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CSE 30 Index revised

2007-09-21 00:00:00

FE ReportThe Index Committee of Chittagong Stock Exchange revised the composition of its CSE 30 Index effective from next Sunday.The following scrips are now in CSE-30 Index : Square Textiles Limited, Square Pharmaceuticals Limited, Advanced Chemical Industries, Beximco Pharmaceuticals Ltd,...

Forkan joins Prime Bank as DMD

2007-09-21 00:00:00

FE ReportRQM Forkan joined Prime Bank Limited as deputy managing director recently. Prior to joining the bank, he was the senior executive vice president and chief operating officer of Arab Bangladesh Bank Limited.Forkan has a successful banking career of more...

New US position in WTO talks raises hopes of progress

2007-09-21 00:00:00

GENEVA, Sept 20 (AFP): The United States yesterday showed a new willingness to negotiate in global trade talks, a high-ranking World Trade Organisation (WTO) official said, raising hopes of progress in the stalled Doha round of negotiations. The WTO's chief...

With US backing, Strauss-Kahn sails toward top IMF post

2007-09-21 00:00:00

WASHINGTON, Sept 20 (AFP): With the gale-force wind of the United States at his back, Dominique Strauss-Kahn, the European Union candidate for managing director of the International Monetary Fund, appears set to sail to victory next week. Wednesday the US...

Japan executives more upbeat despite market turmoil

2007-09-21 00:00:00

TOKYO, Sept 20 (AFP): Japan's top executives have become more confident for the first time in a year, a survey showed today, providing some welcome good news on Asia's largest economy after a slew of gloomy data. The government said...

BoE chief to face questioning over Northern Rock crisis

2007-09-21 00:00:00

LONDON, Sept 20 (AFP): Bank of England Governor Mervyn King is set to testify to a parliamentary oversight committee today over the recent Northern Rock crisis, with questions being raised over his tenure. The central bank said yesterday that it...

China should stabilise RMB to study effect of previous appreciation

2007-09-21 00:00:00

HONG KONG, Sept 20 (CEIS): China should stabilise the exchange rate of RMB against the US dollar to study the effect of its accumulated appreciation of close to 10 per cent over the past two years, 1999 Nobel Laureate in...

Taiwan leads China in best SMEs list

2007-09-21 00:00:00

SINGAPORE, Sept 20 (AFP): Technology firms dominated as Taiwan led China in a list of the best 200 Asian companies with annual revenues of under one billion US dollars, Forbes Asia business magazine said today. Taiwan had 41 small and...

Beijing's financial derivative market booming in 2007

2007-09-21 00:00:00

BEIJING, Sept 20 (CEIS): China's interest rate and exchange rate derivative market posted robust growth in first half of 2007, according to China Banking Regulatory Commission (CBRC). In January-June 2007, RMB bond future products recorded 544 deals valued at 100.61...

Euro hits new record against dollar

2007-09-21 00:00:00

LONDON, Sept 20 (AFP): The euro today hit a new record of 1.4006 dollars as US interest rate cuts took a new toll on the American currency. Markets are also nervously awaiting statements on the American economy by US officials...

Oil prices below 82 dollars in Asia

2007-09-21 00:00:00

SINGAPORE, Sept 20 (AFP): Oil prices were lower in Asian trade today as investors took profit following a record- setting rally, but are expected to remain high amid tight supplies and weather concerns, dealers said. Diplomatic sabre-ratting over Iran is...

France, China confirm signing agreement on textile, intellectual property

2007-09-21 00:00:00

PARIS, Sept 20 (CEIS): French textile industries union ( UIT) confirmed yesterday the signing of two draft agreements with its Chinese counterpart and the Chinese chamber of commerce to foster intellectual property in the two countries and to curb counterfeiting....

Asia-Pacific countries to suffer from tight coal supply

2007-09-21 00:00:00

BEIJING, Sept 20 (CEIS): Coal supply in the Asia- Pacific region is predicted to shrink in the following years as most Asian coal exporters would scale down coal export to power their own economy. Hunger for thermal coal and discouraged...

US telecom firm to exit Japanese mobile sector

2007-09-21 00:00:00

TOKYO, Sept 20 (AFP): US telecom firm NextWave Wireless has decided to sell its stake in IP Mobile, becoming the second foreign firm to exit Japan's competitive mobile telephone industry, IP Mobile said today. Japanese real estate group Mori Trust...

