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Tin price sets record high at $17,050

2007-08-09 00:00:00

LONDON, Aug 8 (AFP): The price of tin struck an historic peak here yesterday amid tight supplies of the base metal. On the London Metal Exchange (LME) the price of tin for delivery in three months reached 17,050 dollars a...

CRAB, Padma Islami Life Ins sign credit rating deal

2007-08-09 00:00:00

FE ReportPadma Islami Life Insurance Co Ltd (PILIC) has recently signed an agreement with Credit Rating Agency of Bangladesh Limited (CRAB), under which CRAB would provide rating services to PILIC.CRAB Vice Chairman Md Matiul Islam and PILIC Managing Director Abdul...

Iraq PM arrives in Iran

2007-08-09 00:00:00

TEHRAN, Aug 8 (AP): Iraqi Prime Minister Nouri al-Maliki arrived in Iran Wednesday for talks expected to focus on bilateral relations and improving the security situation in his wartorn nation. It was the Iraqi premier's second visit to Tehran in...

20 Taliban killed in attack on military base

2007-08-09 00:00:00

KABUL, Aug 8 (AP): A group of 75 Taliban militants tried to overrun a US-led coalition base in southern Afghanistan in a brazen attack that left more than 20 militants dead, the coalition said.The insurgents attacked Firebase Anaconda from three...

US raids kill 32 in Baghdad

2007-08-09 00:00:00

BAGHDAD, Aug 8 (AP): US-led forces swooped into the Shiite militia stronghold of Sadr City Wednesday, killing 32 suspected militants and detaining 12 others in fighting and an airstrike targeting alleged smuggling networks from Iran.Iraqi police and witnesses said nine...

Regional powers welcome Korean summit announcement

2007-08-09 00:00:00

TOKYO, Aug 8 (AP): Regional powers applauded Wednesday's announcement by North and South Korea that their leaders plan to meet later this month, saying it will help ease tensions and boost efforts to denuclearise the peninsula.North Korean leader Kim Jong...

Ahmadinejad says Iran defiant over nuclear energy

2007-08-09 00:00:00

ALGIERS, Aug 7 (AFP): Algeria gave its support to Iran Tuesday in the row over Tehran's nuclear programme, as its guest President Mahmoud Ahmadinejad of Iran insisted his country would stand firm on the issue. "Iran cannot talk to countries...

Xanana Gusmao sworn in as Timor PM

2007-08-09 00:00:00

DILI, Aug 8 (AFP): Independence hero Xanana Gusmao Wednesday pledged to unite strife-wracked East Timor as he was sworn in as prime minister at a ceremony boycotted by the former ruling party Fretilin. The former guerrilla leader and his new...

Pakistan raid kills 12 militants on eve of tribal council

2007-08-09 00:00:00

ISLAMABAD, Aug 8(AFP): Pakistan said Wednesday at least 12 militants were killed in a raid on a remote region near Afghanistan, as tribal elders prepared for a landmark council to rally support against Taliban rebels. The military said that mortars...

Emotions high over Britain's request for Guantanamo inmates

2007-08-09 00:00:00

LONDON, Aug 8 (AFP): London's request for the United States to release five British-linked Guantanamo Bay inmates triggered both fury and relief among commentators here Wednesday. New Foreign Secretary David Miliband wrote to US Secretary of State Condoleezza Rice Tuesday...

news digest

2007-08-09 00:00:00

Crocodile falls to earth in Russian town MOSCOW, Aug 8 (AFP): Residents in the Russian nuclear research town of Sarov got a jaw-dropping surprise Tuesday when a crocodile fell from the twelfth-storey apartment of its owner, the emergency situations ministry...

Expeditious implementation of ADP projects

2007-08-09 00:00:00

THE administrative mechanism whose job it is to translate the directives of the highest authorities of the government follows, as it were, a set of rules that remains constant regardless of who is in charge at any particular point of...

Mobilising resources for the flood

2007-08-09 00:00:00

Enayet RasulTHE countrywide flood in its sweep, devastations and creation of human miseries, is near to becoming like the great deluge of 1988 which was considered as the worst faced by the country in living memory. More than two-thirds of...

