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Sad truths about despair

2007-11-06 00:00:00

Salamander DavoudiALISON Cowan was on a fast-track career path in a large London marketing agency when, at the age of 27, she had a breakdown relating to clinical depression.Her employers asked her to tell colleagues she had a virus. They...

Hillary wins endorsement of public employees union

2007-11-06 00:00:00

Kim ChipmanDemocratic presidential frontrunner Hillary Clinton gained the endorsement of the American Federation of State, County and Municipal Employees today, giving her campaign the support of the biggest labor group in Iowa. ``This is the Democrat who can win the...

US trade chief begins talks with Vietnam

2007-11-06 00:00:00

HANOI, Nov 5 (Agencies): US Commerce Secretary Carlos Gutierrez began trade talks today in Vietnam, a former war enemy whose Communist government has been steadily opening the country up to outside investment. He was welcomed by Prime Minister Nguyen Tan...

Charter flights herald tourism season in Kerala

2007-11-06 00:00:00

Thiruvananthapuram, Kerala, Nov 5 (Internet): The new tourism season in Kerala got off to a start late last week with the arrival of two chartered flights from Britain, carrying more than 500 British tourists.This was in keeping with the pattern...

Citigroup may write off $11b mortgage losses

2007-11-06 00:00:00

NEW YORK, Nov 5 (Reuters): Charles Prince resigned yesterday as chairman and chief executive of Citigroup Inc, as the bank said it may write off $11 billion of subprime mortgage losses, on top of a $6.5 billion write-down last quarter....

Foreign-invested microfinance co set up in China

2007-11-06 00:00:00

BEIJING, Nov 5 (Xinhua): MicroCred Nanchong, the first wholly foreign invested company in China offering microfinance services, has started trial operation in Nanchong City in the southwestern Sichuan Province. The bank with an aggregate investment of 55 million yuan (about...

Malaysia's trade surplus up 30pc in September

2007-11-06 00:00:00

KUALA LUMPUR, Nov 5 (Xinhua): Malaysia's trade surplus surged 29.9 per cent to 11.45 billion ringgit (3.43 billion US dollars), compared with the previous month, the ministry of international trade and industry announced today. It was the 119th consecutive month...

ASEAN, China sign pacts on transport cooperation

2007-11-06 00:00:00

SINGAPORE, Nov 5 (Xinhua): Initiatives to facilitate air travel and maritime flows were agreed by transport ministers from the Association of Southeast Asian Nations (ASEAN) and China Friday. The agreements was reached at the sixth ASEAN-China transport ministers meeting in...

Next hurdle for Ford, UAW will be selling contract proposal

2007-11-06 00:00:00

DETROIT, Nov 5 (Internet): Over the next few weeks, Ford Motor and the United Automobile Workers union each are faced with the challenge of selling their tentative contract as the best they could get in light of Ford's decline.Industry analysts...

Next hurdle for Ford, UAW will be selling contract proposal

2007-11-06 00:00:00

DETROIT, Nov 5 (Internet): Over the next few weeks, Ford Motor and the United Automobile Workers union each are faced with the challenge of selling their tentative contract as the best they could get in light of Ford's decline.Industry analysts...

Oil falls from record in New York as Turkey-Iraq tension abates

2007-11-06 00:00:00

NEW YORK, Nov 5 (Bloomberg): Oil fell from a record after Kurdish fighters freed eight Turkish soldiers, reducing concern that Turkey may attack the north of Iraq, holder of the world's third-largest crude reserves. The Kurdistan Workers' Party, or PKK,...

Dollar mixed amid fresh subprime worries

2007-11-06 00:00:00

TOKYO, Nov 5 (AFP): The dollar was mixed in Asian trade Monday, rebounding from record lows against the euro despite renewed concerns over the fallout from a global credit squeeze, dealers said. The euro edged down to 1.4487 dollars in...

Gold inches down, but stays bullish above $800

2007-11-06 00:00:00

TOKYO, Nov 5 (Reuters): Gold edged down Monday, but held firm above $800 an ounce due to surging oil prices, a weak dollar and more fallout from the global credit market turmoil.Traders were focusing whether the cash price could break...

Nepal's garment export plummets by 31pc

2007-11-06 00:00:00

KATHMANDU, Nov. 5 (Xinhua): Nepal's ready-made garments export plummeted by 31 per cent to 0.99 million U.S. dollars in October, according to the Garment Association Nepal (GAN). The ready-made garment exports stood at 22.92 million dollars in the first 10...

UAE to review constn workers’ wages

2007-11-06 00:00:00

DUBAI, Nov 5 (PTI): Faced with increasing number of strikes by foreign workers, mainly calling for salary hikes, the UAE cabinet yesterday asked the labour ministry to collaborate with construction companies to prepare proposals on the issue of salaries of...

