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Asian stocks rally as US growth figures boosted optimism

2008-08-31 00:00:00

HONG KONG, Aug 30 (AP): Asian stocks rallied Friday after overnight gains on Wall Street, as stronger-than-expected US growth figures boosted optimism about the world's largest economy, a vital export market for Asia.In Japan, the Nikkei 225 index rose 2.39...

Body of student recovered at Madhabkundu falls

2008-08-31 00:00:00

MOULAVI BAZAR, Aug 30 (bdnews24.com): A search and rescue team recovered the body of a drowned Stamford University student Saturday, 22 hours after he went missing at Madhabkundu falls at Moulvi Bazar, a police official said.The rescuers, who started their...

Moon sighting committee meets today

2008-08-31 00:00:00

National Moon Sighting Committee will hold a meeting at Islamic Foundation conference room today (Sunday) to decide on the moon sighting of the month of Ramadan, reports UNB.Adviser for Religious Affairs and Chairman of the Committee AF Hassan Ariff will...

NYT backs idea of killing 70 m Iranians

Mohammad Ali Sattar | 2008-08-31 00:00:00

Not too many people get to read the New York Times (NYT), especially the strapped people of the Third World. Either they cannot afford to subscribe to the broadsheet or do not have the privilege of access to online publication....

Sonali Bank holds first AGM

2008-08-31 00:00:00

Sonali Bank Limited held its first annual general meeting (AGM) Saturday at its head office in the city, says a press release.Chairman of the board of directors and secretary of Cabinet Division, Ali Imam Majumder was in the chair. All...

Friends Social Welfare, Karwan Bazar win

2008-08-31 00:00:00

Friends Social Welfare Organisation earned an easy 3-0 goals win over Kodomtola Sangsad in the Metropolis Second Division Football League at Bir Shrestho Shaheed Sepoy Mohammad Mostafa Kamal Stadium in Komolapur in the city Saturday.Milon, Moklesur and Bappi scored one...

Oracle led in 2007 banking platform sales

FE report | 2008-08-31 00:00:00

Oracle has been recognised as a Global Power Seller in Forrester Research's June 2008 independent report, "Global Banking Platform Deals 2007: Vendors."Forrester Research defined Global Power Sellers as "leaders with more than 35 new banking platform clients in at least...

Edifier HCS2330 speaker

2008-08-31 00:00:00

Its speaker time again. Edifier brings us the one and only model in the series, the HCS2330 for this month's sonic review. Externally, the HCS2330 has been compared to the Edifier C3. The HCS2330 is the more powerful model of...

Americans

2008-08-31 00:00:00

WASHINGTON, Aug 30 (AP): Consumer spending slowed to a crawl and personal incomes plunged in July, reflecting the waning impact of $93 billion in economic stimulus payments.The Commerce Department report Friday showed that consumer activity got off to a shaky...

Tougher security measures in city underway

2008-08-31 00:00:00

Security agencies have reinforced their drive against crimes and disturbances in the city ahead of the holy month of Ramadan, RAB chief Hasan Mahmud Khandokar said Saturday, reports UNB.The director general (DG) of the elite anti-crime agency said plans were...

Eyes are valuable assets: yearly checkup is important

Kaniz Fatima | 2008-08-31 00:00:00

IT was a hot and humid day in 2007 when Auntu got back home from school. He looked exhausted and was sweating."What's wrong?" asks Auntu's mother. "Mom, I was punished in the class. My teacher made me stand up outside...

Nokia Siemens Networks Oy to expand Teletalk network

2008-08-31 00:00:00

Nokia Siemens Networks Oy has been assigned to expand Teletalk network.In this connection, an agreement was signed between Teletalk Bangladesh Limited and Nokia Siemens Networks.Managing Director of Teletalk Md Mujibur Rahman and Head of Asia North Sub-region of Nokia Siemens...

McCann Erickson's knowledge director visits Unitrend Bangladesh

2008-08-31 00:00:00

Neeraj Mehra, Director Knowledge Management, from McCann Worldgroup Asia Pacific visited the office of Unitrend Ltd (affiliated with McCann Erickson) in the city recently, says a press release.A session was held which involved both the agency populance as well as...

Massive evacuation as millions hit by floods in India

2008-08-31 00:00:00

PATNA, (India), Aug 30 (AFP): More than 300,000 people trapped in India's worst floods in 50 years have been rescued but nearly double that number remain stranded without food or water, officials said Saturday.About 60 people have died and three...

Shake-ups in admin continue

2008-08-31 00:00:00

The government has made changes in the posts of eight deputy secretary-level officials and a senior assistant secretary, reports bdnews24.com.The Establishment Ministry issued the transfer orders Saturday.Of the deputy secretary level officials former deputy commissioner of Mymensingh Shamsul Alam has...

