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Dollar weak in Asia

2007-11-20 00:00:00

TOKYO, Nov 19 (AFP): The dollar was weak in Asian trade today in the wake of soft US economic news as investors wondered about the US Federal Reserve's interest rate policy action next month, dealers said. Trade moved in tight...

Pak kitchen items stable

2007-11-20 00:00:00

In most Sunday bazaars in Pakistan, the 20-kilogram flour bag was sold at Rs 285 as compared to the open market price of Rs 300 to Rs 305. Among other kitchen items, sugar sold at Rs 28 to 29 per...

Tea prices for Malawi remain low

2007-11-20 00:00:00

LUSAKA, Nov 19 (Xinhua): Tea prices for Malawi continue to be low largely because the auction system in the country still has a low number of buyers, according to a report posted on the website of The Nation newspaper of...

Yunus for establishing a 'social stock market'

2007-11-20 00:00:00

MUMBAI, Nov 19 (BSS): Emphasising that the term 'business' has been misinterpreted by economists as just wealth creation, Bangladeshi Nobel laureate Muhammad Yunus Sunday called for establishing a 'social stock market' in which companies doing good for society will be...

EXIM Bank signs deal with BEPS

2007-11-20 00:00:00

FE ReportExport Import Bank of Bangladesh Ltd has recently signed an agreement with the Bangladesh Electronic Payments System (BEPS) for implementing VISA branded islamic card (both local and international).With the introduction of islamic card, the bank will be able to...

DCCI's concern over price hike of essentials in post-cyclone period

2007-11-20 00:00:00

FE ReportThe Dhaka Chamber of Commerce and Industry (DCCI) expressed its deepest concern over the recent price hike of essential commodities including agricultural products. It is a grave and common concern for all that the prices are rising at a...

Acute manpower crisis hampers activities in C'WASA

2007-11-20 00:00:00

Our CorrespondentCHITTAGONG, Nov 19: Normal activities of Chittagong Water Supply and Sewerage Authority (C'WASA) are being seriously hampered due to shortage of adequate manpower, sources said.According to the C'WASA sources, C'WASA Board comprises of one chairman and three permanent members....

Seed crisis for Boro farming looms large in B'baria

2007-11-20 00:00:00

Our CorrespondentBRAHMANBARIA, Nov 19: An acute crisis of Boro seeds has been prevailing all over the district threatening the ensuring Boro cultivation, sources said.According to the Department of Agriculture Extension (DAE) sources, a total of 1,04,200 hectares of land have...

Aristopharma sponsors seminar on management of chronic angina

2007-11-20 00:00:00

FE ReportCardiac Centre of Bangabandhu Sheikh Mujib Medical University (BSMMU) recently organised a seminar on Management of Chronic Stable Angina-New Concept. Aristopharma sponsored the seminar. In the seminar Dr Manjoor Mahmood discussed a new concept in the management of chronic...

Grameenphone restores coverage in most areas

2007-11-20 00:00:00

FE ReportGrameenphone Ltd has been able to restore coverage in almost all areas within its network around the country.Disruption in the power supply resulted in many base-stations going out of service. However, Grameenphone was able to keep 70 per cent...

Orascom donates Tk 350m for cyclone victims

2007-11-20 00:00:00

Orascom Telecom, holding company of Banglalink, has announced a contribution of Tk 350 million (3.5 crore) for the victims of the cyclone SIDR. This fund will be utilised for the worst-hit families in the affected areas.Commenting on this devastation, Chairman...

CSE president for removing scarcity of good shares

2007-11-20 00:00:00

FE ReportNewly elected Chittagong Stock Exchange (CSE) President Nasiruddin Ahmed Chowdhury urged the finance ministry to take measures to offload government owned shares to the private sector and meet the scarcity of good shares in the stock market. Nasiruddin Ahmed...

IBBL organises training course

2007-11-20 00:00:00

FE ReportInternational Banking Wing of Islami Bank Bangladesh Limited (IBBL) organised a training course on "Spot Cash Operations" at its head office in the city Monday.IBBL executive committee Chairman Mominul Islam Patwary inaugurated the training course as the chief guest...

Safiullah re-elected BCCAMEA president

2007-11-20 00:00:00

FE ReportThe 17th annual general meeting (AGM) of Bangladesh Corrugated Carton and Accessories Manufacturers and Exporters Association (BCCAMEA) was held at a city hotel recently. A large number of members of the Association attended the meeting. The annual report, auditor's...

'Smile-brighter' programme of DBBL ends at Mirzapur

2007-11-20 00:00:00

FE ReportDutch-Bangla Bank Limited (DBBL) organised a three-day 'Smile-Brighter' programme at Kumudini Medical College and Hospital at Mirzapur in Tangail recently as part of its corporate social responsibility.A plastic surgery team headed by noted plastic surgeon Sharif Hasan conducted the...

