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Enayetullah Khan's second death anniversary today

2007-11-10 00:00:00

FE Report The second death anniversary of Enayetullah Khan - founding editor of the daily New Age and editor-in-chief of the weekly Holiday - will be observed today (Saturday).Enayetullah Khan, a renowned journalist of the country, died in Toronto, Canada...

Prisoners begin hunger strike

2007-11-10 00:00:00

JHENIDAH, Nov 9 (UNB): Prisoners of the district jail began hunger strike Friday morning to protest what they said irregularities inside the jail.About 700 prisoners went on the strike protesting the supply of low quality food, high price of canteen...

Housewife violated by miscreants

2007-11-10 00:00:00

JAMALPUR, Nov 9 (UNB): A housewife was violated by two miscreants at Jamalpur Rail Station colony in the town Wednesday.Police said local infamous drug peddler Sheikh Farid and his accomplice Mobarak entered into the house of the victim in absence...

Prices of most essentials unchanged, vegetables cheaper

2007-11-10 00:00:00

FE Report Prices of most of the essential commodities including rice, edible oil and coarse flour remained almost unchanged while prices of vegetables recorded a slight fall at the retail level in the city markets during the last week.Prices of...

Esquire Knit gets term loans

2007-11-10 00:00:00

FE ReportThe German Investment and Development (DEG) Company has extended a long term loan of US$ 7.5 million (75 lakh) to Esquire Knit Composite Ltd (EKCL), a member of Esquire Group, for expansion of its knit composite unit at Kanchpur...

BRAC disburses Tk 954.5m among B'baria farmers

2007-11-10 00:00:00

Our Correspondent Brahmanbaria, Nov 9: A number of poor farmers in Brahmanbaria district have changed their lot by taking loans from BRAC, a leading non-government organisation (NGO).BRAC disbursed Tk954.5 million (Tk95.45 crore) loans among poor farmers through its five area...

Oil and food prices bedevil developing countries

2007-11-09 00:00:00

The developing countries including specially the least developing countries (LDCs) such as Bangladesh, are faced with a grim situation from the escalating prices of both food and oil. In most cases, they are the major importers of these two basic...

Financial sector reforms in Bangladesh

2007-11-09 00:00:00

Dr Salehuddin AhmedONE has to agree that no economy can grow and improve the living standards of its population in the absence of a well functioning and efficient financial sector. Improvement of the financial sector can create a conducive environment...

Women's group in Turkey looking east

2007-11-09 00:00:00

Mehru JafferWHILE visiting her daughter in the US, Derya Keskin Demirer's mother chided her for leaving the dishes her the husband to wash. Luckily Derya's husband does not mind helping in the kitchen. "They both work to earn and share...

For new, not static, social values

2007-11-09 00:00:00

Nusarat HashimiWhat constitutes morality? Morality is but a code of conduct applicable in a given time and place. It ought not to be understood as a static concept in man's history. What is regarded as inviolable morality of one period...

Exploiting shipbuilding potentials

2007-11-09 00:00:00

The foreign shipping companies take away, on average, more than two billion US dollars a year as freight charges from Bangladesh's 16 billion dollar foreign trade. The entire two billion dollars could be saved and retained in the country by...

Healthy habits

2007-11-09 00:00:00

MANY people are in the habit of gulping down medicines regularly. The taking of medicine for them might be akin to the mentality of some people who seem to appreciate wearing glasses out of a feeling that the same improves...

San Diego builds a statue to an arsonist

2007-11-09 00:00:00

Mike Davis This August, just as the first Santa Ana winds bent the boughs of the eucalyptus trees in Balboa Park, 500 wealthy business people and Republican Party donors raised their champagne glasses to salute "Mr. San Diego," Pete Wilson,...

A freedom that needs redefining

2007-11-09 00:00:00

John LloydDemocracy's friends," concludes Stein Ringen, "should now sound loud and clear a warning about democracy's quality." The conclusion is the book's subject: Ringen, a Norwegian sociologist at Oxford, believes that democracy has won in the world while losing the...

Hassle involved in expansion

2007-11-09 00:00:00

Ahmed Showkat MasudA garment factory with a capacity to produce 2,00,000 dozens of shirts in 300 working days will have to share extra orders, with another factory. If buyers ask the factory owner that no sub contract will be allowed...

Labour shortages could hit oil supply

2007-11-09 00:00:00

Ed Crooks from LondonSHORTAGES of skilled labour and capital investment mean oil supplies might fail to meet the expected growth in demand over the coming years, the head of the rich countries' energy watchdog has warned.Nobuo Tanaka, executive director of...

