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African leader appeals to US for 'more time' on trade

2007-07-20 00:00:00

ACCRA, July 19 (AFP): Ghana's President John Kufuor urged the United States yesterday to extend a preferential trade agreement for Africa by at least five years, to give the continent more time to boost its infrastructure.Kufuor told the opening of...

Global airports welcome record 4.4b passengers in '06

2007-07-20 00:00:00

GENEVA, July 19 (Xinhua): World international and domestic airports handled a record number of 4.4 billion passengers in 2006, a 4.8 per cent increase over 2005, the Airports Council International (ACI) said yesterday.Meanwhile, 85.6 million metric tons of cargo were...

Business in Turkey unruffled by looming election

2007-07-20 00:00:00

ISTANBUL, July 19 (AFP): General elections in Turkey are usually a time of economic jitters, but markets, business and analysts, confident in the economy's new-found stability, remain cool ahead of Sunday's vote, convinced that the current administration will stay on.Last...

WTO issues fresh drafts on agriculture, tariffs

2007-07-20 00:00:00

LONDON, July 19 (PTI): In a renewed effort to bring the global trade talks back on track, the World Trade Organisation (WTO) Tuesday issued fresh drafts on the most contentious issue of cutting farm subsidies and reducing industrial tariffs.The release...

Nepali central bank urged for balanced, flexible monetary policy

2007-07-20 00:00:00

KATHMANDU, July 19 (Xinhua): Bankers and entrepreneurs in Nepal have urged the Nepal Rastra Bank (NRB) to devise a "balanced and flexible" monetary policy for the current fiscal year starting on July 17, in order to give an impetus to...

China's big trade surplus caused by income disparity

2007-07-20 00:00:00

BEIJING, July 19 (CEIS): The disparity of income distribution has caused big trade surplus, said Qiu Xiaoping, Director of Labour and Salary Department of Labour and Social Security Ministry.Qiu said that, in a long run, the lift of employees' wages...

Canada inflation steady at 2.2pc

2007-07-20 00:00:00

OTTAWA, July 19 (AFP): Consumer prices in Canada increased by 2.2 per cent in June, compared with June 2006, with identical hikes in both April and May, Statistics Canada said yesterday.Inflation was lower than expectations, but analysts said the central...

Laos calls for more foreign investment

2007-07-20 00:00:00

HANOI, July 19 (Xinhua): Laos is appealing for more foreign investors, especially Vietnamese ones, to do business in its capital Vientiane, local newspaper Vietnam News reported yesterday.The Lao government has encouraged all forms of foreign investment from business cooperation contracts...

Food price rise a major driving force for first-half CPI in China

2007-07-20 00:00:00

BEIJING, July 19 (Xinhua): Price hike for foodstuff, mainly grain, meat and fowl and eggs, contributed significantly to the rise of China's consumer price index (CPI) in the first half of this year, Li Xiaochao, spokesman with the National Bureau...

Dollar languishes near record low against euro

2007-07-20 00:00:00

TOKYO, July 19 (AFP): The dollar stayed near record lows against the euro in Asian trade today as the market digested a warning by US Federal Reserve chairman Ben Bernanke that housing problems could worsen, dealers said. They said European...

Olive oil producers seek Chinese, Indian buyers

2007-07-20 00:00:00

MADRID, July 19 (AFP): A global body representing olive producers based in Madrid said yesterday it planned to launch marketing campaigns in China and India to promote the consumption of olive oil in the two emerging markets. The International Olive...

TOTAL Lubricant marketeers receive prizes

2007-07-20 00:00:00

FE Report The prize giving ceremony of a marketing promotion campaign titled "Best of the Best" launched by TOTAL Lubricant for the dealers and agents of Padma Oil Company Ltd (POCL) was held at a city hotel recently. Chairman of...

Industrial commodity prices will remain high in 2008

2007-07-20 00:00:00

LONDON, Jul 19 (store.eiu.com): Demand for most industrial commodities continues to run ahead of supply. As a result, prices (as measured by the Economist Intelligence Unit's Industrial Raw Materials (IRM) price index) will rise by an average of 12 per...

Oil prices ease in Asia

2007-07-20 00:00:00

SINGAPORE, July 19 (AFP): Oil prices were easier in Asian trade today after sharp gain overnight following an unexpected decline in US gasoline (petrol) inventories, dealers said. New York's main contract, light sweet crude for August delivery, dipped four cents...

China to set up agency to manage natural resources

2007-07-20 00:00:00

BEIJING, Jul 19 (Dow Jones Newswire): China's Ministry of Land and Resources said Wednesday it will set up an agency to manage the country's natural resource reserves. The agency will study how to set up a strategic reserve mechanism for...

