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Most Asian markets end higher

2008-08-01 00:00:00

HONG KONG, July 31 (AP): Most Asian stock markets rose Thursday, as optimism about US jobs and a Federal Reserve move to help investment banks offset a spike in oil prices.The Japanese Nikkei 225 index inched almost 0.10 per cent...

Dhaka moots new proposal on intra-SAARC military cooperation

2008-08-01 00:00:00

Bangladesh Thursday mooted a new proposal on intra-SAARC military cooperation and strengthening the group secretariat at the Council of Ministers meeting ahead of the forum's summit in the Sri Lankan capital, reports UNB from Colombo.Foreign Adviser Dr Iftekhar Ahmed Chowdhury...

Kuwaiti trade body asked to extend helping hand to Bangladeshi workers

2008-08-01 00:00:00

Two top trade union leaders of the country have urged the Kuwaiti trade union movement to extend a helping hand to Bangladeshi workers facing repression in Kuwait and deportation by the authorities, reports UNB.In a joint letter sent by email,...

Iran again rejects nuclear deadline

2008-08-01 00:00:00

TEHRAN, July 31 (AFP): Iran Thursday rejected any deadline to give a final response to a package drawn up by world powers seeking to end the nuclear crisis and said there should be more negotiations to reach a deal."The language...

Colombo Declaration to focus on efforts to boost economic growth

2008-08-01 00:00:00

SAARC leaders at the 15th summit are expected to adopt a 37-point Colombo Declaration focusing on collective regional efforts in core areas of food and energy security, trade, climate change and terrorism, reports UNB from Colombo.A draft of the declaration...

The current oil shock

Dilip Hiro | 2008-08-01 00:00:00

When will it end, this crushing rise in the price of gasoline, now averaging $4.10 a gallon at the pump? The question is uppermost in the minds of American motorists as they plan vacations or simply review their daily journeys....

European stocks dip

2008-08-01 00:00:00

LONDON, July 31 (AFP): Europe's main stock markets slipped into the red Thursday as investors tracked a flurry of company earnings reports, and set aside overnight gains on Wall Street, dealers said.Approaching midday trade in London, the FTSE 100 index...

Unilever 2Q down 21pc

2008-08-01 00:00:00

AMSTERDAM, Netherlands, July 31 (AP): Consumer products company Unilever PLC, maker of Dove soaps, Lipton teas and Ben & Jerry's ice cream, said Thursday net profit fell by 21 per cent in the second quarter, hurt by the strong euro,...

$12m BB OD for another SCB to foot oil import bills

FE Report | 2008-08-01 00:00:00

The central bank has provided overdraft (OD) facilities for US$12 million to a state-owned commercial bank (SCB) for settlement of its oil import bills, officials said."We have provided such facilities to the SCB against reverse repo auction to settle import...

NATO must do more in southern Afghanistan, says Canada

2008-08-01 00:00:00

OTTAWA, July 31 (Reuters): NATO members must send more troops to southern Afghanistan, where Canada and a few other nations are bearing the brunt of combat against Taliban militants, Canadian Defence Minister Peter MacKay said on Wednesday.Canada, which has 2,500...

Ukraine parliament examines floods after 30 dead

2008-08-01 00:00:00

KIEV, July 31 (Reuters): Floods in western Ukraine have killed 30 people and prompted the evacuation of nearly 18,000, officials said on Thursday, after five days of rain caused rivers to spill over into villages and farmland.Emergencies Minister Volodymyr Shandra...

Draft renewable energy policy reviewed

FE Report | 2008-08-01 00:00:00

The power ministry Thursday held a meeting with the stakeholders to review the draft Renewable Energy Policy and expedite its adoption to tap the potentials of generating electricity from renewable energy resources.The meeting headed by power secretary Dr M Fouzul...

HP launches three latest laptops

FE Report | 2008-08-01 00:00:00

HP, the world's biggest IT group launched three latest laptops including mini notebook computer in the city organising a ceremonial fashion show based on HP notebooks Thursday.Of the products, the HP 2133 Mini-Note PC is a full-function, mini notebook computer...

Academy face national cricketers today

2008-08-01 00:00:00

The GP-BCB National Cricket Academy team, which will leave Dhaka for South Africa on August 4 on a short tour, face the national cricketers in a practice match at the Mirpur Sher-e-Bangla National Stadium (SBNS) in the city, reports UNB...

Hastening process of land accretion in coastal areas

2008-08-01 00:00:00

Most of the externally provided information about the geographical and environmental future of Bangladesh are darkly pessimistic ones, most of the time. In this backdrop, the latest piece of information, provided by Bangladeshi scientists of the Centre for Environment and...

