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Demand from India helps gold surge to 28-yr high globally

2007-10-28 00:00:00

London, Oct 27 (PTI): Gold prices surged to nearly 28- year high in global market yesterday, mostly supported hy the rising demand from Indian markets where precious metal scale 17- month high on heavy demand for the seasonal demand. While...

Dollar slumps to record low against euro

2007-10-28 00:00:00

NEW YORK, Oct 27 (AFP): The dollar tumbled to a fresh record low against the euro yesterday as expectations mounted that the Federal Reserve would cut US borrowing costs again next week. Traders said an expected interest rate cut by...

Developing countries urged to open markets for LDCs to cut trade gaps

2007-10-28 00:00:00

Foreign Secretary (FS) Touhid Hossain called upon the developed countries to provide duty-free and quota-free market access of all products from all least developed countries (LDCs) without any restrictions, reports UNB.He made the call while he was making a statement...

Prime Bank branch now at Subidbazar

2007-10-28 00:00:00

FE ReportPrime Bank Limited (PBL) Chairman Azam J Chowdhury inaugurated its 55th branch at Subidbazar in Sylhet as the chief guest recently. Managing Director of the bank A Shahjahan Bhuiyan presided over the function while local elite, businessmen and officials...

LPG price rises in Ctg market again

2007-10-28 00:00:00

Our CorrespondentCHITTAGONG, Oct 27: Due to lack of adequate supply, price of liquefied petroleum gas (LPG) has registered a sudden hike again and the price of a cylinder has now increased by around Tk 380, sources said.According to the sources,...

30,000 rendered jobless as 23 salt industries go bust in Khulna

2007-10-28 00:00:00

Some 30,000 people have become jobless as so far 23 big salt industries were closed down in Khulna district reportedly for shortage of funds and reluctance on part of authorities concerned, reports UNB.The hapless people were involved directly or indirectly...

Citi Bank NA to provide off-shore banking service in Ctg EPZ

2007-10-28 00:00:00

FE ReportCiti Bank NA will provide off-shore banking services in Chittagong Export Processing Zone (CEPZ) to facilitate the investors, said a press release.An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and Citi Bank...

IBBL holds board of directors meeting

2007-10-28 00:00:00

FE ReportA meeting of the board of directors of the Islami Bank Bangladesh Limited (IBBL) was held Thursday in the city. IBBL Chairman Abu Nasser Muhammad Abduz Zaher presided over the meet. Foreign and local directors including Yousif Abdullah Al-Rajhi,...

MCC Transport 'MV Sezela' arrives today

2007-10-28 00:00:00

FE ReportWith the commitment of comprehensive coverage, reduced lead time, improved reliability and to deliver multiple weekly sailing to a great number of ports on the major Asian trade lanes, the first vessel of the MCC Transport 'MV Sezela' will...

Value Week begins at Agora

2007-10-28 00:00:00

FE ReportA 10-day special promotional campaign titled Value Week began at the Agora, a superstore, Thursday, according to a press release.With a view to giving buyers extra buying freedom, Rahimafrooz Superstores Limited, the owning company of Agora, runs the Week...

Greenback sustains earlier gains

2007-10-28 00:00:00

Sarwar Zahan US dollar sustained its earlier gains against Bangladesh taka (BDT) last week despite higher demand for greenback, fund managers said. The exchange rate of greenback moved between Tk 68.69 and Tk 68.71 against the previous week's range between...

Asian markets end higher

2007-10-28 00:00:00

BANGKOK, Oct 27 (AP): Most Asian markets rose Friday, with Hong Kong hitting its second straight record close and Japan getting a lift from Honda and Sony earnings.Hong Kong's Hang Seng broke the 30,000-point barrier Friday for the first time.Shares...

CPA recovers occupied land worth Tk 20m

2007-10-28 00:00:00

Our CorrespondentCHITTAGONG, Oct 27: The Chittagong Port Authority (CPA) has demolished different illegal structures established on the port land in the city's Newmooring area during its drive against illegal structures.The CPA also recovered about seven Katha of land worth about...

Square Toiletries to launch Meril Splash soon

2007-10-28 00:00:00

FE ReportSquare Toiletries Limited, one of the top cosmetics and toiletries manufacturers of the country, is going to launch Meril Splash, a beauty soap especially developed for Bangladeshi girls, in the local market, according to a press release. The new...

Naser Ahmed wins Nehemiah Award

2007-10-28 00:00:00

FE ReportNaser Ahmed, director of external affairs, Chevron Bangladesh, has been awarded the '2007 Nehemiah Award' by the International Board of Director (IBOD) of Habitat for Humanity International, Asia Pacific region. The award was conferred on him for his valued...