Citi executives sacked over credit turmoil

2007-11-09 00:00:00

David Wighton from New YorkCitigroup has sacked two senior executives responsible for its mortgage-backed investments business amid concerns that it could face further heavy writedowns on its holdings of subprime-linked securities.Michael Raynes, head of structured credit, and Nestor Dominguez, co-head...

Asian economy faces only mild slowdown, IMF official says

2007-11-09 00:00:00

SEOUL, Nov 8 (AFP): Asian economies have weathered the US subprime mortgage crisis well and will experience only a mild slowdown next year, a senior International Monetary Fund official said today. But any sharp US slowdown would have a significant...

US worker productivity surges at 4.9pc annual rate

2007-11-09 00:00:00

WASHINGTON: US worker productivity rose at the strongest pace in four years in the third quarter, pushing labour costs down, the government said Wednesday in a report offering comfort to the inflation-wary Federal Reserve.Nonfarm productivity, or hourly output per worker,...

China tightens foreign investment rules

2007-11-09 00:00:00

BEIJING, Nov 8 (AFP): China has released new rules to prohibit or limit foreign investment in key industries as it seeks to cool its overheated economy and clean up its damaged environment, state press reported today. In a wide-ranging directive...

Southwest ends open-boarding policy

2007-11-09 00:00:00

Southwest Airlines abandoned its longstanding first-come-first-served approach to seating yesterday, giving business travellers, who pay the highest fares, first choice in boarding. Those travellers will also receive extra frequent-flier credits and a free alcoholic beverage, in a move the airline...

Small backwoods towns join race to become next Indian IT destinations

2007-11-09 00:00:00

BANGALORE, Nov 8 (AFP): Tirunelveli and Trichy, Durgapur and Dankuni hardly trip off the tongue of most Indian IT professionals living in the established hot spots of the information technology industry. But these small backwoods towns have joined the race...

China moon programme looks to private funding

2007-11-09 00:00:00

BEIJING, Nov 8 (Reuters): China, the third country to put a man into space aboard its own rocket, will open part of the second stage of its moon mission projects to private funding, a newspaper said today. As part of...

NZ unemployment hits record low

2007-11-09 00:00:00

WELLINGTON, Nov 8 (AFP): New Zealand's unemployment rate hit a record low of 3.5 per cent in the September quarter, the lowest rate since the current measure was adopted in 1986, Statistics New Zealand said. New Zealand's unemployment rate is...

Oil prices drop below $96 in Asia

2007-11-09 00:00:00

SINGAPORE, Nov 8 (AP): Oil prices fell below $96 a barrel Thursday as a report showing a smaller-than-expected drop in U.S. crude supplies prompted traders to pocket gains from the recent rally. Oil prices had surged to a record above...

Dhansiri opts for GP Business Solutions

2007-11-09 00:00:00

FE ReportGrameenPhone (GP) signed an agreement with Dhansiri Media Production House to provide complete communication facilities under its Business Solutions package.Dhansiri Media Production House Managing Director Shomi Kaiser and GP Dhaka Region Head (commercial division) Sajjad Alam signed the agreement...

Siemens beats consensus

2007-11-09 00:00:00

MUNICH Nov 8 (Reuters): Industrial group Siemens (SIEGn.DE) delivered stronger quarterly results than expected, raised profitability targets and announced a 10 billion-euro ($14.6 billion) share buyback programme. Siemens shares rose as much as 5.5 percent against weak European markets Thursday...

UN warns food prices destined to remain high

2007-11-09 00:00:00

Rome, Nov 8 (Internet): Global cereal prices, which continued to rise this year, are expected to remain high in 2008, pushing up retail prices for basic foods such as bread, pasta, meat and milk, a United Nations Food and Agriculture...

Euro close to record highs ahead of ECB rate decision

2007-11-09 00:00:00

TOKYO, Nov 8 (AFP): The dollar hovered close to record lows against the euro in Asian trade today as players fretted about the subprime loan crisis and awaited European interest rate decisions, dealers said. They said the greenback tumbled against...

Gold down after roller coaster ride

2007-11-09 00:00:00

TOKYO, Nov 8 (Reuters): Gold fell Thursday after sharp price swings the previous day, but underlying sentiment stayed bullish with investment funds looking to buy on dips due to a tumbling dollar and record high oil prices. -- Gold hit...