WELLINGTON, Oct 6 (AFP): The New Zealand government today slashed its economic growth forecast to nearly zero and said its accounts would fall deep into the red amid the country's first recession in a decade and global financial turmoil. The...
SEOUL, Oct 6 (AFP): South Korean President Lee Myung-Bak today proposed holding a summit with his Chinese and Japanese counterparts to discuss ways to calm the global financial turmoil, his ruling party said. Lee will make the formal offer when...
FRANKFURT, Oct 6 (AFP): The European Central Bank (ECB) renewed today overnight loans of 50 billion dollars (37 billion euros), in what has become a daily effort to keep cash pumping through tight interbank money markets. The results of the...
SHANGHAI, Oct 6 (AFP): China's retail sales were up 21 per cent year-on-year during the week-long national holiday, the commerce ministry said today. Retail sales last week between September 29 and October 5 rose to 420 billion yuan (61.3 billion...
LONDON, Oct 6 (Bloomberg): The euro had its biggest one-day drop against the yen in nine years as the deepening credit crisis prompted European governments to pledge bailouts for troubled banks while stopping short of coordinated action. The 15-nation currency...
Our CorrespondentCHITTAGONG, Oct 06: Counterfeit electronic and cosmetic items of different categories have flooded Reazuddin Bazar and its surrounding areas of the city and the buyers are being deceived on procuring them seeing brand names, sources said.A small syndicate in...
NEW DELHI (PTI): Country's soyameal exports surged by 38.64 per cent to 4.89 million (48.87 lakh) tonnes during the oil year 2007-08, according to the Soyabean Processor Association of India. Overseas sale of soyameal in the last year same period...
NEW YORK, Oct 3 (Bloomberg): Gold will continue to outperform silver, platinum and palladium on demand for a haven amid credit-market turmoil, analysts said. The CHART OF THE DAY shows gold is up 0.8 per cent this year as of...
TOKYO, Oct 6 (AFP): The yen struck a near five-month high against the dollar and surged against a range of currencies as investors rushed to exit risky positions amid fresh turmoil on global markets. The euro hit a 13-month low...
KAMPALA, Oct 6 (Bloomberg): Tea production in Tanzania, Africa's fourth-largest grower of the leaf, may rise 33 per cent by 2011-12 as cultivation expands into new areas and as farmers replant unused acreage, the director of the Tanzania Tea Board...
FE ReportThe country's largest drug manufacturer Square Pharmaceuticals Ltd. has posted 10.13 percent growth in its annual export during the year that ended on March 31, 2008. The company's export sales, which amounted to Tk.192.95 million in the previous year,...
FE ReportThe eighth annual general meeting (AGM) of ICB Capital Management Ltd (ICB CML), a subsidiary of Investment Corporation of Bangladesh (ICB), was held in the city Sunday.Chairman of the company Md Ziaul Haque Khondker presided over the meeting. ICB...
ICB Asset Management Company Ltd (ICB AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), announced Net Asset Value (NAV) of its two unit funds recently, says a press release.The total NAV of ICB AMCL Unit Fund stood at Tk...
Bangladesh Krishi Bank (BKB) disbursed agricultural loan amounting to Tk 6.58 billion during the first quarter of the current financial year, says a press release. This amount is Tk 1.52 billion higher than that of the corresponding period of last...
FE ReportLottery for share allotment of Standard Insurance Limited will be held on October 16 at 10:30 am at the Bashundhara Convention Hall, Baridhara in the city.The lottery result will be posted on www.standardinsuranceltd.com and www.dsebd.org.The subscription of the insurance...
FE ReportThe inter-bank call money rate maintained a steady level Monday due to injection of fresh cash into the market. US dollar also remained stable against Bangladesh taka (BDT) in the inter-bank foreign exchange market with adequate supply of the...
LONDON, Oct 6 (AP): Asian and European stock markets plunged Monday as government bank bailouts in the US and Europe failed to alleviate fears that the global financial crisis would depress world economic growth.Investors took scant comfort from Washington's passage...
SEC fines co's menThe SEC has fined Sabbir Ahmed, director of Popular Life Insurance Company Limited, Tk 1.0 million for non compliance of securities laws. The SEC has also fined Sayeka Zabin Islam and Farzana Jahan Ahmed, both directors of...
MUMBAI, Oct 6 (Agencies): Clashes between Hindus and Muslims in a western Indian town left at least four people dead and 80 injured, forcing police to impose a curfew, an official said Monday.The violence erupted Sunday when some Muslims tore...
BISHKEK, Oct 6 (Reuters): A weekend earthquake killed up to 70 people in Kyrgyzstan and leveled a village in the south of the Central Asian nation, the emergencies ministry said Monday.The earthquake, measuring 6.3 according to the US Geological Survey,...
ROME, Oct 6 (AFP): Pope Benedict XVI attacked the Godless character of modern culture as he celebrated mass Sunday in a Roman basilica to mark the opening of a synod of Catholic bishops.In a sombre homily in which he suggested...
COLOMBO, Oct 6 (AFP): A Tamil Tiger suicide bomber triggered a blast inside offices of the main opposition party in Sri Lanka Monday, killing at least 27 people, including a senior retired general, officials said.The attack in the northern town...
BEIJING, Oct 6 (AP): China pledged to improve food safety after authorities detained six more people in the country's contaminated milk scandal as the government increases efforts to restore public trust in Chinese-made food products.The head of China's quality watchdog...
TOKYO, Oct 6 (AFP): Japan's new Prime Minister Taro Aso Monday brushed aside talk of calling a snap election, vowing instead to concentrate on revitalising the ailing economy as he struggles to win over voters.Speaking in parliament just two weeks...
Rockets fired at Pakistan politician's home: police PESHAWAR, Oct 6: Suspected Taliban militants fired two rockets at the residence of a prominent politician in troubled northwestern Pakistan but caused no casualties, police said Monday. North West Frontier Province chief minister...
President Iajuddin Ahmed said Monday Bangladesh is a glittering example of communal harmony with its people of all castes and creeds practising their religions freely and peacefully from time immemorial, reports BSS.The President called on all to further strengthen the...
Mohasaptami, the second day of the greatest religious festival of the Hindu community Durga Puja, was celebrated Monday with Saptami Puja, reports BSS. Swami Sthiratmananda of Ramakrishna Mission in Dhaka said on the sixth day the Divinity was invoked in...
Bangladesh has recently donated a cheque for $0.1 million to Nepalese government for flood victims, reports BSS.Bangladesh Ambassador to Nepal Imtiaz Ahmed handed over the cheque to Nepalese Premier Pushpa Kamal Dahal at his residence recently, reports BSS.This token contribution...
Our CorrespondentFARIDPUR: The special 100-day employment generation programme for the hardcore and seasonal unemployed people was launched in all eight upazilas of the district recently at Gerda Union Parishad premises under Faridpur Sadar Upazila of the district.Deputy Commissioner of the...
RANGAMATI, Oct 06 (BSS): Bangladesh Agriculture Development Corporation (BADC) has constructed 30 dams in Chittagong Hill Tracts (CHT) to provide irrigation facilities for the farmers of the area, official sources said.The dams have been constructed under second phase of 'Chittagong...
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