CHICAGO, Oct 21 (Reuters): Caterpillar Inc, the world's top maker of earth-moving equipment, diesel engines and gas turbines, posted higher quarterly earnings Friday but missed analysts' expectations, and cut its full-year earnings outlook. Its shares fell more than 5 per...
Household wealth is hitting record heights, and not just in the U.S. There are more millionaire households on the planet than ever before, particularly in Europe and in China, where growth rates are highest. The total number of world millionaire...
NEW YORK, Oct 21 (PTI): The US regulators have given permission to ICICI Bank, the second largest financial lender in India with assets worth over USD 91 billion, to open a branch here. The branch would engage in wholesale banking...
BNP Chairperson's Adviser Hannan Shah said, if Khaleda could not be released by legal means, efforts would be made "politically" to free her, report UNB and bdnews24.com. He alleged that Mannan Bhuiyan's leadership has proved futile. "Being blessed by unseen...
Law adviser Mainul Hosein Sunday dismissed demands for dialogue with political parties, saying such an exercise would affect the interim government's neutral credentials, reports bdnews24.com. Mainul's comment came after a senior Awami League leader's suggestion that the government discuss with...
Our CorrespondentCHITTAGONG, Oct 20 : People in the port city have urged the government to curb the abnormal rise in prices of essential commodities, as no effective steps have so far been taken by the concerned authority in this connection.According...
NEW YORK, Oct 20 (BSS): A three-day fair of the Real Estate and Housing Association of Bangladesh (REHAB) began here Friday afternoon at the Altman House at Downtown Manhattan.Consul General of Bangladesh in New York M Shamsul Hoque inaugurated the...
Sarwar Zahan US dollar retained its strength against Bangladesh taka (BDT) last week as there was strong demand for the greenback, fund managers said. The exchange rate of the greenback fluctuated between Tk 68.68 and Tk 68.71 maintaining the previous...
DUBAI, Oct 20: The Dubai Chamber of Commerce and Industry (DCCI) is recommending a formal cooperation between Dubai Financial Market and Hamburg Stock Exchange, saying an agreement would help companies from both sides significantly, according to Internet."Allowing companies to be...
BANGKOK, Oct 20 (AP): Most Asian markets lost ground Friday, as record oil prices raised worries about rising transport costs and a weak dollar raised concerns about overseas earnings. Shares fell in Australia, China, Malaysia, Taiwan and South Korea. Japanese...
SAN FRANCISCO, Oct 20 (AP): Venture capitalists invested US$7.10 billion in 887 deals during the third quarter, maintaining a financial equilibrium that so far has helped prevent the latest Internet fervour from forming another dot-com bubble. The amount of venture...
Our CorrespondentNILPHAMARI, Oct 20: Sonali Bank of the district disbursed only 40 per cent of its targeted agri-loan in the last (2006-07) fiscal year. A total of 10 branches of the bank disbursed Tk 27.06 million among the farmers as...
LONDON, Oct 20 (AFP): British sportswear firm Umbro, which supplies kit for the England football team, is being targeted by US giant Nike, press reports said Friday. Umbro, which said Thursday it had been approached with a view to a...
NEW YORK, Oct 20 (Reuters): A US real estate investment trust sued HSBC Holdings' broker-dealer unit, alleging it took advantage of the credit crisis to profit at the expense of the fund. Luminent Mortgage Capital, a San Francisco firm, alleged...
Fakhrul AlamCHITTAGONG, Oct 20: With declining export orders, ready made garments (RMG) industries in Chittagong are facing serious crisis. Around 200 garments factories are now on the verge of closure, sources said.There are 690 RMG factories in Chittagong out of...
Onion prices rose by roughly 30 per cent as most of the essential commodities became more expensive Friday even though towards the end of Ramadan government intervention halted spiralling prices, reports bdnews24.com. Prices of soybean oil, onion, atta, potato, broiler...
Bangladesh and Laos Saturday agreed to strengthen cooperation in trade, investment and tourism sectors, reports UNB.The broad-based agreement came at a meeting between visiting Laotian First Vice-foreign Minister Phongsavath Boupa and Foreign Secretary Touhid Hossain at state guesthouse Padma in...
International money transfer outfit Western Union (WU) and GSM Association (GSMA) Thursday announced an agreement to facilitate cheaper homebound remittance through mobile phone by expatriate workers of the developing countries, reports bdnews24.com. They are developing a commercial and technical framework...
KHULNA, Oct 20 (UNB): Cement factories in the Khulna region are on verge of closure due to various problems.There are a total of 17 cement factories in the region. Of them, 13 are in Maowapara and four in Mongla. Of...
BRAHMANBARIA, Oct 20: Acute scarcity of some life-saving medicines in the local drug stores is seriously affecting treatment of patients, sources said.As tablets and injections of phenoberbiton, eye drops of cloramphenicol and vitamin-C tablets are not available in the local...
FE ReportPRAN-RFL Group signed export contracts worth US$ 2.5 million with two Middle Eastern companies at a function held at the VIP Lounge of the National Press Club in the city Saturday.The companies were M/S Ahmed Al Wadaani EST Trading,...
LISBON, Oct 19 (Reuters): The leaders of Britain, France and Germany said on Friday that market solutions held the key to overcoming the current turmoil on financial markets, and the EU should decide next March whether more regulation was needed....
KARACHI, Oct 20 (Agencies): Pakistani police released a photograph Saturday of a suicide bomber who killed at least 139 people, as opposition leader Benazir Bhutto worked out her next step after the bloody start to her comeback campaign.The militant threat...
TEHRAN, Oct 20 (Agencies): Chief nuclear negotiator Ali Larijani, Iran's main contact with the West over Tehran's atomic program, has resigned, the government said Saturday.President Mahmoud Ahmadinejad accepted his resignation and Saeed Jalili, deputy foreign minister for European and American...
BEIJING, Oct 20 (Agencies): Chinese President Hu Jintao is set to oust political rivals, promote allies to key posts and emerge politically stronger from a Communist Party conclave. Hu's rival-turned-ally, Vice President Zeng Qinghong, is poised to retirepresenting a boon...
ANKARA, Oct 20 (Agencies): Turkey expects the United States to take urgent action against Kurdish rebels hiding in northern Iraq, its prime minister said, in comments suggesting Ankara hopes to avoid a Turkish military operation in the region. Turkey's parliament...
QUETTA, Oct 20(AFP): At least seven people were killed and six others were injured today when a bomb exploded in south western Pakistan, police said. The blast happened as passengers were waiting at a mini-van stand in the main market...
YANGON, Oct 20 (AFP): Military-run Myanmar was under renewed pressure Saturday after the United States announced a new round of sanctions following the junta's bloody crackdown on dissent here. US President George W. Bush's new penalties targeted the country's military...
Twelve killed in India building collapse CHENNAI, (India), Oct 20: Twelve people died and eleven sustained severe injuries in southern India when an apartment building collapsed after heavy rain, police said Saturday. Three women and a boy were among those...
THE efficiency level of police does often come under scrutiny in the context of law and order situation in the country. Studies though have identified the presence of widespread corruption as the leading cause of poor performance on the part...
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