Alibaba.com raises $1.5 billion in IPO

2007-10-28 00:00:00

HONG KONG, Oct 27 (AP): Alibaba.com Limited, one of China's fastest-growing technology companies, reached its goal of raising US$1.50 billion in its initial public offering (IPO) Saturday, people close to the deal said. Alibaba, an e-commerce portal, sold 858.9 million...

BEA, Oracle remain at odds as deadline approaches

2007-10-28 00:00:00

SAN FRANCISCO, Oct 27 (AFP): Business software giant Oracle remained at odds Friday with BEA Systems over a potential takeover bid after the two rivals exchanged letters holding firm to their positions over the price for BEA. BEA executive William...

Wall Street climbs wall of worry, eyes Fed decision

2007-10-28 00:00:00

NEW YORK, Oct 27 (AFP): Wall Street has regained some of its upward momentum as investors look past the latest economic and corporate woes and pin their hopes on an easier money policy from the Federal Reserve. Analysts say the...

Bhutto arrives at her ancestral home

2007-10-28 00:00:00

GARHI KHUDA BAKSH, (Pakistan) Oct 27 (agencies): Former Prime Minister Benazir Bhutto visited her ancestral village Saturday and paid homage at her father's tomb, her first trip outside Pakistan's biggest city since an assassination attempt against her killed 143 people...

Poor air from wildfires a health threat

2007-10-28 00:00:00

LOS ANGELES, Oct 27 (Agencies): Even as many of the wildfires in flame-ravaged Southern California died down and residents returned home, lingering dust and soot-laden air made it difficult for many to breathe even a sigh of relief Saturday. Air...

Dengue fever outbreak hits Asia

2007-10-28 00:00:00

HANOI, Oct 27 (Agencies): The worst outbreak of dengue fever in years has hit Southeast Asia, prompting the World Health Organisation to call for better prevention campaigns as experts question whether global warming is partly to blame. Cambodia, Indonesia, Vietnam...

11,000-year-old artefacts uncovered in Syria

2007-10-28 00:00:00

DAMASCUS, Oct 27 (AFP): Deep in the heart of northern Syria, close to the banks of the Euphrates River, archaeologists have uncovered a series of startling 11,000-year-old wall paintings and artefacts. "The wall paintings date back to the 9th millennium...

Canadian draft law bars veiled women from voting

2007-10-28 00:00:00

OTTAWA, Oct 27 (AFP): A new draft law introduced by Canada's Conservative government Friday would bar Muslim women from voting if they show up at polling places with a veiled face. The measure was proposed in the wake of the...

Bomber kills four at US base in Afghanistan

2007-10-28 00:00:00

KABUL, Afghanistan, Oct 27 (Agencies): A suicide bomber detonated his explosives at the entrance to a US base in eastern Afghanistan on Saturday, killing three Afghan soldiers and one Afghan civilian, a US official said. Initial reports indicated the bomber...

news digest

2007-10-28 00:00:00

17 killed in Maoist rebel attack in India RANCHI, (India), Oct 27 : At least 17 people, including a former minister's son, were killed overnight when Maoist rebels opened fire on a group of football spectators in eastern India, a...

Seek own ways to get correct news

2007-10-28 00:00:00

Anti-corruption Commission (ACC) Chairman Hasan Mashhud Chowdhury Saturday urged journalists to seek their own ways to get the correct news without being shackled by the Official Secrecy Act and certain other laws and government rules.The ACC chairman said this while...

Zillur urges govt to take action against Jamaat-Shibir soon

2007-10-28 00:00:00

Awami League (AL) acting president Zillur Rahman Saturday urged the government to take action against Jamaat-Shibir and its patrons, who were responsible for the carnage on October 28 last year.Recalling the incidents of October 28 in a statement, Zillur Rahman...

Classes at DU, RU, JU resume today

2007-10-28 00:00:00

DU CorrespondentClasses resume today (Sunday) at Dhaka, Rajshahi and Jagannath Universities amid strict security measures after a 66-day unscheduled closure including Eid and Durga Puja vacations. Academic activities of Jahangirnagar University resumed Saturday.University sources said most of the students of...

JCD leader held in Bhola

2007-10-28 00:00:00

BHOLA, Oct 27 (UNB): Navy-led joint forces arrested a local Jatiyatabadi Chhatra Dal (JCD) leader from a market in the district town Saturday.The joint troops raided Zia Super market at about 11:30 am and arrested Al-Amin from there. Navy sources...

Hasina may be quizzed in graft case tomorrow

2007-10-28 00:00:00

Detained former premier and Awami League president Sheikh Hasina is likely to be quizzed tomorrow (Monday) in connection with a graft case involving a barge-mounted power plant, reports UNB.Sources said a team of the Anti-corruption Commission could interrogate her at...