FORT WAYNE, Ind. Aug 3 (AP): A company that bought a Missouri-based electric vehicle maker two years ago is moving the operation to Fort Wayne.Jerry Medlin, owner of Electric Vehicles Inc., said Thursday he hopes to begin production by the...
FRANKFURT, Aug 3 (AFP): The European Central Bank (ECB) holds an exceptional meeting this month amid signs of persistent market turmoil, but analysts expect interest rates to stay on hold even though the Eurozone might be stumbling toward recession.The ECB...
TEHRAN, August 3 (Agencies): Iran will not give up "a single iota of its nuclear rights," the country's president said Saturday, rebuffing an informal deadline to stop expanding uranium enrichment or face more sanctions.Mahmoud Ahmadinejad made the remarks during discussions...
Awami League (AL) acting president Zillur Rahman Sunday alleged that the government has adopted a double standard policy about the arrest and release of its leaders, reports UNB.He demanded immediate unconditional release of former minister and senior AL leader Engr...
Natural pearls are in high demand in the international market. The same are valued and bring good amounts in foreign currencies. Natural pearls are sought after in countries with high purchasing power such as Japan, China and Europe where the...
Awami League leaders have expressed doubts over the neutrality of the city corporation polls, while acting AL president Zillur Rahman stated that if the elections were fair, the 14-party alliance would certainly emerge the clear winners, reports bdnews24.com.Speaking to reporters...
MOGADISHU, August 3 (AFP): A roadside bomb ripped through a group of female street cleaners in Mogadishu Sunday, killing at least 20 civilians and wounding dozens, most of then women, witnesses and medical sources told AFP.The explosion went off in...
FE Report | 2008-08-04 00:00:00
Auditors and accounting professionals must adapt and comply with national and international standards and regulations aimed at assuring transparency and accountability in the corporate governance as the proposed Financial Reporting Council (FRC) is in the government's pipeline.This was recommended at...
MANCHESTER, England, Aug 3 (AFP): Sir Alex Ferguson admitted youngster Fraizer Campbell is set for a Premier League opportunity following his goal in Ole Gunnar Solsjaer's testimonial Saturday.Campbell, whose form could affect United's bid for Dimitar Berbatov, scored the only...
FE Report | 2008-08-04 00:00:00
The inter-bank call money rate closed lower Sunday due to injection of fresh cash into the market that improved liquidity position. The US dollar, however, gained ground against Bangladesh taka (BDT) in the moderately active inter-bank foreign exchange market, fund...
FE Report | 2008-08-04 00:00:00
The Securities and Exchange Commission (SEC) Sunday rejected the time extension prayer by the state-owned gas distribution company, Titas, for offloading a substantial number of unsold shares.A company seeking to go for direct listing has to offload 10 per cent...
Chinese Vice Minister for Foreign Affairs Wu Dawei, who is attending the current SAARC Summit as an observer, called on Adviser for Foreign Affairs Iftekhar Ahmed Chowdhury at his hotel suite in Colombo Saturday evening, reports UNB.The vice minister told...
Pubali Bank Limited has assured the expatriate Bangladeshis living in Malaysia to expedite the remittance disbursement to the beneficiaries in Bangladesh promptly.Managing Director of the bank Helal Ahmed Chowdhury gave the assurance while speaking at the Bangladesh Single Country Trade...
GALLE, Sri Lanka, Aug 3 (AFP): Teenager Ishant Sharma gave a superb display of fast bowling to help India square the series with a 170-run victory over Sri Lanka in the second Test here Sunday.Sharma finished with 3-20 off 15...
FINALLY the government of Kuwait decided to fix a minimum wage structure for the employees working there in the private sector. Also laudable is its decision about the private-sector employees bearing the insurance, housing and health expenditures of their workers....
FE Report | 2008-08-04 00:00:00
A trust fund titled 'Saleha Mojumder Memorial Scholar-ship' was recently launched at Hakimpur Bangla Hili Pilot High School at Hakimpur Upazila in Dinajpur.Former senior general manager of Bangladesh Petroleum Corporation Aminul Haq Mojumder handed over a cheque for Tk 2,00,000...
FE Report | 2008-08-04 00:00:00
With investors thinning out in a bearish market, the stock prices shed 71 points more on Sunday, pulling down the benchmark DGEN below 2700-mark.The Dhaka Stock Exchange (DSE) General Index (DGEN) was 2689.93 at the end of the day's trading,...
FE Report | 2008-08-04 00:00:00
EXIM Bank has launched Visa Islamic Card, the first Shariah-based card by any Islamic bank in the country. Chairman of the Bank Md Nazrul Islam Mazumder inaugurated the card as the chief guest at a function held at the Bangladesh-China...
FE Report | 2008-08-04 00:00:00
The 31st death anniversary of the renowned physician of the sub-continent Dr. Nawab Ali will be observed today (Sunday) with due solemnity.Nawab Ali died on August 4, 1977 in Dhaka.He was professor of Medicine of Lake Medical College, Kolkata, one...
FE Report | 2008-08-04 00:00:00
The Half-Yearly Business Conference-2008 of Green Delta Insurance Company Ltd was held at Cox's Bazar recently. The conference was attended by officials and executives of the company, said a press release.Dr Kabir H Chowdhury, chairman of the company, inaugurated the...
BEIJING, August 3 (Reuters): Seeking to show openness yet desperate to avoid embarrassment at the Olympics, China allowed a first foreign orchestra performance in Tiananmen Square Sunday but also issued warnings to would-be protesters.While local Communist leaders want the August...
TOKYO, Aug 3 (AFP): The pre-tax profit of major Japanese companies fell 15 per cent year on year in the April-June quarter, weighed down by the US economic slowdown and price hikes, a survey showed today.The survey was conducted by...
The court Sunday adjourned the trial proceedings in the extortion case against former Prime Minister Sheikh Hasina and two others, reports BSS.Judge M Ashraf Hossain set the new date as the prosecution counsels said, the complainant of the case could...
FE Report | 2008-08-04 00:00:00
Dhaka Stock Exchange (DSE) has slapped a daily fine of Tk 500 on seven listed companies for failing to submit their individual half yearly unaudited reports to the premier bourse by due date.The fine became effective from last Friday in...
FE Report | 2008-08-04 00:00:00
Commercial Bank of Ceylon (CBC) has been awarded with a rating of AA+ (Double A plus) for long term and ST-1 for short term.Credit Rating Information and Services Ltd (CRISL) rated the CBC based on its 2007 Balance Sheet, said...
Former Army Chief Gen (retd) Mustafizur Rahman passed away at Dhaka Combined Military Hospital (CMH) early Sunday, reports UNB.Mustafizur Rahman, who was awarded the honorary title of Bir Bikram as a valiant freedom fighter, had been suffering from cancer and...
Amirul Islam | 2008-08-04 00:00:00
IT is not enough to claim that a market economy is functioning and to remain content, thinking that the competition to ensue in such a market economy among different producers of goods and providers of services would automatically translate into...
LONDON, Aug 3 (AFP): Michael Vaughan Sunday resigned as England cricket captain, saying it was both the hardest and the easiest decision he has made.His decision follows Saturday's five-wicket defeat against South Africa in the third Test at Edgbaston, which...
35 killed in India as truckfalls into riverNEW DELHI, Aug 3 : At least 35 farm workers were killed and 15 injured when a truck plunged into a small river in India's eastern Bihar state, the Press Trust of India...
COLOMBO, Aug 3 (UNB): Bangladesh welcomed the Pak-Afghan joint communiqu
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