FE ReportSoutheast Bank Limited (SEBL) re-appointed Neaz Ahmed as managing director (MD) of the bank for another three years with effect from October 21.The bank expressed its satisfaction at the overall growth and qualitative improvements over the last three years...
GENEVA, Oct 11 (Reuters): As the world's wealth pumps into the pockets of a new generation of heirs and entrepreneurs, private banks are looking for new ways to attract a clientele worlds away from the stuffy image of wealth management."Younger...
WASHINGTON, Oct 11 (AFP): World Bank president Robert Zoellick has said that globalisation must be "inclusive and sustainable" if it is to help combat crushing poverty around the world. In a speech at the National Press Club, marking his first...
DETROIT, Michigan, Oct 11 (AFP): A strike at Chrysler LLC's US plants was called off after less than seven hours when the automaker reached a deal with its main union on a landmark contract aimed at helping the automaker better...
SEOUL, Oct 11 (AFP): South Korea's central bank today kept its key interest rate unchanged for a second month to shore up the economy following recent turbulence in world financial markets. The October target for the call rate, the interest...
TOKYO, Oct 11 (AFP): Moody's upgraded Japan's domestic debt rating today on expectations that the world's second largest economy will continue to recover and the new government will pursue fiscal reforms. Moody's Investors Service raised its rating from A2 to...
SINGAPORE, Oct 11 (AFP): World oil prices rose in Asian trade today in an edgy market that dealers say remains well supported by concerns over tight supplies. The US Department of Energy (DoE) was to issue its latest weekly report...
BEIJING Oct. 11 (Xinhua): Key energy prices registered a slight rise in September, while steel price continued to rise and nonferrous metal prices showed small fluctuations, disclosed the State Development and Reform Commission in its latest issue of "Major Commodity...
NEW YORK, Oct 11 (Reuters): Costco Wholesale Corp reported a nearly 5 per cent increase in quarterly profit Wednesday, and the no 1 US warehouse club operator said September sales at stores open at least a year rose a better-than-expected...
COLOMBO, Oct 11 (AFP): The ambitious plans of India and China to ramp up biofuel production will deplete their water reserves and seriously impact their ability to meet food demands, a new study said today. China and India, expected to...
BRUSSELS, Oct 11 (Xinhua): European importers yesterday expressed cautious welcome to the new textile agreement between the European Union (EU) and China, which replaces import quotas with joint monitoring of trade flow in 2008. "We welcome the fact that quotas...
TOKYO, Oct 11 (AFP): The yen lost ground against other major currencies in Asian trade today after the Bank of Japan left its key interest rate unchanged, encouraging players to buy higher yielding currencies, dealers said. They said the euro...
MANILA, Oct 11 (AFP): The Asian Development Bank will aid China's clean up of the Songhua river basin, where a blast in a chemical plant killed eight people and spilled toxic chemicals into the water two years ago, the Manila-based...
BEIJING, Oct 11 (AFP): Potatoes may soon join rice as a staple diet for China's 1.3 billion people as the nation searches for alternative crops to deal with a sharp decline in farmland, state press reported today. China is facing...
NEW YORK, Oct 11 (Reuters): The credit crunch that has troubled financial markets in recent months will eventually take its toll on the US economy, former Federal Reserve Chairman Alan Greenspan said Wednesday.Greenspan said house prices would almost certainly fall...
Pooja ThakurYawer Sayeed returned to his native Bangladesh from Australia to set up a money-management company in 1999. After eight lean years his business is booming. A military-backed government in place since January has lured investors by pledging to sell...
Daniel KrugerThe biggest quarterly rally for U.S. government securities in five years is getting an extraordinary boost from the burgeoning reinvestment of petrodollars by the Organization of Petroleum Exporting Countries. OPEC members increased their holdings of Treasuries 12 percent this...
Jim Lobe In a major rebuff to human rights and government accountability activists, the U.S. Supreme Court Tuesday declined to take up the case of a German citizen who was allegedly abducted, detained and tortured by the Central Intelligence Agency...
Tony Barber from Luxembourg, Guido Bohsem from Berlin and Mark Schieritz from FrankfurtEUROPEAN nations are to draw up radical proposals to improve transparency in financial markets and to change the way credit rating agencies operate in an attempt to prevent...
MUSLIMS in this country will be celebrating the joyo us occasion of the holy Eid-ul-Fitr on Saturday or Sunday next, depending on the sighting of the moon. Traditionally, wearing of good clothes, eating sumptuously and engaging in fun and frolics,...
Hasan MahmudTHE dominant economic discourse posits that international migration undermines the prospect for economic growth at both the national and community levels. Such a view is attained through micro-level case studies of remittances earning and spending patterns in various labour...
Mure Dickie After Song Xuefang began suffering from vomiting and pains that left her hardly able to walk, she and her husband pulled out their savings and sold their 30 sheep to pay for treatment.It was not enough. Doctors in...
A wise coexistence of man and nature was visible at the initial days of development of Dhaka. Until 1950, development of the city took place on the higher terrain and the encompassing rivers, networks of canals and the wetlands were...
THE urban population has recorded remarkable increase globally. A report of the United Nations shows that majority of the world's six billion people are now living in urban centres. It predicts that population of urban areas will double and reach...
All steps have been taken for celebration of the holy Eid-ul-Fitr with due religious festivity, reports UNB.An inter-ministerial meeting held at Religious Affairs Ministry with Adviser ASM Matiur Rahman in the chair has reviewed the measures. In the capital, the...
CHITTAGONG, Oct 11 (BSS): Over four million people of southern Chittagong have been suffering from untold miseries in their journeys to and from the port city through Patiya- Anowara- Banshkhali- Chakaria (PABC) route due to bad shape of these roads.Their...
Fourteen persons were killed and many others injured in separate incidents in different places of the country during the last two days, report agencies.In Chandpur, three people were killed and 30 others injured when a bus overturned at Mokimabad crossing...
FE ReportThe BRAC University James P Grant School of Public Health has been accorded full membership of the prestigious Asia-Pacific Academic Consortium for Public Health (APACPH), said a press release. President of the APACPH, Richard Southby, recently conveyed this message...
Chief of Naval Staff Vice Admiral Sarwar Jahan Nizam will leave city Sunday to attend the four-day 18th International Sea Power Symposium to be held in the USA on October 16 to19, reports UNB.Naval chiefs, naval representatives, naval experts and...
COX'S BAZAR, Oct 11 (UNB): The police recovered the stolen statue of century old brass-made statue of Buddha and also arrested a man from Putibila village in Moheskhali Upazila Wednesday.Acting on a tip off, joint forces arrested Russell from his...
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