David Oakley | 2008-07-07 00:00:00
THE emerging economies, for so long the success story of the markets, have suffered a jolt this year.Until the start of 2008, they had outperformed US and European markets amid talk that they had decoupled from the main western economies,...
JERUSALEM, July 6 (AFP): Israel Sunday reopened border crossings to the Hamas-ruled Gaza Strip after closing them Thursday after a rocket was fired from the territory in defiance of a truce that has been in effect since June 19.Israeli army...
Our Correspondent | 2008-07-07 00:00:00
CHITTAGONG, July 06: It is a difficult task to prepare a budget of a rising economy like Bangladesh by coordinating the hopes and aspirations of all.Such an observation was made by National Board of Revenue (NBR) Chairman and Secretary of...
KHULNA, July 6 (UNB): The Returning Officer here disqualified four mayoral candidates out of the 15 in race for the Khulna City Corporation (KCC) polls slated for August 4 as they were found to be loan defaulters during scrutiny Sunday.Deputy...
LONDON, July 6 (AFP): EU trade commissioner Peter Mandelson hit out again today in his battle with French President Nicolas Sarkozy over world trade talks by attacking "populist and self-serving" rhetoric on the issue.Mandelson wrote that the latest Doha round...
FE Report | 2008-07-07 00:00:00
Non-Primary Dealer (PD) banks and financial institutions will continue to participate in the primary auction of the government securities as the central bank refused to impose any restriction on their participation as requested by the Primary Dealers Association of Bangladesh...
FE Report | 2008-07-07 00:00:00
The operating profit of the country's private commercial banks (PCBs) shot up by around Tk 10.55 billion (1,055 crore) in the first six months of this calendar year, recording nearly a 50 per cent growth over that of the corresponding...
OTTAWA, Jul 6 (AFP): Prime Minister Stephen Harper on Saturday opened "Baitun nur" (House of Light, in Urdu), the country's largest Muslim mosque built in western Calgary by the Ahmadiyya Muslim community of Pakistan.The 4,500-square-meter (48,500-square-foot), 15-million dollar structure shows...
A contract for data connectivity services was signed between Prime Bank Ltd and BRAC BDMail Network Ltd (BracNet) in the city recently.Chief Executive Officer of BracNet Mohammad Abdur Rab and Deputy Managing Director of Prime Bank Ltd RQM Forkan signed...
BRUSSELS, July 6 (AFP): France faces the tough task of piloting Europe past financial market turmoil and record oil prices when it takes the helm of European economic policy this week under a cloud of controversy.French Finance Minister Christine Lagarde...
Jennifer Hughes | 2008-07-07 00:00:00
Accounting rule-makers are so steeped in theory and academia that they risk endangering the smooth functioning of the world's capital markets, according to a senior industry figure.Michael Starkie, chief accountant of BP, has attacked the competence of the International Accounting...
Dilu and Bishunath of Gulshan Club won their respective Premier Division matches of the Delta Life Open Squash Tournament by straight 3-0 sets at the Dhaka Club in the city Sunday, reports UNB.In the Premier Division, Dilu crushed Zein Omar...
LONDON, July 6 (AFP): England captain Michael Vaughan has insisted his longstanding knee problem won't prevent him from getting through all four Tests of the upcoming series with South Africa after undergoing a fresh course of injections Saturday.The team head...
Our Correspondent | 2008-07-07 00:00:00
CHITTAGONG, July 5: The primary alignment design of the Marine Drive to be constructed from Potenga to Fauzderhat involving Tk 100 billion has been prepared.A team of Japanese specialists have prepared the design with a proposal of constructing embankment-cum-4 lane...
MADRID, July 6 (AFP): Despite record crude prices, the major oil companies are struggling to access resources that are being jealously guarded by national companies with whom they are forced to establish partnerships.As paradoxical as it may seem, high oil...
Centre on Integrated Rural Development for Asia and the Pacific (CIRDAP), the prime regional forum for rural development of 14 countries of Asia Pacific region including Bangladesh Sunday celebrated its 29th founding anniversary at its headquarters in Dhaka, reports BSS.The...
US President George W Bush has said he remains concerned about North Korea's alleged enrichment of uranium and other security issues, reports BBC.But, speaking after talks with Japanese PM Yasuo Fukuda ahead of Monday's G8 summit in Japan, he acknowledged...
HONG KONG, July 6 (AFP): Mancy Li wants to get her hands on Apple's newest version of the iPhone, but she won't bother to queue up in Hong Kong when it is released in Asia this week."I want to get...
Foreign Secretary David Miliband has said it is "imperative" there is a new government in Zimbabwe, after meeting refugees in South Africa, BBC reports.He said he would redouble efforts to ensure Robert Mugabe's regime was not seen as "a legitimate...
Letters from British royals soldat auction of servant's collectionLONDON, Jul 6: Memorabilia belonging to a former British royal servant -- including a letter from the late princess Diana after the birth of Prince William -- shattered pre-sale estimates at auction...
LONDON, July 6 (UNB): British Education Travel Association (BETA) will host the Parliamentary Reception at the Terrace of House of Commons in British Parliament, today (Monday) to mark the 6th founding anniversary of BETA.Minister for Tourism Margaret Hodge MBE will...
LONDON, July 6 (AFP): Venus Williams outhit younger sister Serena to claim her fifth Wimbledon crown in exhilarating fashion here Saturday.The defending champion recovered from a whirlwind start by her younger sister to land her seventh Grand Slam title courtesy...
TOYAKO, Japan, July 6 (AFP): Leaders of the world's richest countries began arriving in northern Japan today for a summit aimed at tackling red-hot food and oil prices that could derail global economic growth.Authorities sealed off Japan's northern island of...
Baroness Tonge will arrive in city today (Monday) on a three-day visit to officially launch the Dhaka Initiative's report on 'Bihari Settlements in Bangladesh.'The Dhaka Initiative was set up to establish the wishes of the Biharis and help them achieve...
HONG KONG, July 6 (AFP): Major Asian currencies ended the week mainly lower against the dollar as US jobs data was not as bad as feared, although concern persisted over the state of the world's largest economy.JAPANESE YEN: The yen...
Jasim Uddin Haroon | 2008-07-07 00:00:00
The fares of different modes of transports, especially those which carry goods, rose sharply following price hike of fuel oil threatening to destabilise the price of consumer items further, market operators told the FE Sunday.The average truck fares on different...
FE Report | 2008-07-07 00:00:00
The government borrowed Tk 9.00 billion (900 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 9.00 billion from the market in the week.The central bank conducted auctions of 91-day, 182-day and 364-day bills on...
The government has decided to allow trade union activities on a limited scale by easing some sections of the Emergency Powers Rules (EPR), Local Government, Labour and Employment Adviser Anwarul Iqbal said Sunday, reports bdnews24.com.The Adviser told newsmen that prior...
FE Report | 2008-07-07 00:00:00
Remittances sent by Bangladeshis working abroad reached nearly US$8.00 billion, a record in the country's history, in the just concluded fiscal, marking a 32.80 per cent growth over the same period of the last fiscal.The flow of remittance in fiscal...
Francesco Guerrera in New York, Krishna Guha in Washington and Javier Blas in LondonFT Syndication ServiceTHE spectre of inflation returned to haunt the global economy last week as companies ranging from Dow Chemical of the US to South Korea's Posco...
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