Crackdown highlights India's cycle of child labour

2007-11-06 00:00:00

NEW DELHI, Nov 5 (AFP): Mohammed Tauheer, a poor office helper, fought back tears as he was shown the door at a police station where his sons were being questioned after a rescue operation for child workers. "Believe me, they...

Vietnam earns more from rice export in 10 months

2007-11-06 00:00:00

HANOI, Nov. 5 (Xinhua): Vietnam earned nearly 1.4 billion U.S. dollars from shipping rice abroad in the first 10 months of this year, posting a year-on- year rise of 12.7 per cent, despite lower export volume. Between January and October,...

Independence hero to grace new ROK banknotes

2007-11-06 00:00:00

SEOUL, Nov 5 (AFP): An independence hero and a renowned female scholar have been picked to adorn South Korea's new higher- denomination banknotes to be issued in early 2009, the central bank said today. Kim Koo, who headed the country's...

Call to accelerate BSCIC action for employment generation

2007-11-06 00:00:00

RAJSHAHI, Nov 5 (BSS): Chairman of Bangladesh Small and Cottage Industries Corporation (BSCIC) Mohbubur Rahman has asked the concerned officials and employees to accelerate BSCIC activities for creating employment opportunities. He made the call while addressing a review meeting at...

DBBL opens its new branch at Ctg

2007-11-06 00:00:00

FE ReportDutch-Bangla Bank Ltd (DBBL) has opened its new branch on Jubilee Road in Chittagong with online banking facility. It is the 42nd branch of the bank. Managing Director (MD) of the bank Md Yeasin Ali, along with Additional Managing...

Teletalk launches new prepaid package

2007-11-06 00:00:00

FE ReportTeletalk Bangladesh Ltd, state-owned mobile phone operator, Monday launched a new prepaid package with reduced tariff rate to attract new customers.The package styled 'Swadhin' would allow a Teletalk subscriber to talk at a flat rate of Tk 0.25 per...

NYK Ship Management opens office in Dhaka

2007-11-06 00:00:00

FE Report NYK Ship Management Pte. Ltd, a subsidiary of the NYK Shipping Line, inaugurated its Bangladesh office in Dhaka to open a new horizon to the maritime manpower sector in the country. This is the first shipping company to...

Army initiates pisciculture in 34km Teesta barrage canal

2007-11-06 00:00:00

Our CorrespondentNILPHAMARI, Nov 5: To reduce poverty among the extremely poor people in the 'monga' prone region, the army initiated a big pisciculture project in the 34-kilometre main canal of Teesta barrage. In a simple ceremony recently Mokhlesur Rahman, deputy...

Businessmen yet to regain lost confidence, says DCCI chief

2007-11-06 00:00:00

Businessmen are yet to regain their lost confidence even after the government took initiative to dispel the confusions created from its actions."This will take time… once lost it takes a while to get back confidence," Dhaka Chamber of Commerce and...

Mutual Trust Bank holds managers' confce

2007-11-06 00:00:00

FE ReportA managers' conference of Mutual Trust Bank was held at a city hotel Saturday, said a press release.Managing Director (MD) of the bank Kazi Md Shafiqur Rahman presided over the meeting, said a press release.Among others, Deputy Managing Director...

Most Asian markets fall

2007-11-06 00:00:00

BANGKOK, Nov 5 (AP): Most Asian markets fell on renewed worries about fallout from US credit problems and mortgage-backed securities, while Hong Kong posted its biggest one-day point loss on reports of a delay in a new investment policy.Share values...

Global Insurance hails Mubasshar as chairman of ARCAsia

2007-11-06 00:00:00

FE ReportThe board of directors of the Global Insurance Ltd felicitated its founder-chairman Mubasshar Hussain on his election as the chairman of the Architects Regional Council Asia (ARCAsia) at its 2nd annual conference held in Colombo, Sri Lanka. Global Insurance...

Walton opens showroom at Baralekha

2007-11-06 00:00:00

FE ReportAs part of its plan to establish executive showrooms all over the country, Walton, an electrical, electronics and automobiles brand of the country, has inaugurated such a showroom at Baralekha in Moulvibazar recently. Senior Deputy Director of the company...

PetroChina shares more than double in Shanghai debut

2007-11-06 00:00:00

SHANGHAI, Nov 5 (Reuters): Shares in PetroChina more than doubled in their market debut Monday after it raised $9.0 billion in the world's biggest initial public offering (IPO) this year, surging past analysts' expectations as crude prices neared US$100. China's...

IFS delivers Google-Style search

2007-11-06 00:00:00

IFS, the global enterprise applications company recently delivered an integrated enterprise application search (EAS), making it the first and only top-tier enterprise application vendor (ERP) to embed this critical functionality within an ERP system. EAS gives information workers access to...