Indian, Bolivian steel firms sign joint mining deal

2007-07-20 00:00:00

LA PAZ, July 19 (AFP): India's Jindal Steel and Power and Bolivia's state-run Empresa Siderurgica Mutun have signed an agreement to exploit one of the richest iron deposits in the world in southeastern Bolivia, the government's mining minister said. The...

Congress takes aim at unsafe Chinese food products

2007-07-20 00:00:00

Mark DrajenCongress will take its first steps soon to counter a surge of tainted imports from China, voting to tighten food-labeling rules and summoning U.S. officials to explain how the defective goods made it into the country. The House Appropriations...

'Creating designs for Chinese traders to copy'

2007-07-20 00:00:00

Rosalia Omungo''We are crying,'' laments Millicent Otok, as I take a seat next to her at her stall. ''Why are you crying?'' I enquire. ''They come and copy our items,'' she says, in reference to Chinese traders in the Kenyan...

Blogger's arrest -- 'politically repressive'

2007-07-20 00:00:00

Baradan KuppusamyThe arrest, under the official secrets act (OSA), of a prominent blogger and senior aide to opposition icon Anwar Ibrahim has shaken the fast growing blogging community in this country dominated by docile, state-controlled mainstream media. Harvard-educated Nathaniel Tan,...

Al-Qaeda may use Iraq tactics in US

2007-07-20 00:00:00

Jeff BlissOsama bin Laden's al-Qaeda terrorist organization may use tactics honed in Iraq to launch an attack in the U.S., according to domestic intelligence agencies. The group ``is and will remain the most serious terrorist threat to the homeland as...

No risk of death from mass hysteria, says Health Adviser

2007-07-20 00:00:00

Health Adviser ASM Matiur Rahman said there is no reason to get panicked about the recently seen mass hysteria disease among children across the country, reports UNB.Many students have been affected by mass hysteria at different parts of the country."It...

ARAMEX Int'l opens its branch office at Mirpur

2007-07-20 00:00:00

ARAMEX International opened another branch office at Mirpur in the city recently, said a press release.Managing Director of ARAMEX International, Bangladesh Mahbubul Anam inaugurated the branch as the chief guest while its Country Manager Saman Gunawardena presided over the function.Also...

Peer of Dariapur Sharif hospitalised

2007-07-20 00:00:00

FE Report Eminent Islamic thinker and Peer Sahib of Dariapur Sharif Hazrat Moulana Shah Sufi Alhaj Abul Hasan Muhammad Abdul Quayyum has been hospitalised at Ibrahim Cardiac Hospital and Research Institute in the city. The Islamic thinker, elder brother of...

Pran Gopal Dutta conferred FRCS degree

2007-07-20 00:00:00

Renowned ENT specialist and former treasurer and professor of the Bangabandhu Sheikh Mujib Medical University Pran Gopal Dutta has recently been conferred with the honorary FRCS degree, said a press release.Royal College of Physician and Surgeon, Glasgow handed over the...

Taxi catches fire in city

2007-07-20 00:00:00

A taxi caught fire near Shilpa Bank Bhaban at Motijheel area of the city Thursday, reports UNB.Fire brigade sources said local people found the taxi blazing at noon and informed them. But the locals extinguished the blaze before their arrival.The...

New textbooks to restore Sheikh Mujib as Father of the Nation

2007-07-20 00:00:00

National Curriculum and Textbook Board (NCT) is set to reprint school textbooks with Bangabandhu Sheikh Mujibur Rahman restored as 'Father of the Nation' and Ziaur Rahman named "proclaimer of independence on behalf of Bangabandhu."The rewritten history says Shaheed President Ziaur...

New party NPP launched

2007-07-20 00:00:00

A new political party styled National People's Party (NPP) was launched Thursday with its head neither confirming nor denying behind-the-scenes government help, reports bdnews24.com. The nine-point charter of the party includes a plan to form a national security council to...

Govt firm to develop CHT: Adviser

2007-07-20 00:00:00

RANGAMATI, July 19 (BSS): Adviser for Chittagong Hill Tracts (CHT) Affairs Iftekhar Ahmed Chowdhury said the government is determined to bring overall development in the hill districts."Tk 2.57 billion (257 crore) has been allocated in the current fiscal year for...

300 persons observe token hunger strike at Tungipara

2007-07-20 00:00:00

GOPALGANJ, July 19 (UNB): About 300 men and women observed a token hunger strike Thursday on Sheikh Sayera Khatun Red Crescent Hospital premises at Tungipara demanding release of Awami League (AL) President Sheikh Hasina.Coming from in and around Tungipara, ancestral...

Judgement in graft case against Alamgir July 26

2007-07-20 00:00:00

The judgment in the graft case facing detained former state minister Mohiuddin Khan Alamgir will be delivered on July 26, reports UNB.Judge Shahed Noorudin of the special make-shift court at Jatiya Sangsad Bhaban in the city, trying high-profile corruption suspects,...