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The future of retail banking: A global perspective

2007-06-03 00:00:00

AS we have been working with our existing bank clients inside and outside the country, we have been struck by the rapid and provocative changes facing the retail sector. While the pace and direction of change seems to vary somewhat...

World's biggest economy regaining vitality after weakest growth

2007-06-03 00:00:00

WASHINGTON, June 2 (AFP): US employers added 157,000 jobs in May, the Labour Department said Friday in a sign that the world's biggest economy is regaining vitality after the weakest growth in more than four years. The unemployment rate held...

Pak economy registers 7pc growth for fourth consecutive year

2007-06-03 00:00:00

ISLAMABAD, June 2 (APP): Pakistan economy has shown a robust growth as the country's gross domestic product (GDP) has registered an average growth rate of 7 per cent for the fourth consecutive year.Official sources highlighting the performance of economy during...

Eurozone economic growth slows to 3.0pc annually in Q1

2007-06-03 00:00:00

BRUSSELS, June 2 (Xinhua): The eurozone economy grew by 3.0 per cent from twelve months ago in the first quarter this year, slower than in the previous quarter, the European Union's statistics bureau Eurostat said yesterday. The year-on-year growth rate...

US puts limits on lenders' ties to universities

2007-06-03 00:00:00

The Education Department, criticised for lax oversight of student loans, released proposed rules yesterday that would set new standards for universities and ban lenders' marketing practices that have resulted, in some cases, in loan company payoffs to university officials.The 225-page...

WTO's Lamy urges G8 to 'just do it' on trade talks

2007-06-03 00:00:00

BRUSSELS, June 2 (AFP): World Trade Organisation (WTO) director general Pascal Lamy stressed yesterday the growing urgency of making a breakthrough in struggling free-trade talks, urging leaders of the Group of Eight (G8) richest countries to "just do it". "There...

Saudi Arabia to impose penalty on overstaying expats

2007-06-03 00:00:00

DUBAI, June 2 (PTI): With the amnesty period ending today, the Saudi government will impose a hefty fine on expatriates overstaying their visit on Hajj and Umrah visas. A fine of SR 1,000 will be levied for each year of...

Swiss borders open more for European workers

2007-06-03 00:00:00

GENEVA, June 2 (Xinhua): Switzerland yesterday further opened its border to workers from other European countries by dropping quotas that it had maintained for decades to limit the number of people allowed to enter the country's labour market. Thanks to...

Rising rupee fails to dampen Indian exports that rise 23pc

2007-06-03 00:00:00

NEW DELHI, June 2 (PTI): Proving naysayers wrong, India's exports started the new financial year with an impressive 23.06 per cent year-on-year growth to touch USD 10.57 billion in April. In line with the robust economic growth and liberalised import...

Metal prices hammer higher, but oil prices skid lower

2007-06-03 00:00:00

LONDON, June 2 (AFP): Metal prices jumped higher this week as the US dollar struggled to find higher ground, while lead hit a record high on worries over critically low stockpiles and Chinese demand. Oil prices fell as US refineries...

Uncertainties over mandatory hallmarking of gold

2007-06-03 00:00:00

CHENNAI, Jun 2 (PTI): Lack of security provisions coupled with inadequate infrastructure and lukewarm response from jewellers have put the government decision of making hallmarking mandatory for gold from January 1, 2008 into uncertainties. According to Bureau of Indian Standards...

Dollar extends gains on strong job market report

2007-06-03 00:00:00

NEW YORK, June 2 (AFP): The dollar traded mainly higher yesterday as better-than-expected US data helped shift expectations on healthy growth going forward in the world's biggest economy. The euro slipped to 1.3442 dollars at 2100 GMT from 1.3454 dollars...

No proof of large-scale UN funds diversion in N Korea

2007-06-03 00:00:00

UNITED NATIONS, June 2 (AFP): An audit of operations of three UN agencies in North Korea has found no proof of US charges of systematic diversion of large-scale UN funding to the Pyongyang regime, the world body said yesterday. "The...

Pak PM urges investment in energy sector

2007-06-03 00:00:00

ISLAMABAD, Jun 2 (APP): Prime Minister Shaukat Aziz yesterday said there was huge potential for investment in the energy sector due to high growth, demand and good returns. Talking to Dr. Ali Allawi, Chairman Energy Pro-Gas, Ltd here at the...

Nepal adopts plan to expedite heritage conservation works

2007-06-03 00:00:00

KATHMANDU, June 2 (Xinhua): The Nepali government has adopted the integrated management plan (IMP) to expedite conservation works in the seven world heritage site monuments in the capital Kathmandu Valley, which now have been enlisted as monuments in danger, The...

