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Samak accepts Thai PM nomination

2008-09-12 00:00:00

Thailand's Samak Sundaravej has accepted his party's nomination as prime minister - two days after he was forced to quit the post. The People's Power Party said there was nothing in the constitution to stop them from choosing him again,...

N Korea 'builds new missile site'

2008-09-12 00:00:00

North Korea is close to completing a second launch site for long-range missiles, BBC reports. The existence of site, said to be 30 miles (50km) from the Chinese border, was made public by an independent analyst using satellite imagery. Reports...

Oil prices up in Asia on hurricane fears

2008-09-12 00:00:00

SINGAPORE, Sept 11 (AFP): World oil prices rose in Asian trade today as Hurricane Ike headed towards key energy facilities on the southern US coast, dealers said. New York's main contract, light sweet crude for October delivery, gained 70 cents...

Delays drive up Arcelor-Mittal's India project costs

2008-09-12 00:00:00

NEW DELHI, Sept 11 (AFP): Steel giant Arcelor Mittal said yesterday delays in obtaining approvals for its two Indian plants had pushed up costs by 50 per cent but the company was still committed to investing in the country. Arcelor...

Euro falls to fresh one-year low on recession fears

2008-09-12 00:00:00

TOKYO, Sept 11 (AFP): The euro fell to a fresh one-year low against the dollar in Asian trade today on renewed fears over the health of the European economy, dealers said. The euro slid to 1.3933 dollars in early Tokyo...

OPEC moves to keep oil price above $100

2008-09-12 00:00:00

VIENNA, Sept 11 (AFP): With oil prices falling below 100 dollars per barrel this week, oil producer group OPEC decided to cut production to prevent a further drop, despite an economic crisis in consumer countries. "It looks like they are...

Uzbekistan may double gas prices for Kyrgyzstan

2008-09-12 00:00:00

BISHKEK, Sept 11 (AFP): Kyrgyzstan may have to pay more than twice as much as the current price for gas imported from neighbor Uzbekistan, Kyrgyz Prime Minister Igor Chudinov told reporters today. "So far the contract with Uzbekistan has not...

EU sees lower Eurozone 2008 growth, higher inflation

2008-09-12 00:00:00

BRUSSELS, Sept 11 (Reuters): Eurozone economic growth will halve in 2008 from 2007 and inflation will be much higher because of financial turmoil, soaring commodity prices and housing market shocks, the European Commission said Wednesday.Updating its economic forecasts, the European...

China needs to take action to boost housing market

2008-09-12 00:00:00

BEIJING, Sept 11 (Xinhua): China's present depression of housing market has aroused great concern in the public, and people are debating about whether the government shall take action to bolster the market. Under the present cycle of economic slowdown, the...

Joblessness in Australia falls unexpectedly

2008-09-12 00:00:00

SYDNEY, Sept 11 (AFP): Australian unemployment fell unexpectedly in August to 4.1 per cent, its lowest level in five months, despite a slowing economy and rising prices, official figures showed today. Economists had widely expected the country's jobless rate would...

China enterprises face worsening living conditions

2008-09-12 00:00:00

BEIJING, Sept 11 (Xinhua): China's enterprises face worsening living conditions as production costs keep on rising while downstream prices fall. Latest official statistics show that the lopsided gap between PPI ( producer price index), which reflects production costs, and CPI...

US-China trade talks set for next week

2008-09-12 00:00:00

WASHINGTON, Sept 11 (Internet): The United States and China hold high-level trade talks in California next week amid tensions over the Asian power's massive export surplus and concerns about a slowing global economy.The meeting Tuesday will mark the 25th anniversary...

Fed Reserve auctions another $25b in loans to banks

2008-09-12 00:00:00

WASHINGTON, Sept 11 (AP): The Federal Reserve has auctioned another $25 billion in loans to squeezed banks to help them overcome credit problems.The central bank Wednesday released the results of its most recent auction. It's part of an ongoing programme...

Executives at state-run China firms risk bans for losses

2008-09-12 00:00:00

BEIJING, Sept 11 (AFP): Senior executives of major Chinese state enterprises may face permanent bans from management jobs if found responsible for severe losses during their tenure, state media reported. This is part of new rules from the assets supervision...

Election-monitoring bodies must be accredited to EC

2008-09-12 00:00:00

The election-monitoring organisations must get registered with the Election Commission (EC) for accreditation to observe the upcoming elections, EC secretary M Humayun Kabir said Thursday, as they prepared for calling the next polls, reports UNB."The EC has formulated a draft...

Upazila polls to be held soon: Anwarul Iqbal

2008-09-12 00:00:00

Local Government and Rural Development Advisor M Anwarul Iqbal Thursday reaffirmed government position that upazila election would be held shortly, although major political parties are over-eager for national polls first, reports UNB."Upazila elections, we hope, will be held soon under...