Business team participates in Intrade Malaysia-'07

2007-11-20 00:00:00

FE ReportA 49-member Bangladesh business delegation sponsored by the Bangladesh Malaysia Chamber of Commerce and Industry (BMCCI) participated in the Intrade Malaysia 2007 held in Kuala Lumpur recently. Prime Minister Dato Seri Abdullah Ahmed Badawi and Minister of International Trade...

Asian stocks decline

2007-11-20 00:00:00

SINGAPORE, Nov 19 (Bloomberg): Asian stocks fell, led by China Mobile Ltd. and Mitsui & Co., after Chinese regulators told banks to cool lending that has fueled the world's fastest economic expansion. China Mobile, the world's largest mobile-phone operator by...

Gerdau agrees to acquire quanex steel unit for $1.67b

2007-11-20 00:00:00

NEW YORK, Nov 19 (Bloomberg): Gerdau SA, Latin America's largest steelmaker, agreed to acquire Quanex Corp.'s vehicular steelmaking unit for $1.67 billion. Gerdau will pay $39.20 a share in cash, Houston-based Quanex and Porto Alegre, Brazil-based Gerdau said today in...

European stocks erase gains

2007-11-20 00:00:00

LONDON, Nov 19 (Bloomberg): European stocks erased earlier gains. BHP Billiton Ltd. and Anglo American Plc, the world's biggest mining companies, followed a slump in commodity prices. The Dow Jones Stoxx 600 Index fell 0.1 per cent to 362.2 as...

corporate watch

2007-11-20 00:00:00

Announcement of AGM dateAftab Automobiles: The 27th annual general meeting (AGM) of Aftab Automobiles Limited will be held on December 17, 2007 at 9:30 am at Officers Club at Baily Road in the city. Other information of the AGM of...

Pak SC clears Musharraf's continued rule

2007-11-20 00:00:00

ISLAMABAD, Nov 19 (AP): A Supreme Court (SC) hand-picked by President Pervez Musharraf swiftly dismissed legal challenges to his continued rule Monday, opening the way for him to serve another five-year term - this time solely as a civilian president.The...

Iran won't use oil as weapon if attacked: Ahmadinejad

2007-11-20 00:00:00

RIYADH, Nov 19 (REUTERS): Iran's President Mahmoud Ahmadinejad said Sunday his country would not use oil as a weapon even if it is attacked by the United States (US) over Tehran's disputed nuclear program. "We would never like to use...

Olmert to meet Abbas, seek prisoner release

2007-11-20 00:00:00

JERUSALEM, Nov 19 (Reuters): Israeli Prime Minister Ehud Olmert asked his cabinet Monday to release up to 450 Palestinian prisoners ahead of talks with Palestinian President Mahmoud Abbas on a US-sponsored conference on statehood. The meeting between the two leaders...

Japan ruling bloc loses first election under Fukuda

2007-11-20 00:00:00

TOKYO, Nov 19 (AFP): Japan's opposition said Monday the tide was turning against the ruling bloc after its candidate was voted mayor of Osaka in the first election under Prime Minister Yasuo Fukuda. The opposition-supported candidate ousted the incumbent backed...

Suu Kyi leaves home for meeting

2007-11-20 00:00:00

YANGON, Nov 19 (AFP): Myanmar's detained democracy leader Aung San Suu Kyi left her home for about one hour Monday for a meeting in a government guest house, witnesses told the news agency. Witnesses said a convoy picked up the...

China to replace foreign satellites

2007-11-20 00:00:00

BEIJING, Nov 19 (AFP): China is aiming to replace all its imported communications and broadcast satellites with home-made ones by 2010 as part of efforts to reduce its reliance on overseas technology, state media said Monday. The nation will step...

Three US troops killed in Iraq suicide attack

2007-11-20 00:00:00

BAGHDAD, Nov 19 (AFP): Three American soldiers were killed in a suicide attack on Sunday during combat operations in the Iraqi city of Baquba, north of Baghdad, the US military said. The military said in a statement the soldiers were...

27 trapped in Australian mine

2007-11-20 00:00:00

SYDNEY, Nov 19 (AFP): A gold mine collapsed in Australia early Monday, trapping 27 workers underground, the police said. The miners were believed to be unhurt and had gathered in a safety chamber one kilometre (0.6 miles) underground, with 30...

65 die, 35 missing in Ukraine coalmine blast

2007-11-20 00:00:00

KIEV, Nov 19 (XINHUA): The Emergency Situations Ministry of Ukraine has put the death toll in Sunday's coal mine explosion in eastern Ukraine at 65. "The death toll has climbed to 65 and the fate of 35 others is still...

10 Tamil rebels shot dead

2007-11-20 00:00:00

COLOMBO, Nov 19 (AFP): Sri Lankan security forces killed at least 10 Tamil Tiger rebels, the defence ministry said Monday. Troops shot dead the 10 members of the Liberation Tigers of Tamil Eelam (LTTE) in separate clashes in the north...