Vietnam's fruits town accelerates export to China

2007-09-21 00:00:00

LANG SON, Vietnam, Sept 20 (Xinhua): Yellowish cardboard boxes full of dried litchis and longans were packed as sardines in dozens of warehouses in Dong Dang town, northern Lang Son province, waiting for being transported to China. "There are 60-70...

India to go slow on wheat import

2007-09-21 00:00:00

NEW DELHI, Sep 20 (PTI): Under attack for buying wheat from overseas at record high prices, the government yesterday said it has decided to go slow on import of the grain and is watching rates in the international market. "We...

US toy giant chief to visit China

2007-09-21 00:00:00

WASHINGTON, Sept 20 (AFP): The boss of US toy giant Mattel Inc. said yesterday he would go to China this month to check that new safety procedures are in place after a series of recalls on toys feared tainted by...

Power supply and MDGs

2007-09-21 00:00:00

ECONOMIC growth is the best assurance -- notwithstanding variables like how much the growth is pro-poor or to what extent distributive justice has been attained -- for a continuous process of job creation, lifting living standards and alleviating poverty. This...

Poverty and landlessness go hand in hand

2007-09-21 00:00:00

Ashraful HasanBANGLADESH economy still has a largely agrarian feature with the greater part of the population remaining tied to agriculture and living in the rural areas. The economy has diversified a great deal over the last two decades. However, notwithstanding...

Need for more public universities

2007-09-21 00:00:00

Mahmudul HaqueTraditionally, the public universities have been regarded as suitable centres of higher education as these possess in all cases sufficient campus spaces, faculties and other physical attributes to justify being regarded as full fledged universities unlike the private universities...

An autobiography in which the real hero is capitalism

2007-09-21 00:00:00

Krishna GuhaALAN Greenspan chose the perfect moment to release his memoirs: the day before a high-stakes Federal Reserve policy meeting in the middle of a financial market crisis. Even the title of his book, The Age of Turbulence, looks uncannily...

Six sixes in one over

2007-09-21 00:00:00

GOD at last answered Yuvraj's prayer. Yuvraj Sing of India on September 19 entered history of Twenty-20 as the first player to hit six sixes in one over, a feat he achieved in the penultimate over finishing 58 off 16...

Pearls for export

2007-09-21 00:00:00

NATURAL pearls have high demand in the international market. The same are valued and bring good amounts in foreign currencies. Natural pearls are sought after in countries with high purchasing power such as Japan, China and Europe where the same...

The scale of American miscalculation on Iran is striking

2007-09-21 00:00:00

Peter GalbraithIN his continuing effort to bolster support for the Iraq war, President Bush travelled to Reno, Nevada, on August 28 to speak to the annual convention of the American Legion. He emphatically warned of the Iranian threat should the...

For village women an indoor latrine is heaven

2007-09-21 00:00:00

Zofeen EbrahimFor as long as Hatal Bibi, 50, can remember, women in her village, Ahmed Khaskheli, 250 km east of this port city, in Sindh province's Sanghar district, spent hours fetching water from a canal four km away and used...

Coca-Cola, Pepsi to step up recycling

2007-09-21 00:00:00

Francesco Guerrera in New York and Jenny Wiggins in LondonCOCA-Cola and PepsiCo are stepping up efforts to recycle plastic containers amid a growing backlash against the sale of bottled water in the US and the UK.Authorities including San Francisco's city...

EC has no authority to register political parties: Delwar

2007-09-21 00:00:00

BNP Secretary General Khondoker Delwar Hossain Thursday questioned the authority of the Election Commission (EC) to register the political parties, reports UNB. "EC has no jurisdiction to register the political parties. It is the function of the parliament to decide...

Govt issues guidelines for TV talk shows

2007-09-21 00:00:00

The government Tuesday asked private television (TV) channels to follow a set of nine guidelines in airing talk shows. "We did not issue any notice for talk shows. We just gave some unofficial guidelines so that nobody gets in trouble",...

SC grants govt's leave to appeal against HC ruling on EPR

2007-09-21 00:00:00

The Supreme Court (SC) Thursday granted government's application for leave-to-appeal seeking to overturn the High Court (HC) ruling on stringent Emergency Powers Rules (EPR), 2007. The HC, after inviting a legal debate over the dilemma following revocation of its right,...

CA to highlight reforms, polls roadmap in UNGA

2007-09-21 00:00:00

Chief Adviser (CA) Fakhruddin Ahmed who will address the United Nations General Assembly (UNGA) on September 27 will highlight reforms and election roadmap, duty free access of LDCs' products and free labour movement, reports UNB.Briefing journalists, Adviser for Foreign Affairs...