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Greenback steady against BDT

2008-02-10 00:00:00

Sarwar Zahan US dollar was steady against Bangladesh taka (BDT) in the inter-bank foreign exchange market last week although the demand for the greenback was higher, fund managers said. The increased inflow of remittance nourished the supply line to keep...

ICB AMCL declares NAV of two unit funds

2008-02-10 00:00:00

FE ReportThe Asset Management Company Limited (AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), has declared net asset values (NAV) of its two unit Funds.The total NAV of ICB AMCL Unit Fund stood at Tk 613,272,295.61 on the basis...

Prime Finance appoints Sannamat as MD

2008-02-10 00:00:00

FE ReportMd Akter H Sannamat has been appointed managing director of Prime Finance and Inves-tment Ltd recently.Prior to this appointment, Sannamat was the deputy managing director of the company. He worked for major areas of operations including investment, treasury, finance,...

Global stock markets lose $5.2t in January

2008-02-10 00:00:00

NEW YORK, Feb 9 (AFP): Global stock markets were walloped with a collective loss of US$5.20 trillion in the month of January as investors scurried for cover in the face of economic uncertainty, a report showed Friday. Standard & Poor's,...

Pubali Bank holds regional managers' conference

2008-02-10 00:00:00

FE ReportPubali Bank Limited held regional branch managers' conference-08 in Moulvibazar recently.General Manager (GM) and Chief Financial Officer of the bank ATM Hasanuzzaman was present on the occasion as the chief guest.DGM Arun Chandra Sarker, regional head of Moulvibazar, presided...

Indian shares to slip further this week

2008-02-10 00:00:00

MUMBAI, Feb 9 (AFP): Indian share prices were seen slipping further this week in the absence of fresh overseas inflows and increasing investor worry over the global economic outlook, dealers said. They said uncertain global market trends could impact emerging...

Wall St. tumbles as economic stimulus gets green light

2008-02-10 00:00:00

NEW YORK, Feb 9 (AFP): US stock markets tumbled heavily in the week to Friday, giving Wall Street a fresh battering, despite Congress granting a green light to a giant economic stimulus package sought by the White House. The plan,...

US SEC may seek more disclosure by credit raters

2008-02-10 00:00:00

WASHINGTON, Feb 9 (Reuters): The US Securities and Exchange Commission (SEC) may propose requiring credit rating agencies to differentiate between corporate bonds and structured finance products as well as make disclosures around past ratings, the agency's chairman said Friday. Chairman...

Iran to privatise $90b of energy assets

2008-02-10 00:00:00

DUBAI, Feb 9 (Reuters): Iran plans to privatise 47 firms in its energy sector worth US$90 billion and set up a holding company for these assets which it will list on four international exchanges, a National Iranian Oil Company (NIOC)...

Month-long handloom fair begins in Noakhali

2008-02-10 00:00:00

NOAKHALI, Feb 9 (UNB): A month-long handloom fair began on the premises of local Textile Facilities Centre at Choumohani Friday on the occasion of International Mother Language Day.Textile and Jute Adviser M Anwarul Iqbal inaugurated the fair organised by the...

Alcatel-Lucent sees loss

2008-02-10 00:00:00

PARIS, Feb 9 (AP): Telecommunication equipment titan Alcatel-Lucent sees global economic woes causing it uncertainty in 2008 after the newly merged company survived a choppy 2007, reporting a fourth-quarter loss Friday and scrapping its dividend for last year.

Citizenship on hold for many immigrants

2008-02-10 00:00:00

WASHINGTON, Feb 09 (AP): President Bush is asking Congress to spend money to help businesses root out illegal workers but he did not request additional funds to help legal immigrants become American citizens more quickly. In his budget proposal issued...

Turkish parliament votes to lift headscarf bans

2008-02-10 00:00:00

ANKARA, Feb 09 (Internet): The Turkish parliament Saturday voted to lift a ban on the wearing of Islamic-style headscarves at universities with the first of two proposed constitutional changes receiving a solid majority of votes in favour. Some 403 deputies...

Bin Laden, Omar not operating in Pakistan

2008-02-10 00:00:00

ISLAMABAD, Feb 9 (Reuters): Pakistan rejected Saturday a United Sates (US) official's assertion that al Qaeda leader Osama bin Laden and Taliban leader Mullah Omar are operating from Pakistani territory. A senior US administration official told reporters in Washington Bin...

