Oliver MarksThe continued aftershocks from the financial liquidity crisis which started in August 2007 continue next week, with venerable institution Lehman Brothers descending into insolvency, Merrill Lynch being absorbed into Bank of America and AIG seeking to raise cash.This is...
Larry DignanIn the newly launched battle between HP and IBM for your services business-and all the consultants and profit margins that go with it-Big Blue is trying to position itself on higher ground. IBM's argument is that it can solve...
Nicole LeeT-Mobile and Google just announced the first-ever handset with Google's new Android operating system. Called the T-Mobile G1, it has both full touch-screen functionality, a QWERTY keyboard, a trackball for one-handed navigation, plus access to mobile Web applications like...
Greg Sandoval YouTube this week handed authorities in Finland an opportunity to stop a mass killing. After spotting several threatening videos allegedly posted to YouTube by student Matti Saari, Finnish police tracked down and questioned the 22-year-old man on Monday....
Visitors to MySpace.com will be able to listen, for free, to millions of songs, including those that make up the catalogs of the four largest record labels in the world.The service, known as MySpace Music, comes as the embattled music...
DERA ISMAIL KHAN, (Pakistan), Oct 4 (Agencies): Suspected US missiles hit buildings in two Pakistani villages close to the Afghan border, killing 20 people, most of them alleged militants, officials said Saturday.The United States has launched a flurry of strikes...
SYRIA, Oct 4 (Agencies): The head of Syria's nuclear programme has said that the country's military sites will remain off-limits to international nuclear inspectors.Damascus said it would co-operate with an International Atomic Energy Agency (IAEA) inquiry only if it did...
NEW DELHI, Oct 4 (Agencies): Secretary of State Condoleezza Rice arrived in the Indian capital Saturday to commemorate - but not put her signature to - a historic deal that opens up US nuclear trade with the Asian giant.A signing...
NEW YORK, Oct 4 (Agencies): As neon lights bathe the dance floor of the darkened nightclub, a group of young women from Latin America sit at tables, sipping water or soda and waiting for men to approach and hand them...
Advance voting begins in Canadian election OTTAWA, Oct 4: Canada's parliamentary elections entered the home stretch Friday with the start of three days of advance voting ahead of the main polling day on October 14. Elections Canada -- the independent...
ANKARA, Oct 4 (AFP): Fifteen Turkish soldiers and 23 Kurdish rebels were killed during a rebel attack on a military post near the Iraqi border, the Anatolia news agency quoted an army spokesman as saying Saturday.Two other soldiers remained unaccounted...
BAGHDAD, Oct 4 (Agencies): The US military says it has killed a senior al-Qaida in Iraq leader suspected of masterminding deadly bombings in Baghdad.The military says US troops acting in self-defense also killed his wife in Friday's firefight.Saturday's statement identifies...
SPAIN, Oct 4 (Agencies): A bomb has exploded outside a court in Spain's north-eastern Basque region, after a warning from Eta, the armed separatist group, Spanish media report.The small blast went off at 0115 (0015 BST) in the town of...
SRINAGAR, Oct 4 (AFP): Indian Kashmir imposed a one-month ban Saturday on public gatherings, the government said, in a move interpreted as a bid to scupper a planned rally by pro- independence separatists. The order applied to gatherings of five...
MOSCOW, Oct 4 (AFP): A top officer was among seven Russian soldiers killed in a car bombing in the Georgian rebel city of Tskhinvali, Russian media reported Saturday, amid conflicting reports on the incident. The death of Colonel Ivan Petrik,...
FE ReportThe City Bank Ltd, country's one of the leading first generation private commercial banks is now well positioned to meet the challenges in the coming years and will continue to strive to innovate new products for the clients."We will...
FE Report Sri Lanka's National Development Bank (NDB) Friday said it has obtained the Lankan central bank's approval to set up an investment bank in Bangladesh.The bank said in a stock exchange filing that it was waiting for approval from...
FE ReportAgrani Bank Limited has introduced quick disposal of foreign remittance to the beneficiaries of wage earners through online network services. Transfer of remittances transfer from Agrani Exchange House Sdn-Bhd, Malaysia has been brought under the online network of the...
Sarwar Zahan US dollar remained stable against Bangladesh taka (BDT) in the inter-bank foreign exchange market during the preceding week ahead of Eid vacation although there was a rise in demand for the greenback, fund managers said. The market witnessed...
FE Report Bangladesh seeks private sector funds to invest in infrastructure projects with the help of a $165 million loan facility to be funded by the Asian Development Bank (ADB).The Public-Private Infrastructure Development Facility will catalyse private sector investments of...
NEW YORK, Oct 4 (AP): In the end, congressional approval of the government's US$700 billion financial rescue plan Friday did little to lift the financial markets from their growing dejection over the obstacles still facing the economy. Wall Street ended...
Citi has been named the region's best cash management bank in the Asiamoney 2008 Cash Management Poll, said a press reelase. In the client voted survey, Citi won both regional awards, named by respondents as the Best Cash Management Bank...
TOKYO, Oct 4 (AFP): Germany's Allianz Group and other major insurers are considering buying American International Group's (AIG) three life insurance units in Japan, news reports stated Saturday.On Friday, the embattled insurance giant announced plans to sell off "non-core" assets,...
Our CorrespondentNILPHAMARI, Oct 4: Exportable vegetable Loti Kachu (arum) has a potential to becultivated commercially in Nilphamari district. At present Loti kachu is very sporadically and occasionally available in the markets.Sources said Loti kachu has a good demand in local...
NEW YORK, Oct 4 (AP): Dividend cuts in the third quarter took US$22.5 billion out of the pockets of investors during what one Standard & Poor's analyst called the worst September for dividends in more than 50 years.Of the 7,000...
DETROIT, Michigan, Oct 4 (AFP): Ford Motor Company said Friday it is selling US$500 million in stock to retire short-term debt owed by Ford Motor Credit."It's a debt for equity swap," Ford spokesman Bill Collins told the news agency."We're issuing...
WASHINGTON, Oct 4 (AP): Jobs are vanishing at the fastest pace in more than five years with pink slips likely to keep stacking higher in the months ahead, an urgent signal the country may be careening toward a deep and...
PARIS, Oct 4 (Reuters): French President Nicolas Sarkozy hosts a meeting of European leaders Saturday to try to shore up confidence in a banking system hit by the worst financial crisis since the 1930s.The meeting follows approval Friday by the...
ACCRA, Oct 4 (AFP): Leaders of the world's poorest nations resolved to send emissaries to Europe to renegotiate a controversial trade deal as they wrapped up a two-day summit in Ghana yesterday. African, Carribean and Pacific (ACP) who met for...
MOSCOW, Oct 4 (PTI): Apparently referring to the US, Russian President Dmitry Medvedev last week said the time of dominance of "one economy and one currency" is over and called for collective steps to cope with the current financial crisis...
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