GENEVA, Oct 10 (AFP): The World Trade Organisation (WTO) is expected to break its own rules by not holding a ministerial conference in 2007 given the low chances of securing a global trade deal by the year's end, trade sources...
SEOUL, Oct 10 (AFP): South Korea may improve its tariff concessions during next week's talks with the European Union to try to give the free trade negotiations fresh impetus, the commerce ministry said today. Talks began in May but the...
WASHINGTON, Oct 10 (AFP): The Federal Reserve's half-point rate cut last month came amid evidence of an "exceptionally weak" housing sector and risks of wider economic problems into 2008, minutes released yesterday showed. The minutes from the September 18 Federal...
BEIJING, Oct 10 (AFP): China has hit back at US criticism over safety problems in its products, saying nearly two per cent of American exports to the Chinese market are flawed, the Asian Wall Street Journal reported today. From January...
ISLAMABAD, Oct 10 (APP): Around Rs350 billion have been collected through 20 privatisation transactions during last three years.This was 72 per cent of the total amount (Rs475 billion) realised from privatisation since the Privatisation Commission was established around 16 years...
SINGAPORE, Oct 10 (AFP): Singapore's economy powered to 9.4 per cent growth in the third quarter, within market forecasts, putting it on track to meet the government's full-year targets, the trade ministry said today. Gross domestic product grew 9.4 per...
FRANKFURT, Oct 10 (AFP): The International Monetary Fund (IMF) has lowered its 2008 global growth forecast to 4.8 per cent from a previous estimate of 5.2 per cent, German sources told the news agency yesterday. The IMF slashed its estimate...
DUBAI, Oct 10 (PTI): Sri Lanka has set the minimum wage for its citizens employed as domestic workers overseas at USD 250 per month in an effort to stop employers from exploiting them. "The new wage scale will come into...
HONG KONG Oct 10 (MarketWatch): Hong Kong Chief Executive Donald Tsang pledged to cut corporate profit and salaries taxes Wednesday as part of a wider goal to return wealth to the populace at time of budget surpluses. In the first...
SINGAPORE, Oct 10 (AFP): World oil prices continued their volatility today, falling back in Asian trade after rising sharply in New York and London. Prices eased ahead of the US government's weekly report on American energy inventories expected later Wednesday....
TOKYO, Oct 10 (AFP): The dollar was stable in Asian trade on today as market players digested signs that the Federal Reserve may be open to further interest rate cuts, dealers said. They said the yen was on the back...
TEHRAN, Oct 10 (AFP): Iran and Pakistan have agreed to periodic revision of gas prices as part of a pipeline deal to to carry Iranian gas via Pakistan to India, the Isna news agency said on Tuesday, quoting the local...
SYDNEY, Oct 10 (AP): International banks dominate corporate and institutional banking in Asia with their market share growing to almost 70 per cent this year, according to a study. British banks HSBC Holdings and Standard Chartered Bank had the biggest...
WASHINGTON, Oct 10 (AFP): Heating costs for US households will take a bigger bite out of incomes in the upcoming winter season as energy costs hover near record levels, a government forecast showed yesterday. Households using natural gas are expected...
SEOUL, Oct 10 (AFP): Japan's largest automaker Toyota Motor is considering selling Toyota-brand models in South Korea, the head of its local unit said today. Ichiro Ogiso, chief executive officer of Toyota Korea, said the Japanese automaker is "definitely reviewing"...
FE Report BRAC Bank Limited has recently arranged a syndicated term loan worth Tk 620 million for Graphics Textiles Limited (GTL). The loan will be utilised to set up a knit composite textiles factory at Dhamrai.BRAC Bank is the lead...
The government is likely to sign deals with private sponsors in the third week of the current month to set up 10 small power plants across the country, reports UNB.The private-sector sponsors will set up the plants, each having 10-30...
FE ReportThe Asset Management Company Limited (AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), has declared the net asset values (NAV) of its three unit funds.The total NAV of ICB AMCL First Mutual Fund stood at Tk 145,667,131.64 on...
FE ReportEastern Bank Limited (EBL) opened an ATM booth at Lalkhanbazar Ispahani Building in the port city recently.EBL Head of Consumer Banking Mamoon Mahmood Shah inaugurated the ATM booth. Managing Director (MD) and CEO of the bank Ali Reza Iftekhar...
FE Report Prime Bank Limited (PBL) has donated Tk 2.0 million (20 lakh) for flood-affected people of Rangpur region of the country as part of its relief operations. Senior Vice-president and Head of Human Resources Division of the bank Md...
FE ReportHSBC Bangladesh donated winter vegetable seeds among the flood-affected farmers in Manikganj saving money not printing Eid greetings cards this year as part of its CSR activities.Every year the bank opts out of printing greeting cards for various special...
TRENTON, New Jersey, Oct 10 (Bloomberg): New Jersey's loss of residents to other US states more than tripled between 2002 and 2006, draining $10 billion in personal income from the economy and reducing tax revenue by $680 million, according to...
SOUTHFIELD, Michigan, Oct 10 (Bloomberg): Chrysler LLC and the United Auto Workers continued to bargain over jobs and health care past midnight, hours before a deadline for the first strike at the automaker in 10 years. More than 45,000 UAW...
Canada could subject foreign takeovers of domestic companies to a "national security test" as part of a rethink of overseas ownership of key assets, reports BBC. Ministers said they would promptly look at new guidelines for foreign takeovers which would...
FE ReportThere was a larger volume on offer in the week but well absorbed by the market. However, prices were slightly easier compared to previous week particularly for the best. Blenders were active along with more interest from the Loose...
CNOOC, China's third-largest oil producer, says it has opened its first petrol station as the firm seeks to tap into the country's booming car market, reports BBC. The petrol station, in Guangdong province, is the company's first move into the...
CNOOC, China's third-largest oil producer, says it has opened its first petrol station as the firm seeks to tap into the country's booming car market, reports BBC. The petrol station, in Guangdong province, is the company's first move into the...
The Dow Jones and S&P 500 indexes both set new record highs Tuesday after the release of the minutes of the US Federal Reserve's 18 September meeting, reports BBC. The Dow Jones Industrial Average closed up 119.91 points or 0.85...
Cadbury Schweppes has decided to spin off its North American drinks operation after "difficult" credit conditions hampered plans for a sale, reports BBC. The company said it would now focus on listing the business - which has brands such as...
PETALING JAYA, Oct 10 (AP): Cynthia Carroll, the first female and non-South African to head British mining company Anglo American, is the most powerful corporate woman in the world, according to a recent report on the 50 most powerful women...
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