NO matter what the police have come up with so far, there has been no let up in the mugging incidents in the megalopolis that is Dhaka. Many police drives, the numerous check-posts in the city, assistant commissioners leading special...
AMONG many developments and events relating to the upcoming US election and the turmoil in the global financial markets, the news about thousands of infants across China falling sick following the in-take of toxic milk powder or their being fed...
Nasdaq market, reports ReutersTHERE'S something about hundreds of billions of dollars vanishing overnight that begs a comparison to the 1929 market crash and the Great Depression. Almost-but not yet. The United States has seen the destruction of some of its...
Reuters HAVE the Masters of the Universe lost their super powers? When novelist Tom Wolfe used the term to describe Wall Streeters with too much money and not enough humility, he was borrowing the name of a line of action...
ReutersTHE United States has surged into action to launch an all-out attack against the worst financial crisis since the Great Depression, readying a plan to tap hundreds of billions of dollars in taxpayer funds to buy up toxic mortgage-related debt....
SINGAPORE, Sept 21 (AFP): Massive investments are needed to protect millions of poor people living in Asia-Pacific coastal areas who are vulnerable to increasingly deadly natural disasters, global charity World Vision said. The investments could run into "tens of billions...
FE ReportPrime Islami Life Insurance Ltd (PILIL) held annual development conference of individual life and other micro insurance divisions and projects recently in Cox's Bazar. PILIL Managing Director Kazi Md Mortuza Ali presided over the conference. Company's Shariah Council Member...
BERLIN, Sept 21 (Xinhua): German Chancellor Angela Merkel accused yesterday the United States and Britain of blocking her government's previous efforts to tighten the controls of financial markets. According to German radio Deutsche Welle, Merkel made the remarks when speaking...
BERLIN, Sept 21 (Internet): The German government Saturday downplayed as only "speculation" a report in a German weekly that Europe's biggest economy would slash its 2009 growth forecast to 0.5 per cent from the previous 1.2 per cent estimate."There is...
NEW DELHI, Sept 21 (PTI): After clinching a deal for free trade agreements (FTAs) with Association of Southeast Asian Nations (ASEAN), India will move fast to complete negotiations in the next few months for pacts with Japan and South Korea...
LOS ANGELES, Sept 21 (Xinhua): In another sign of a slowing economy, the unemployment rate in Silicon Valley inched upward for a fourth consecutive month in August to reach a four-year high, newly released data showed. Unemployment in Silicon Valley...
WASHINGTON, Sept 21 (AP): President Bush and Colombian President Alvaro Uribe renewed their push Saturday for Congress to approve a free-trade deal before lawmakers leave town to campaign for re-election."It's in our economic interest that we continue to open up...
SYDNEY, Sept 21 (AFP): Asia's wheat stockpiles are set to grow this year as major exporter Australia, along with China and India, forecast larger crops, raising the prospect of lower prices for the golden grain, analysts say. Official figures released...
A Correspondent MADARIPUR, Sept 21: The brisk business of snails is going on in greater Faridpur region.Mostly low-income people are engaged in catching of snails in Madaripur, Faridpur, Rajbari, Gopalgonj and Shariatpur districts to earn their livelihood. Snails breed naturally...
MOSCOW, Sept 21 (AFP): Russia plans to slash food imports by half in up to three years, Russia's Agriculture Minister Alexei Gordeyev said yesterday the RIA Novosti news agency reported. "We face the task of bringing food imports down to...
NEW DELHI, Sep 21 (PTI): Prime Minister Manmohan Singh yesterday cautioned that India is vulnerable to uncertain global prices and supply in the face of growing import dependence and said energy pricing and acquisition of overseas assets would be key...
WASHINGTON, Sept 21 (PTI): With the business community in the US lobbying hard for a legislative nod for the Indo-U.S. nuclear deal, the Bush administration is also working overtime to convince lawmakers of the economic benefits that will accrue for...
FE Report Bangladesh Sunday imposed a ban on the sale of three Chinese baby food brands, which are being sold in the domestic markets and have been reported to contain harmful 'melamine', a top government official said.Secretary of the commerce...
FE ReportPubali Bank Limited will extend a term loan of Tk 100 million to Industrial and Infrastructure Development Finance Company Limited (IIDFCL). An agreement in this connection was signed between Pubali Bank IIDFCL at the bank's head office in the...
FE ReportThe trading of First Security Bank Limited begins today (Monday) on both Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE).The DSE board in a meeting Sunday approved the debut trading date of the bank, a DSE source said.This...
FE ReportThe government borrowed Tk 5.00 billion (500 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 5.00 billion from the market in the week.The central bank conducted auctions of 91-day and 364-day bills on...
Rangs Electronics Limited (REL), popularly known as Sony-Rangs, launched the Digital Handycam Campaign -- '08, a new sales campaign for SONY Handycam at Rifles Square in the city Sunday, says a press release. Senior Executive of Sony Singapore Marketing Company...
A photo caption titled "Fire-fighters rushed to extinguish a fire, caused by electric short circuit, at the third floor of DSE annex building Saturday" published in Sunday's FE on page 8, has attracted the attention of the Dhaka Stock Exchange.The...
Shakhawat Hossain The caretaker government is selling electricity to the consumers at a rate 28 per cent lower than its cost for purchasing from independent power producers (IPPs), officials of finance and power ministries said Saturday.It has been forced to...
FE Report The inter-bank call money rate remained mostly steady Sunday despite withdrawal of cash through treasury bills, as the central bank injected fresh fund into the market. The US dollar was also stable against Bangladesh taka (BDT) in the...
DUBAI, Sept 21: Emirates Airline is providing a special Iftar service to its Muslim passengers during the month of Ramadan, to help travellers break their fast during their journey.Onboard Emirates flights, customers travelling to destinations in the Middle East, Gulf...
FE Report Walton, a sister concern of RB Group, recently opened its exclusive showroom 'Rupali Motors and Electronics' at Tanvir Market, Dharkora Bazar, Chewra, Chouddagram in Comilla. Walton Director and renowned film actor Ilias Kanchan inaugurated the showroom as the...
BDCOM recommends 10pc stock dividend BDCOM Online Limited has recommended 10 per cent stock dividend for its shareholders for the year that ended on June 30, 2008. The 12th annual general meeting (AGM) of the company will be held on...
ISLAMABAD, Sept 21 (AFP): Rescue teams Sunday continued the hunt for survivors in the ruins of Islamabad's Marriott Hotel, where a massive truck bomb killed at least 60 people including the Czech ambassador to Pakistan.The Czech foreign ministry confirmed that...
TEHRAN, Sept 21 (Reuters): Iran will stop any attacker before he can "pull the trigger" and sanctions intended to isolate the Islamic Republic have not worked, President Mahmoud Ahmadinejad told a military parade Sunday.The United States and its allies are...
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