High oil prices underpin record BASF profits

2008-08-01 00:00:00

FRANKFURT, July 31 (AFP): BASF, the world's biggest chemical company, BASF, post record profit results for the second quarter today, boosted by high oil prices.Net profit jumped by 27 per cent to 1.3 billion euros (2.02 billion dollars), while operating...

Shell reports profits surge of 33pc in second quarter

2008-08-01 00:00:00

LONDON, July 31 (AFP): Anglo-Dutch energy giant Royal Dutch Shell said today that net profit jumped by a third to 11.556 billion dollars (7.409 billion euros) in the second quarter owing to record high oil prices.Net earnings on a current...

Does Geneva marks the end of Doha round of WTO talks?

Syed Fattahul Alim | 2008-08-01 00:00:00

The World Trade Organisation (WTO) talks in Geneva have finally collapsed. The Doha round of WTO talks that started in the Qatari capital of Doha with a view to liberalising global trade for an easier and cheaper flow of goods...

Nepal's FDI commitment rises to five-year high

2008-08-01 00:00:00

KATHMANDU, July 31 (Xinhua): Nepal received the highest foreign direct investment (FDI) commitment of 9.81 billion Nepali rupees (some 144 million US dollars) in the last fiscal year, as a housing boom and newly-explored hydro potentials lured overseas investors, The...

Liquid flowing on surface of Saturn moon, says NASA

2008-08-01 00:00:00

LOS ANGELES, July 31 (AFP): NASA scientists said Wednesday they had found liquid on Saturn's moon Titan, only the second body in the solar system after Earth to have fluid on its surface.The groundbreaking discovery was made after analysis of...

Britain's gas price to see 35 pc record rise

2008-08-01 00:00:00

LONDON, July 31 (Xinhua): Britain's largest household energy supplier announced yesterday that gas price is to rise by 35 per cent along with 9 per cent for electricity prices.British Gas owner Centrica said the rises will take immediate effect citing...

Tata drops $3b investment plan, finally

FE Report | 2008-08-01 00:00:00

Indian business conglomerate Tata Group has finally dropped its proposals on US$ 3.0 billion investment in Bangladesh as there is no commitment from the government for gas supply to its steel, power and infrastructure projects."It is clear that the Bangladesh...

Participating in overseas trade fairs

2008-08-01 00:00:00

Bangladesh needs to draw up a strategy for participating in international trade fairs as a cornerstone of its policies to export more. As it is, the country's participation in trade fairs round the world does not take place in great...

Govt fails to ensure minimum wages for Bangladeshis working abroad

FE Report | 2008-08-01 00:00:00

A large number of Bangladeshis working abroad, particularly the countries in the Middle East, are deprived of fair wages as the government fails to dictate the terms of job in commensurate with living expenses, a senior official said Thursday.He said...

Oil prices steady after strong rebound

2008-08-01 00:00:00

SINGAPORE, July 31 (AFP): World oil prices steadied in Asian trade today after a rebound of more than four dollars driven by an unexpected decline in US petrol stockpiles, analysts said.In afternoon trade, New York's main contract, light sweet crude...

Shamsul Islam freed on bail

2008-08-01 00:00:00

Former minister and BNP standing committee member M Shamsul Islam was released on bail from the Dhaka Central Jail Thursday, a day after his party colleague and co-accused in the GATCO graft case Mr Mannan Bhuiyan came out, reports UNB.Witnesses...

Australian PM wants financial services grow in Asia

2008-08-01 00:00:00

CANBERRA, July 31 (Xinhua): Australian Prime Minister Kevin Rudd said today that while Australia's financial services industry was performing well domestically, there was much to be done to boost growth overseas, particularly in Asia.Rudd told the Financial Services Hub Summit...

Four killed in Jessore road mishap

Our Correspondent | 2008-08-01 00:00:00

JESSORE, July 31: Four persons including an NGO official, his wife, a college student and another woman were killed and 10 others were injured in a road accident at Gopalpur morh on the Jessore-Khulna Highway under Sadar Upazila in the...

Wanderers, Navy brighten chance to reach final round

2008-08-01 00:00:00

Dhaka Wanderers Club and Bangladesh Navy came close to reaching the final round of the Citycell Federation Cup Football Tournament winning their respective Group B matches Thursday, reports UNB.Dhaka Wanderers almost assured their final round berth from the group beating...

S'pore jobless rate up to 2.3pc in Q2

2008-08-01 00:00:00

SINGAPORE, July 31 (Xinhua): Singapore's jobless rate in the second quarter went up to 2.3 per cent after seasonal adjustments, compared to the previous quarter's 2 per cent, amid greater economic uncertainties, the government said today.Preliminary estimates showed that employment...