Labourer feared dead in boat capsize

2008-08-31 00:00:00

SIRAJGANJ, Aug 30 (UNB): A day labourer is feared dead in a boat capsize in the Jamuna River Saturday.The boat, carrying some 12 labourers along with sand blocks, was caught in a whirlpool near the hard point in the district...

Dollar firms against euro on hope for US rate hike

2008-08-31 00:00:00

NEW YORK, Aug 30 , (AFP): The dollar firmed against the euro yesterday, bolstered by rising US inflation that stirred speculation the Federal Reserve will raise interest rates.The euro was changing hands at 1.4673 dollars around 2100 GMT, down from...

Aziz rules out poverty rise in country

2008-08-31 00:00:00

Finance adviser Dr Mirza Azizul Islam Saturday ruled out the idea that the poverty is increasing in Bangladesh, reports UNB.Giving his reaction to a recent World Bank study report, he said the press has misunderstood the report and that gave...

Mercantile Bank inks remittance deal with Seylan Bank

2008-08-31 00:00:00

Mercantile Bank Limited has signed an agreement with Seylan Bank plc of Sri Lanka to facilitate remittance flow in Bangladesh through banking channel.Deputy Managing Director of Mercantile Bank MA Shahjahan and General Manager and Chief Executive Officer of Seylan Bank...

Mercosur seeks common strategy for high food prices

2008-08-31 00:00:00

SANTIAGO, Aug. 30 (Xinhua): The Common Market of the South (Mercosur) yesterday discussed a common strategy to address surging world food prices at an agriculture meeting in Chile.Agriculture Ministers of Mercosur's members gathered in the resort of Cocon in the...

Hurricane Gustav gains strength on way to Cuba

2008-08-31 00:00:00

GEORGE TOWN, (Cayman Islands) Aug 30 (Agencies): Gustav rapidly gained power early Saturday and verged on becoming a fearsome Category 3 hurricane as it neared western Cuba on a track to hit the US Gulf Coast three years after Hurricane...

Ananda Shipyard to go public by year-end to finance its expansion

Kayes M Sohel | 2008-08-31 00:00:00

Bangladesh's pioneer shipbuilder Ananda Shipyard and Slipways Limited (ASSL) would go public by year-end to raise fund from the country's stock markets to finance its massive expansion drive, its chief executive said Saturday.The move is a boost for the country's...

Eurozone inflation pulls back from record high

2008-08-31 00:00:00

BRUSSELS, Aug 30 (AFP): Inflation in the 15 countries sharing the euro came off record highs in August, offering an increasingly rare ray of light as the threat of recession looms, official EU data showed yesterday.Annual inflation in the Eurozone...

Federer advances to 3rd round

2008-08-31 00:00:00

NEW YORK, Aug 30(AFP): Roger Federer defeated Thiago Alves 6-3, 7-5, 6-4 in the second round of the US Open Friday as he attempts to salvage a season where he has yet to win on hardcourts.Federer extended his US Open...

Palm oil plays important role in meeting edible oil demand in Bangladesh

2008-08-31 00:00:00

A. K. M. Fakhrul AlamDESPITE substantial rise in the price of edible oils in the international market in 2008, import volume of palm oil in Bangladesh increased substantially due to its competitive price compared to soyabean oil. During Jan-July period...

Dollar crisis hits Rajshahi banks hard

Our Correspondent | 2008-08-31 00:00:00

RAJSHAHI, Aug 30: Banks in Rajshahi for about a month is facing an acute shortage of dollar.Unsafe transport system and closure of the system of endorsements by the money changers have been identified as the main causes of this dollar...

British economy facing 'worst downturn in 60 years'

2008-08-31 00:00:00

LONDON, Aug 30 (AFP): The British finance minister has warned the country is facing "arguably the worst" economic downturn in 60 years and says it will be "more profound and long-lasting" than people had expected.Chancellor of the Exchequer Alistair Darling...

Google tests: what a difference a few pixels make

Stephen Shankland | 2008-08-31 00:00:00

In the old days, designers often had little more than gut checks and rules of thumb to determine the efficacy of creations such as advertisements or newspaper layouts. Later came expensive eye-tracking tests that showed how people scanned pages or...

Oil prices bounce above $120 on US storm concerns

2008-08-31 00:00:00

LONDON, Aug 30 (AFP): Oil jumped briefly back above 120 dollars per barrel this week before turning lower in choppy trade that was driven by US storm worries and tensions between Russia and the West, traders said.Precious metal gold benefited...

Meghna Life approves 25pc stock dividend

2008-08-31 00:00:00

Meghna Life Insurance Company Limited approved 25 per cent stock dividend for the year 2007.The approval was given at the 12th annual general meeting of the company, held in the city recently.Chairman of the company Nizam Uddin Ahmed presided over...