LONDON, June 5 (Reuters): Britain's Vodafone confirmed Thursday that Verizon Wireless, in which it has a 45 per cent stake, was in advanced talks about buying US rural mobile service provider Alltel Corporation.Verizon Wireless is close to buying Alltel for...
A special court Thursday summarily rejected the bail prayer of detained former Prime Minister and Awami League president Sheikh Hasina in the Niko graft case, reports UNB.Passing the order, Judge AK Roy said since the state of emergency is in...
ISLAMABAD, Jun 5 (PTI): Iran will mediate between India and Pakistan to end a deadlock on the issue of transit fees to be paid by New Delhi for gas transported through a 7.5-billion dollar pipeline to be built by the...
ONE Bank Limited arranged a traditional Mejbun in Chittagong recently.Renowned businessmen and industrialists, high officials from government, non-government, military and non-military organisation, chief personnel from different foreign missions and other renowned persons attended the Mejbun.Chairman of the bank Sayeed H...
FE Report | 2008-06-06 00:00:00
Mercantile Bank Limited celebrated its 9th founding anniversary recently.A function was held in the city to mark the day.Mercantile Bank Chairman Mosharref Hossain, First Vice Chairman ASM Feroz Alam, Executive Committee Chairman AKM Shaheed Reza, directors MS Ahsan, M A...
A security guard was killed by unidentified miscreants at Shewrapara in the city late Wednesday night, reports UNB.The victim was identified as Abdul Motaleb (40), security guard of Orion Security Services.The police said several criminals hit him with sharp weapons...
JAKARTA, June 5 (AFP): Indonesia's central bank (BI) raised its key policy rate by 25 basis points to 8.50 per cent today to counter rising inflation from surging commodities prices.The bank assured markets, which had been expecting a larger rise,...
The most important feature of a successful business environment is the confidence on the part of the members of the business community that they can rely on positive conditions that make up the external environment of their businesses. These conditions...
NEW YORK, June 5 (Reuters): US private-sector employers added 40,000 jobs in May, according to a private report Wednesday by ADP Employer Services that defied Wall Street's expectations of a fall.The ADP data release comes ahead of the government's monthly...
Ricky Ponting has admitted Australia's bowling attack has "come back to the pack a little bit in Test cricket" as they struggle to match the Warne-McGrath era. Australia were unable to force a result in the second Test in Antigua...
Amy Kazmin | 2008-06-06 00:00:00
FT Syndication ServiceBANGKOK: Vietnam's foreign business community is warning that rapid inflation, growing labour unrest and a real estate bubble could erode the communist-ruled country's appeal as an investment destination.At the recent annual meeting of the country's authorities and members...
Joe Leahy in Mumbai and Amy Yee in New DelhiFT Syndication ServiceIndia's Congress party-led government increased prices at the nation's fuel pumps Wednesday, prompting a backlash from rival parties and threats of street protests.The government raised retail prices of petrol,...
SINGAPORE, June 5 (AFP): Oil prices slipped in Asian trading Thursday amid fresh concerns of weakening global growth which could dampen energy demand, analysts said.A firmer US dollar, which makes dollar-denominated commodities like crude more expensive for foreign buyers, was...
Dividends | 2008-06-06 00:00:00
Sandhani Life Insurance: The board of directors of Sandhani Life Insurance has recommended 25 per cent stock dividend for the year that ended on December 31, '07. The annual general meeting of the company will be held at the LGED...
Raphael Minder in Singapore and Demetri Sevastopulo in WashingtonFT Syndication ServiceEnergy-hungry Asian countries could increase military tensions as they struggle to secure more natural resources, according to the commander of US forces in the region.Admiral Timothy J. Keating, who heads...
FE Report | 2008-06-06 00:00:00
The country's overall import dropped significantly in May over that of the previous month following less procurement of food grains particularly rice from abroad, officials said.Opening of fresh letters of credit (LCs) against imports dropped by 27. 15 per cent...
Former caretaker government adviser Sultana Kamal and two others Thursday filed a writ petition with the High Court challenging some provisions of the emergency powers rules (EPR), reports bdnews24.com.The appeal challenged the provisions of the EPR that "deny people the...
CAPE TOWN, June 5 (AFP): African leaders revelled in their continent's economic growth at the World Economic Forum (WEF) on Africa yesterday, while warning that poverty and instability still posed threats to development.Five presidents from across the continent were upbeat...
FE Report | 2008-06-06 00:00:00
Dhaka stocks gained for the third straight session Thursday with moderate fall in the turnover.Mostly insurance, leasing, IT and, power and energy issues gained while bank shares fell due to profit taking on the day.Trading on the Dhaka Stock Exchange...
SKorea protester sets himself | 2008-06-06 00:00:00
alight in beef protestSEOUL, June 5: A South Korean man was in a critical condition in hospital Thursday, police said, after setting himself on fire in protest at government plans to resume imports of US beef. Police said the 56-year-old,...
A special court in the city Thursday sentenced former chief conservator of forest Osman Gani to 12 years' rigorous imprisonment for amassing wealth beyond his known sources of income and concealing information in the wealth statement, reports BSS.His wife, Mohsenara...
In 1983 the Swedish Parliament proclaimed June 6 as Sweden's National Day and, as of 2005, this day is also a public holiday. However, ever since the early part of the last century June 6 has been observed as "The...
Never let it be said that Kevin Pietersen is not a man for a crisis. Three months on from his series-saving century on the first morning of the third Test in Napier, Pietersen was back in the runs in similar...
The Indian High Commission Thursday said the requirement of foreign exchange endorsement to passports is one of the pre-requisites for obtaining an Indian visa and this has been in existence for the last several years, reports UNB.A press release said...
Faridul Islam | 2008-06-06 00:00:00
DEFICIENCIES in key infrastructure such as power, railways and roads, seriously hamper export growth, investment, and opportunities for transport integration within Bangladesh and also regionally, where possible, for better business. Power is the biggest logjam in physical infrastructure. Per capita...
FE Report | 2008-06-06 00:00:00
The inter-bank call money rate marked rise Thursday ignoring central bank's use of repurchase agreement tool to inject large amount of fresh cash into the market. The US dollar, however, remained steady against Bangladesh taka (BDT) in the inter-bank foreign...
President Iajuddin Ahmed and Chief Adviser (CA) Fakhruddin Ahmed have greeted their Swedish counterparts on the occasion of their National Day that falls Friday, reports UNB.In a message to King Carl XVI Gustaf, Iajuddin said Bangladesh and Sweden enjoyed excellent...
The government has formed a jury board for national film award for the year 2004, 2005, 2006 and 2007, reports UNB.An additional secretary of Information Ministry will act as president of the 11-member board, said an official handout Thursday.The board...
The interim government initially created widespread enthusiasm. It seemed to people --at one stage -- as if this government would sweep away all the ills from our national life, very soon.It is not that this confidence on the whole is...
KUALA LUMPUR, June 5 (AFP): Malaysia's government faced demonstrations and public outrage today over its decision to hike petrol prices 40 per cent overnight, in a bid to curb its massive subsidies bill. "The fuel increase is both economically inefficient...
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