Oil prices spike amid Nigerian supply jitters

2007-06-03 00:00:00

NEW YORK, June 2 (AFP): World oil prices spiked yesterday as concerns mounted about Nigeria's supply situation amid reports that fresh unrest had forced one western oil company to suspended some of its crude exports. New York's main oil futures...

BB asks eight state-owned banks, financial instts to speed up agri credit disbursement

2007-06-03 00:00:00

FE Report The Bangladesh Bank (BB) has asked eight state-owned banks and financial institutions to speed up disbursement of agricultural credit aiming to reach the target set for fiscal 2006-07 ending on June 30 next.The BB's instruction came against the...

Singer launches spl campaign to exchange used TV

2007-06-03 00:00:00

FE Report Singer Bangladesh Limited has launched a special campaign titled 'Free Mobile Offer' under which buyers of air conditioner, IPS, refrigerator/freezer and fan can win 200 mobile phone-sets through coupon draw. Besides, the Singer is offering 0 per  cent...

Rahmatganj taste win

2007-06-03 00:00:00

Rahmatganj MFS registered their first win in the B League beating Arambagh KS by 2-1 goals in the second phase match at the Bangabandhu National Stadium in the city Saturday, reports UNB.The first phase match between the two sides ended...

Woolmer 'was not murdered'

2007-06-03 00:00:00

Scotland Yard detectives have told Jamaican police that the former Pakistan cricket coach Bob Woolmer was not murdered, the BBC understands. The apparent verdict follows work by a UK Home Office pathologist, who flew to Jamaica to probe Woolmer's death....

Moody stunned by Aussie reaction to Murali

2007-06-03 00:00:00

SYDNEY, June 2 (AFP): Former Sri Lankan cricket coach Tom Moody said he is embarrassed by the derogatory reaction and constant harassment directed by Australian crowds towards Sri Lanka spinner Muttiah Muralitharan. Muralitharan's ultra-flexible bowling action has come under its...

Scott surges through at Memorial meet

2007-06-03 00:00:00

Australian Adam Scott powered into the lead at the halfway stage of the Memorial Tournament in Ohio after firing a scintillating 10-under-par 62, reports BBC. The 26-year-old was nine under after 12 holes but a couple of missed short putts...

Police volleyball DMP emerge champions

2007-06-03 00:00:00

Dhaka Metropolitan Police (DMP) team emerged champions in the Bangladesh Police Volleyball Championship as they crushed Chittagong Range by 3-0 sets in the final at the Rajarbagh Police Lines ground in the city Saturday.Maruful Hasan of the DMP team was...

Swabalombi Society sink Mitali Sangha

2007-06-03 00:00:00

Swabalombi Society beat Madartek Mitali Sangha by 25-19, 20-25, 25-21, 18-25 and 15-13 points in a match of the National Bank Metropolis First Division Volleyball League at the Dhaka Volleyball Stadium in the city Saturday, reports UNB.The day's other match...

Sharapova posts unconvincing win

2007-06-03 00:00:00

Second seed Maria Sharapova recovered from a second-set blip to move into the last 16 of the French Open Saturday, reports BBC. The 20-year-old was 4-1 down in the second set against fellow Russian Alla Kudryavtseva and dropped serve three...

Ashraful new skipper, Mortaza his deputy

2007-06-03 00:00:00

turday named Mohammad Ashraful its new captain and Mashrafe Mortaza vice captain for both the Test and ODI (one day international) teams. These two will lead the side till the Twenty20 World Cup to be held in September in South...

Eng-Brazil friendly Beckham denied winning return

2007-06-03 00:00:00

LONDON, June 2 (AFP): David Beckham was denied a winning return for England as Diego headed a late equaliser to earn Brazil a 1-1 friendly international draw Friday. But Beckham has always had a flair for the dramatic and it...

Hum Saath Saath Hai

2007-06-03 00:00:00

On Zee TV Sunday at 6-00 pmRamkishen (Alok Nath) and his wife Mamta (Reema Lagoo) head a big joint family. They have three sons - Vivek (Mohnish Behl), Prem (Salman Khan) and Vinod (Saif Ali Khan) and a daughter Sangeeta...

Don

2007-06-03 00:00:00

On Sony SET Sunday at 8-30 pm A ruthless gangster named Don (Amitabh Bachchan) is killed during a scuffle with the police. Since only DSP DeSilva (Iftekhar) knows of this incident, he recruits another person named Vijay (Amitabh Bachchan) who is...

TallTales&Trouble

2007-06-03 00:00:00

"Teen Badshah" (Threee Kings) was directed by Aziz Ahmed Babul ad the cast includes Alexander Bo, Sahara, Shahin Alam, Chondrima, Sohel, Shuchona, Miju Ahmed, Danny, Jambu, Polash, Badal, Khaleda Akhtar Kalpana, Siraj Haider and Nasir Khan.We shall give you the...