ACC to sue Justice Fazlul's son, son-in-law, employee for graft

2008-09-12 00:00:00

The Anti-corruption Commission (ACC) has decided to file two graft cases against former Law Adviser Justice Fazlul Haque's son and one each against his son-in-law and an employee of a foundation under the name of the ex-adviser of the previous...

Jalil demands polls, Hasina's freedom first

2008-09-12 00:00:00

Abdul Jalil Thursday officially resumed work as Awami League (AL) general secretary and demanded that authorities unconditionally release party chief Sheikh Hasina first and hold general elections before Upazila polls, reports bdnews24.com.He aired the demands after offering flowers at independence...

Delwar takes chair in office for first time

2008-09-12 00:00:00

Khondoker Delwar Hossain sat in the chair of secretary general at the BNP headquarters Thursday for the first time since he was appointed to the post more than a year back, reports bdnews24.com.Before party chief Khaleda Zia's release Thursday morning,...

15 injured as BNP men clash in Ctg

2008-09-12 00:00:00

CHITTAGONG, Sept 11 (UNB): Some 15 BNP activists were injured in a clash between reformist and conformist groups in front of city BNP office at Nasimon Bhaban today (Thursday).Witnesses said the clash started at about 3.00 pm when reformists assaulted...

Nizami welcomes Khaleda's release

2008-09-12 00:00:00

Jamaat-e-Islami Ameer Maulana Motiur Rahman Nizami has hailed the release of BNP chairperson and former Prime Minister Khaleda Zia, reports UNB.The nation heaved a sigh of relief at her release. We hope that the countrymen, led by four-party alliance, would...

Two outlaws killed in gunbattle with police in Kushtia

2008-09-12 00:00:00

KUSHTIA, Sept 11 (UNB): An outlawed leader and his associate were killed in a gun battle with police at Majia village in Sadar Upazila early Thursday. The dead were identified as Mantu Member, regional commander of JSD Gono Bahini, and...

Under-five child mortality reduces by over 50pc

2008-09-12 00:00:00

The under-five child mortality rate in Bangladesh has been reduced by over 50 per cent since 1990, according to new figures released by United Nations International Children Emergency Fund (UNICEF) in the city Thursday, reports BSS."A number of countries have...

Potatoes worth Tk 3.0m damaged in Gaibandha cold storage

2008-09-12 00:00:00

GAIBANDHA, Sept 11 (UNB): More than 2,000 sacks of potatoes worth Tk 3.0 million (30 lakh) had decayed and some had germinated in a cold storage at Dhaperhat in Sadullahpur Upazila due to frequent load shedding and negligence of the...

Floodplain fish farming gains popularity in Rajshahi

2008-09-12 00:00:00

RAJSHAHI, Sept 11 (BSS): Floodplain fish farming has been gaining popularity in different areas of the district for the last couple of years as the system has enormous prospect of enhancing fish productivity.Fish farmers have been utilising the existing potentialities...

NGO employee killed in Jessore

2008-09-12 00:00:00

Our Correspondent JESSORE, Sept 11: A non-government organisation (NGO) employee was killed by a loan borrower at Mollikpur under Jhikargachha Upazila in the district Wednesday night. The deceased was identified as Abdul Kuddus (35) field worker of the Jagoroni Chakkra...

Death anniversary of Nazma Jasmine Chy today

2008-09-12 00:00:00

FE ReportThe 19th death anniversary of eminent educationist, writer, playwright, organiser, founder of Dhaka Little Theatre and teacher of the Institute of Modern Languages of Dhaka University Prof Nazma Jasmine Chowdhury will be observed today (Friday).Family of the deceased has...

BCB Academy 441 all out in 1st innings against Sri Lanka

2008-09-12 00:00:00

Visiting GP-BCB National Cricket Academy team piled up 441 runs all out in 122.3 overs against Sri Lanka Development XI on the 2nd day of the 1st four-day match at Dambulla in Sri Lanka Thursday, reports UNB.Shamsur Rahman scored 125...

Chanderpaul gets top cricket honour

2008-09-12 00:00:00

DUBAI, Sept 11 (AP): West Indies batsman Shivnarine Chanderpaul and South Africa paceman Dale Steyn received the top honours at the International Cricket Council awards Wednesday.Chanderpaul received the Sir Garfield Sobers Trophy for Cricketer of the Year, and Steyn became...

USA, Mexico, Costa Rica continue march toward SA football WC 2010

2008-09-12 00:00:00

CHICAGO, Sept 11 (AFP): The United States, Mexico and Costa Rica remained unbeaten in the semi-final phase of regional World Cup qualifying Wednesday, continuing their march toward South Africa 2010.The United States stretched their lead atop Group 1 with a...