JOHANNESBURG, Oct 21 (AFP): China's push into Africa is prompting growing interest over Beijing's motives in the world's poorest continent with opinion divided over who stands to benefit most. Speaking at the launch this week of a new China research...
WASHINGTON, Oct 21 (AFP): The head of the European Central Bank said yesterday the recent market crisis shifted turbulence away from emerging countries to rich ones, but its impact on credit would be "relatively contained." "What has been notable about...
WASHINGTON, Oct 21 (AFP): The IMF, under pressure to move with the times, backed reforms yesterday to give low-income countries a stronger voice in its decision-making and defended its response to recent financial market upheaval. Policymakers from the International Monetary...
NANNING, Oct. 21 (Xinhua): China and the Association of Southeast Asian Nations (ASEAN) have seen fast growth in bilateral trade with the volume being expected to reach 190 billion US dollars this year. "The figure is expected to top 200...
WASHINGTON, Oct 21 (AFP): US Treasury Secretary Henry Paulson said yesterday the IMF and governments should draft codes of conduct for cash-rich state investment funds that have raised national interest concerns in the United States and Europe. "The increase in...
DETROIT, Oct 21 (AP): Workers at three more United Auto Workers locals have rejected a tentative contract agreement between the union and Chrysler LLC, casting doubt on whether the deal will be ratified. Members at locals in Missouri, Ohio and...
WASHINGTON, Oct 21 (AP): Global economic leaders warned of inflation risks in advanced countries on the eve of the first World Bank meetings since Robert Zoellick took charge of an institution shaken by internal divisions and scandal. The International Monetary...
WASHINGTON, Oct 21 (Xinhua): A senior Chinese official urged the international community here yesterday to analyse the root causes of the recent financial turmoil and to make efforts to safeguard global financial stability. "Activities in the major advanced economies slowed...
TOKYO, Oct 21 (AFP): From a nightclub on wheels to a car shaped like a hat, many of the whacky vehicles unveiled at the Tokyo Motor Show over the years have been consigned to the annals of auto history. When...
SINGAPORE, Oct 21 (AFP): Countries neighbouring military- run Myanmar can exert only limited economic influence on the regime, Singapore's foreign minister has said following fresh US sanctions against companies here. Three Singapore-linked firms are among seven blacklisted by the United...
WASHINGTON , Oct 21 (AFP): WT0 head Pascal Lamy yesterday warned that international negotiators now faced their last chance to reach a global trade deal and said they had just "a few weeks" to agree on the outlines of an...
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...
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