore exports to that nation, after the company unexpectedly decided to renegotiate its contracts with Asian clients....

China tries to reassure public over milk scare

2008-09-28 00:00:00

BEIJING, Sept 27 (AFP): China today scrambled to reassure the public after a toxic milk scandal, announcing that nearly 50 Chinese brands which had been tested contained no melamine. The government said it had tested 47 brands of milk and...

Apple sells unlocked iPhones in Hong Kong

2008-09-28 00:00:00

HONG KONG, Sept 27 (AFP): Apple has started selling unlocked models of its popular iPhone 3G in Hong Kong which allow users the freedom to select the telecoms provider of their choice. The eight gigabyte version was on sale today...

Aluminum foil, plastic, milk and dairy, ready food cos dominate

2008-09-28 00:00:00

FE ReportCompanies under aluminum foil, plastic products, milk and dairy products and ready food products bagged the top positions in the list of demand forecast made in a pre-feasibility study on the proposed Sylhet Economic Zone (SEZ).The list was made...

EBL, 4 other banks to provide Tk 2.60b loan to Salek Textile

2008-09-28 00:00:00

FE ReportA 'pari passu security sharing' agreement was signed between Salek Textile Ltd and Eastern Bank Limited, HSBC, Dhaka Bank Limited, Citibank NA and Trust Bank Limited for a total amount of Tk 2.60 billion.The amount consists of term loan...

Ctg BGMEA, police team up to prevent unpleasant incidents

2008-09-28 00:00:00

Our CorrespondentCHITTAGONG, Sept 27: Leaders of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and local police administration have taken precautionary steps to prevent unpleasant incidents centring round payment of Eid-bonus and full salary of the current month before holy Eid-ul-Fitr...

Pond's premium range products launched at Agora

2008-09-28 00:00:00

FE ReportThe launching ceremony of Pond's premium range took place at Agora's Gulshan outlet in the city Friday. Unilever Bangladesh Ltd Chairman and Managing Director Rakesh Mohan, Customer Development Director Mizanur Rashid and Rahimafrooz Superstores Ltd Managing Director Niaz Rahim...

Greenback soft against BDT

2008-09-28 00:00:00

Sarwar Zahan US dollar appeared soft against Bangladesh taka (BDT) in the inter-bank foreign exchange market last week despite sharp rise in demand for the greenback, fund managers said. Higher inward remittance and export earnings helped maintain adequate supply of...

Most Asian stocks low, S'pore at two-year low

2008-09-28 00:00:00

SINGAPORE, Sept 27: Most Southeast Asian stock markets fell Friday as investors fretted over a stalemate on the US government's planned US$700 billion bailout for the financial industry, pushing down property plays in Singapore.Washington's failure to agree to a bailout...

Short selling probe expanded

2008-09-28 00:00:00

ALBANY, NY, Sept 27 (AP): New York Attorney General Andrew Cuomo is broadening his investigation of short selling on Wall Street, according to a senior official in his office.Cuomo is turning to the massive credit-default swap market, which he believes...

US SEC ends programme to oversee investment banks

2008-09-28 00:00:00

WASHINGTON, Sept 27 (Reuters): The US Securities and Exchange Commission (SEC) is ending its programme to supervise large independent investment banks now that the five participants have collapsed or reorganised.The announcement Friday coincided with criticism by the SEC's inspector general...

JPMorgan sells $10b shares, faces Q3 loss

2008-09-28 00:00:00

NEW YORK/SEATTLE, Sept 27 (Reuters): JPMorgan Chase & Company capped off its purchase of Washington Mutual Inc Friday by selling US$10 billion of stock, more than it expected, while analysts warned the company faces a third-quarter loss.The $1.9 billion acquisition...

Bradford & Bingley may be ‘nationalised’

2008-09-28 00:00:00

LONDON, Sept 27 (AFP): British mortgage lender Bradford & Bingley, which has been hit by a housing downturn and weakness in the wider economy, may be nationalised, according to newspaper reports.The Daily Telegraph and Daily Mail both reported on Saturday,...

BASIC Bank holds training on fraud, forgery prevention

2008-09-28 00:00:00

FE ReportThe training cell of BASIC Bank Limited organised a two-day training course on 'Prevention of Fraud/Forgeries in Bank' in the city recently. BASIC Bank General Manager Md Abdul Jabber distributed certificates among the participants at the closing day of...

Mindshare rebrands corporate identity

2008-09-28 00:00:00

Mindshare, a global marketing and media network, has unveiled comprehensive worldwide rebrand of its corporate identity, said a press release.The redesign, developed in partnership with branding agency Moving Brands, coincides with the WPP agency's ongoing global restructure announced earlier this...

Google reinvents browsing with Chrome

2008-09-28 00:00:00

Md. Saquib HussainGoogle's new browser has appeared a few weeks ago. Like any other Google product it created quite a buzz. This striking new browers, Google Chrome, promted millions of blog posts, reviews, and coverage on the worled Wide Web....

Practice good online password security

2008-09-28 00:00:00

Rob GriffithsAs you may have read by now, someone recently broke into a Yahoo e-mail account belonging to Republican Vice Presidential candidate Sarah Palin, and posted pictures and several of the messages found there online. Could the same thing happen...

Oracle leadership in database auditing and monitoring

2008-09-28 00:00:00

FE reportTo help organisations secure all their enterprise databases and address regulatory requirements, Oracle has released the Oracle® Audit Vault 10.2.3.Oracle Audit Vault now collects audit data from Microsoft SQL Server 2000 and 2005, in addition to Oracle Databases, addressing...

Peekaboo! Facebook fills photo security hole

2008-09-28 00:00:00

Facebook has filled a hole that allowed strangers to view members' photos through the mobile version of the site, it was reported CNET News as a spokesman said after being alerted to the problem recently."Today, we learned that certain photos...