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Farmers stage sit-in, demand adequate fertiliser supply

2008-02-12 00:00:00

SATKHIRA, Feb 11 (UNB): Farmers Sunday staged sit-in for one and half hours from 11am in front of Sadar UNO office demanding adequate supply of fertiliser.Several hundred local Boro farmers gathered in front of the UNO office and chanted slogans...

Call rate, dollar unchanged

2008-02-12 00:00:00

FE Report The inter-bank call money rate remained unchanged Monday moving above the bank rate of 5.00 per cent due to steady pressure on, fund managers said.The US dollar was also stable despite higher demand for the greenback in the...

Six districts get new DCs

2008-02-12 00:00:00

The government has filled six vacancies of deputy commissioner (DC), according to separate circulars issued by the Establishment Ministry Monday, reports bdnews24.com. Also, MA Akmal Hossain Azad, chairman of the Forest Industries Development Corporation, has been transferred to the Agriculture...

G7 targets causes of market crises

2008-02-12 00:00:00

TOKYO, Feb 11 (Reuters): Beyond the immediate challenge of crisis containment, the Group of Seven (G7) industrialised nations promised over the weekend to fix the financial market faultlines that are destabilising the global economy.The next few months will tell whether...

SBI slashes lending rate, housing, car loans to get cheaper

2008-02-12 00:00:00

MUMBAI, (Internet): Country's largest lender State Bank of India (SBI) Monday slashed prime lending rate by 0.25 per cent to 12.50 per cent, a decision that will make housing and car loans cheaper."Benchmark prime lending rate is revised downward by...

'India, Russia must form plan to avert slowdown'

2008-02-12 00:00:00

NEW DELHI, Feb 11 (PTI): Industry body Assocham has suggested Russia and India to draw a joint action plan along with other two BRIC countries to avert an economic slowdown, which can be triggered by the financial crisis in the...

Bush to sign $152b stimulus bill to keep world's largest economy out of recession

2008-02-12 00:00:00

WASHINGTON, Feb 11 (Reuters): US President George W Bush said yesterday he would sign a $152 billion package Wednesday that is aimed at keeping the world's largest economy out of recession with tax rebates and business investment incentives. Citing private-sector...

RBA warns of more interest rate hikes

2008-02-12 00:00:00

SYDNEY, Feb 11 (AFP): Australia's central bank warned today that inflationary pressures mean interest rates may have to be raised again after being hiked last week to a 12 year high. The Reserve Bank of Australia (RBA) said in its...

Philippine budget deficit lowest in a decade

2008-02-12 00:00:00

MANILA, Feb 11 (AFP): The Philippines posted a better than expected 9.4 billion peso (229.26 million dollars) budget deficit in 2007, the lowest in 10 years, the government said today, but warned of tougher times ahead. The figure is equivalent...

‘S Africa headed for slowdown, not recession’

2008-02-12 00:00:00

JOHANNESBURG, Feb 11 (AFP): South African President Thabo Mbeki acknowledged yesterday the continent's biggest economy could be headed for a slowdown but denied that a recession was on the cards. "We might have a slowdown but that's not a recession,"...

Nepal's readymade garment export plummets by half

2008-02-12 00:00:00

KATHMANDU, Feb 11 (Xinhua): Nepal's readymade garment export plummeted by nearly 50 per cent in the year 2007 as compared with the year 2006, the Nepali national news agency RSS reported today. The report said exportation was severely affected by...

Oil prices higher in Asian trade

2008-02-12 00:00:00

SINGAPORE, Feb 11 (AFP): World oil prices continued higher in Asian trade today while supply worries outweighed concerns about the health of the United States economy, analysts said. In afternoon trade, New York's main oil futures contract, light sweet crude...

Venezuela threatens to stop US oil sales over Exxon

2008-02-12 00:00:00

CARACAS, Feb 11 (Reuters): President Hugo Chavez yesterday threatened to stop sending oil to the United States unless it halted an "economic war" that he said included an Exxon Mobil lawsuit freezing $12 billion in Venezuelan assets. The anti-American leader...

1,300 migrant workers strike in Bahrain over pay

2008-02-12 00:00:00

MANAMA, Feb 11 (AFP): Around 1,300 migrant workers helping to build a luxury coastal development in Bahrain have gone on strike to demand higher wages, a company official said yesterday. The workers are employed by the contracting firm GP Zachariades...

Dollar lower against yen

2008-02-12 00:00:00

SINGAPORE, Feb 11 (AFP): The dollar was lower against the yen in Asia today during thin post-holiday trading, dealers said. In afternoon trade the greenback was at 107.06 yen, down from 107.41 earlier and 107.32 in New York late Friday....