Harsh winter kills over 750 in Afghanistan

2008-02-10 00:00:00

KABUL, Feb 9 (Reuters): More than 750 people have perished as a result of severe cold and heavy snowfalls this winter across Afghanistan, a government official said Saturday. The cold spell, the worst in decades in the impoverished and mountainous...

S Korea to keep ministry on North

2008-02-10 00:00:00

SEOUL, Feb 9 (Reuters): South Korean lawmakers have agreed to spare the ministry responsible for relations with North Korea and reject a call for its closure made by the president-elect, local media reported Saturday. President-elect Lee Myung-bak, who takes office...

Lankan troops kill 44 Tigers in north

2008-02-10 00:00:00

COLOMBO, Feb 9 (Reuters): Sri Lankan troops have killed at least 29 Tamil Tiger rebels, taking the two-day death toll to 44 amid fresh fighting in the island's north, the military said Saturday. Friday's fighting along a 'border' that separates...

My visit to India

2008-02-10 00:00:00

Sifat siddiquei "Attention please! Within a very short period we will reach our destination at New Delhi. The train has been delayed by 50 minutes. Thank you!" The feminine announcement raised goose bumps of excitement on me as I was...

Gantha's literary afternoon

2008-02-10 00:00:00

Nahid Kaiser TomaGantha, the reading circle of Professor Dr Niaz Zaman meets every month at Omni Books. Here many writers and poets get together to present their works, to talk about their creative writings. Besides, it offers a platform for...

Bringing rhythm in study habit for efficiency

2008-02-10 00:00:00

M A IslamONE of the reasons why many students do not enjoy studies because they consider it as too boring for them. In order to enjoy studies, one should make a rhythm of one's study habit. One's rhythm can be...

The Ho Chi Minh trail to an MBA

2008-02-10 00:00:00

Sarah Murray WITH cranes dominating the skyline and the sound of hammering and drilling filling the air, it is clear that Ho Chi Minh City, Vietnam's commercial capital, is in an expansive mood. And as the city's skyline rises, so...

Best art

2008-02-10 00:00:00

Hasan ShahrearHow can one draw the picture of love?With pen and pencil or with two hearts.Two hearts together makes a great art.They flow in each other's vain.This great picture is made by man and woman.One's breath is another's lifeWhen music...

Academic feat

2008-02-10 00:00:00

Shahryar Tashreef, a student of Oxford International School, secured highest grade 'A' in all seven subjects in 'O' level International Examinations held in November 2007 under University of Cambridge. Shahryar is the youngest son of Dr. M. Mustafa Kamal, ex-...

Quotable quotes

2008-02-10 00:00:00

The greatest gift you can give another is the purity of your attention.-- Richard MossIf at first you don't succeed, try, try, again. Then quit. There's no use in being a damn fool about it.-- W.C. FieldsForgive your enemies, but...

P2P cuts costs for ISPs

2008-02-10 00:00:00

Marguerite ReardonPeer-to-peer technology has gotten a bad rap for years, but a group of Internet service providers led by Verizon Communications is working to harness the technology to reduce network traffic and speed up video downloads on the Web. Since...

Microsoft bids for yahoo, as google's business shows

2008-02-10 00:00:00

Robert WeismanMicrosoft Corp. made a well-timed move to check Internet search goliath Google Inc. in the multibillion-dollar online advertising market yesterday, offering an unsolicited $44.6 billion bid to buy Yahoo Inc. and forge one of the biggest technology alliances in...

Nokia sells more sets than what next 3 vendors did together

2008-02-10 00:00:00

The worldwide mobile phone market passed a new milestone in shipments by recording over 300 million devices shipped during the fourth quarter, while experiencing slower year-over-year growth for 2007, according to IDC's Worldwide Mobile Phone Tracker. By IDC market data,...

For non-games software 2007, the best year

2008-02-10 00:00:00

U.S. retail sales of non-games software totaled $3.3 billion in 2007, a 15 per cent increase over the$2.9 billion generated in 2006, according to The NPD Group. The researchers estimate that 2007 was the best year in U.S. no-games software...

New Zealand thrash dismal England

2008-02-10 00:00:00

New Zealand bounced back from the disappointment of losing both Twenty20s against England, with an emphatic six-wicket win in the first one-dayer in Wellington. England were put on the back foot right from the outset, limping to a feeble 130...

BCB announces itineraries of Ireland, Indo-Bangla Games

2008-02-10 00:00:00

Bangladesh Cricket Board (BCB) has announced the itineraries of the home series against Ireland and the coming Indo-Bangladesh Bangla Games, reports UNB.The Ireland team, scheduled to arrive here on March 15 to play three-match ODI series, will play their first...