Enayet Rasul The savers include pensioners, housewives, small job holders, operators of small businesses and others who cannot be considered as rich people. They may have an existence above the poverty level but they cannot be counted as affluent ones...
Stephan M HaefeleIn the 1870s, scientists exploring Amazonia in South America made an unusual discovery. Working independently, James Orton, Charles Hartt, and Herbert Smith described patches of black or dark brown soils, varying in size from 5 to more than...
Sharifa Sultana Dhaka University's first year students Raju, Pavel and Sujon are close friends. One afternoon, the three friends were having a good time at TSC. Bangladesh, its people and culture were the topics of their discussion. Listening to their...
Syed Fattahul AlimEnergy is what keeps living as well as the non-living world moving. Here the focus, however, will be on the energy need of the world of the living, and more particularly, of the humans and their societies. The...
Shanta Sultana Sharmin Akhter Kona was only 14 when she eloped with her boyfriend. Kona's family did not approve the marriage saying it was illegal as she was underage. Her father even filed an abduction case against her boyfriend, but...
Tim McLaughlinOn the same December day Merrill Lynch & Co. Inc. paid $1.3 billion for a subprime lender, the world's largest brokerage got a rude introduction to risky mortgages.Merrill Lynch's newly minted First Franklin Financial Corp suffered a loss of...
Akira NagaeAutumn of 2006 saw many of the large bookshops in Japan providing corners to display the works of Haruki Murakami. But this was no bargain sale. These corners were set up because expectations were riding high that Murakami would...
Tim McLaughlinOn the same December day Merrill Lynch & Co. Inc. paid $1.3 billion for a subprime lender, the world's largest brokerage got a rude introduction to risky mortgages.Merrill Lynch's newly minted First Franklin Financial Corp suffered a loss of...
FE ReportThe shortage in supply made rice and edible oil dearer. Vegetable prices declined while the prices of other essential commodities remained unchanged in the city markets over the past week.Traders said the prices of rice have recently gone up...
FE ReportMutual Trust Bank (MTBL) organised an anti money-laundering seminar at the bank's principal branch recently. MTBL Managing Director Kazi Md Shafiqur Rahman inaugurated the seminar. Swapan Kumar Biswas, DGM of Anti Money-laundering Department of Bangladesh Bank, was the main...
Commercial Bank of CeylonAugust 12 - August 16, 2007The third week of August saw some real volatility in the USD/BDT market, as most of the banks were paying their import obligations in the first three days. From the fourth day,...
Call rate remains steadySarwar ZahanThe inter-bank call money rate remained steady last week despite withdrawal of cash through reverse repurchase agreement (repo), treasury bills and Bangladesh Bank (BB) bills, fund managers said.The market experienced a higher demand for cash that...
PISCO, Peru, Aug 17 (AP): Rescuers searched intensely through the night into morning Friday, combing rubble for any survivors after a powerful earthquake devastated cities and sent a church's soaring ceiling tumbling down on hundreds of worshippers in southern Peru....
SEOUL, Aug 17 (AFP): Two female aid workers freed by Afghanistan's Taliban returned home Friday to South Korea, after learning for the first time that two fellow captives were killed during the nearly month-long ordeal. Kim Gi-Na and Kim Kyung-Ja...
WASHINGTON, Aug 17 (AFP): Anti-war Democrats Thursday accused President George W. Bush of plotting to lace a potentially pivotal report on his Iraq troop surge strategy with "White House spin." The attack came as senior congressional aides were reported as...
CHEBARKUL, Russia, Aug 17 (AFP): The presidents of Russia, China and four other Central Asian states attended unprecedented joint military exercises Friday, intended as a display of strength before the Western world. The vast show of firepower at a training...
SHENYANG, China, Aug 17 (AFP): Six-nation talks on North Korea's nuclear programme entered a second day here Friday, marking what the US envoy called a "tough" new phase in efforts to get the reclusive state to disarm. The working-level meetings...
PARIS, Aug 17 (AFP): A novel vaccine against the H5N1 bird flu could mean that far more people will be protected against the deadly disease in case of a worldwide pandemic, a study released Friday showed. In clinical trials, the...
ISLAMABAD, Aug 17 (Reuters): Pakistan's exiled former prime minister Nawaz Sharif has warned another former prime minister, Benazir Bhutto, against cutting a deal with embattled President Pervez Musharraf, saying it would dent her credibility. Musharraf, who is facing a deepening...
CRAWFORD, Texas, Aug 17 (AFP): US President George W. Bush's daughter Jenna, 25, is engaged to be married to long-time boyfriend Henry Hager, US First Lady Laura Bush's spokeswoman announced Thursday. The two got engaged in Maine, and no wedding...
SINGAPORE, Aug 17 (AFP): Singapore on Friday awarded its top military honour to the leader of Thailand's military junta, who seized power in a coup last year. General Sonthi Boonyaratglin, the commander in chief of the Thai army, received the...
STOCKHOLM, Aug 17 (AFP): The 2007 Nobel prizes will be announced between October 8 and 15, the Nobel Foundation said Friday, with former US vice president Al Gore, a Canadian Inuit and Bolivia's president in the running for the peace...
HONG KONG, Aug 17 (Xinhua): A nine-year-old child prodigy recently applying to study mathematics at universities in Hong Kong has obviously been a challenge.The Baptist University of Hong Kong said Thursday it had received part of March Boedihardjo's British A-level...
FE ReportLight to moderate rain across the country for the last couple of days compounded the miseries of the people in the flood-hit areas.Those were hoping to return to their homes soon following improvement in flood situation might have to...
M Azizur RahmanThe real estate business in the country is passing a dreary time due to tightening of the government's grip on policy measures coupled with price hike of construction materials in the local market.Sources said sale of both apartments...
Raihan M ChowdhuryThe recent Bangladesh Bank directive to maintain 1.0 per cent provisioning against off-balance sheet financings will have a negative impact on the country's listed banks at the time of disbursing dividends to the investors. Banking sector issues are...
Awami League (AL) chief Sheikh Hasina Friday expressed her wishes to talk by telephone with her expatriate son, daughter and sister at least once a week, reports bdnews24.com. She also wants to use a computer in the special jail, her...
FE ReportThe Bangladesh Bank (BB) has convened a special discussion meeting on inflation tomorrow (Sunday) as a part of its move to conduct more rigorous analysis on the current inflationary trend, according to BB officials.They say economists, researchers, finance officials,...
NEW YORK, Aug 17 (Agencies) : Stocks rose on Friday after the Federal Reserve unexpectedly cut the discount rate in a move to keep credit flowing, but market euphoria faded as investors questioned whether the Fed's action would be enough....
Raphael Minder from Hong Kong, Mariko Sanchanta from Tokyo and John Burton from Singapore, FT Syndication Service Politicians and central bankers across the Asia-Pacific region were out in force last Thursday seeking to reassure investors that a currency realignment and...
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