European spin-off of world's cheapest car in four years

2008-02-12 00:00:00

BERLIN, Feb 11 (AFP): India's top car maker Tata Motors will create a European version of the world's cheapest car within the next four years, a company executive said in an interview to be published today. "In four years, we're...

Obama defeats Clinton in Maine caucuses

2008-02-12 00:00:00

AUGUSTA, Maine, Feb 11 (AP): Barack Obama defeated Hillary Rodham Clinton in Maine presidential caucuses Sunday, grabbing a majority of delegates as the state's Democrats overlooked the snowy weather and turned out in heavy numbers for municipal gatherings. Democrats in...

Bhutto party eyes Pakistan votes with week to go

2008-02-12 00:00:00

ISLAMABAD, Feb 11 (AFP): Benazir Bhutto's husband will campaign in Pakistan's political heartland this week after a poll showed the slain opposition leader's party is the country's most popular, an aide said Monday. Asif Ali Zardari will lead a rally...

Probe shows how ovarian cancer bounces back

2008-02-12 00:00:00

PARIS, Feb 11 (AFP): Researchers said Sunday they had identified a mechanism that enables ovarian cancer-dubbed a 'silent killer' of women for the many lives it reaps-to evade frontline chemotherapy drugs and rebound. Ovarian tumours among women who have a...

Iraq draw-down may be delayed, says US defence secy

2008-02-12 00:00:00

FORWARD OPERATING BASE FALCON, Iraq, Feb 11 (AP): Defence Secretary Robert Gates Monday endorsed, for the first time, the idea of pausing the draw-down of United States (US) forces from Iraq this summer. "A brief period of consolidation and evaluation...

Iran won't back down in nuke row: Ahmadinejad

2008-02-12 00:00:00

TEHRAN, Feb 11 (Reuters): Iran will not back down 'one Iota' in its nuclear dispute with Western powers, President Mahmoud Ahmadinejad told a huge rally marking the anniversary of the 1979 Islamic revolution Monday. The West fears Tehran is covertly...

Spacewalk goes on despite switch

2008-02-12 00:00:00

HOUSTON, Feb 11 (AP): Space shuttle Atlantis' astronauts geared up for a spacewalk Monday that NASA said would remain unchanged despite a last-minute switch in crew for medical reasons. The only difference is who's going out the hatch," said flight...

Dozens killed in Sri Lanka as war death toll climbs

2008-02-12 00:00:00

COLOMBO, Feb 11 (Reuters): Two policemen were killed by a suspected Tamil Tiger roadside bomb in northern Sri Lanka Monday, while the death toll from weekend fighting rose to 75 rebels and seven soldiers, the military said. Fighting between the...

Russia to agree remaining Iraqi debt write-off

2008-02-12 00:00:00

MOSCOW, Feb 11 (Reuters): Russia is expected Monday to write off its remaining debt from Iraq, estimated at around $10 billion, without resurrecting earlier demands of preferential access to Iraqi oil fields in exchange. A Russian Finance Ministry official told...

Spacewalk goes on despite switch

2008-02-12 00:00:00

HOUSTON, Feb 11 (AP): Space shuttle Atlantis' astronauts geared up for a spacewalk Monday that NASA said would remain unchanged despite a last-minute switch in crew for medical reasons. The only difference is who's going out the hatch," said flight...

E Timor president critically injured

2008-02-12 00:00:00

DILI, East Timor, Feb 11 (AP): Rebel soldiers shot and critically wounded East Timor's president and opened fire on the prime minister Monday in a failed coup attempt in the recently independent nation. A top rebel leader was killed during...

Top Taliban leader held in Pakistan

2008-02-12 00:00:00

QUETTA, Pakistan, Feb 11 (AFP): Pakistani security forces captured and wounded top Afghan Taliban commander Mullah Mansoor Dadullah in southwestern Pakistan early Monday, a police chief said. Dadullah was seized near in the village of Gowal Ismail Zai in Pakistan's...

Asian currencies mixed against the dollar

2008-02-11 00:00:00

HONG KONG, Feb 10 (AFP): Asian currencies ended the week mixed against the dollar as worries about the US economy persisted and after finance chiefs from the Group of Seven (G7) major industrialised nations met in Japan. JAPANESE YEN: The...

Malaysia's holiday bonanza no fun for business

2008-02-11 00:00:00

KUALA LUMPUR, Feb 10 (AFP): It's Chinese New Year and Malaysia's capital is deserted once again as citizens enjoy one of the many holidays observed by a nation with an array of races and religions. But the nonstop stream of...

Pak govt rules out any edible oil crisis

2008-02-11 00:00:00

ISLAMABAD, Feb 10 (APP): The Federal Food Committee has categorically denied that any edible oil crisis was looming in the country, saying that there were sufficient stocks of the commodity. "The surge in the prices of edible oil does not...