The case for a top-down approach

2007-08-09 00:00:00

Samuel Brittan"THE past 15 years have seen inflation settle at low levels throughout the industrialised world. And many countries in the developing world, which had previously experienced high inflation, have seen it falling. If you ask the average business person...

American dream still alive and well for immigrants, report says

2007-08-09 00:00:00

Jeffrey ThomasIMMIGRANTS to the United States continue to find a land of opportunity both for themselves and for their children, according to a new report."America offers dramatic mobility for immigrants," said Ron Haskins, the author of Economic Mobility of Immigrants...

Role of one former Prime Minister

2007-08-09 00:00:00

RECENTLY the chairperson of the Bangladesh Nationalist Party (BNP), in her desperate bid to stage a political comeback is talking irrationally mainly by attacking the caretaker government. She is being supported by one retired Brigadier in her efforts in a...

Generate confidence, dispel panic

2007-08-09 00:00:00

THE first thing that comes to my mind is to tell the caretaker government to dispel panic and fear that are so pervasive among the broad sections of the people because of the task that it has assumed for cleansing...

Need to do much more

2007-08-09 00:00:00

Qazi AzadAN AFP news item and an accompanying photograph showing an Indian villager pulling his cow along a flooded street in Muzaffarpur of Bihar, published in some Dhaka newspapers last Tuesday, have evaporated the expectation that the flood situation in...

Technology will be important for MFIs' dynamism

2007-08-09 00:00:00

S. M. Rahman INFORMATION and communication technology (ICT) environment is, however, slowly gaining currency. Potentials exist for low cost ATM booths that could be opened in the urban and the rural areas as well. We should contemplate and explore the...

Rights of indigenous people

2007-08-09 00:00:00

Khan Ferdousour Rahman INDIGENOUS people live in a wide area of the world. They have a special claim to the right to self-determination. Being indigenous to the lands, their rights were violated by more powerful foreign forces. There is a...

US profits set to lose some of their shine

2007-08-09 00:00:00

Francesco Guerrera and Ben WhiteUS corporate profits grew at the slowest rate in more than five years in the past quarter, hit by troubles in the domestic housing market and weaker commodity prices, according to analysts' estimates.The predicted slowdown in...

Oil prices weaker as speculators exit on weak US growth concerns

2007-08-09 00:00:00

SINGAPORE, Aug 8 (AFP): Oil prices weakened in Asian trade today as speculative funds dashed for the exit amid concerns problems in the housing market could slow US growth, dealers said. New York's main contract, light sweet crude for September...

India becomes 5th largest crude steel producer in world

2007-08-09 00:00:00

NEW DELHI, Aug 8 (PTI): Riding on the back of increasing crude steel production and major capacity expansions being carried out by major steel players, India has become the world's fifth largest crude steel producer in the world. "Based on...

Fed keeps US interest rates on hold, acknowledges market turmoil

2007-08-09 00:00:00

WASHINGTON, Aug 8 (AFP): The Federal Reserve yesterday kept US interest rates unchanged at 5.25 per cent but it acknowledged concerns about tightening credit and a persistent housing market slump dogging the US economy. The central bank has now kept...

GP joins emergency relief efforts for flood victims

2007-08-09 00:00:00

FE Report Grameenphone (GP) Limited has joined in the emergency relief efforts in the flood-affected areas of Dhaka, Rajshahi and Sylhet divisions from Sunday. Distribution of relief materials is being done by a large number of volunteers from the GP...

Good liquoring Dusts get firm rates

2007-08-09 00:00:00

FE ReportThe offerings were larger in the week which met with fairly strong demand from all sections of the market. Good liquoring Dusts sold well at around firm rates. Pakistan buyers were more active on the clean Brokens and Fannings...

Yen slips on hawkish Fed comments

2007-08-09 00:00:00

TOKYO, Aug 8 (AFP): The dollar edged up against the yen in Asian trade today after the Federal Reserve dampened expectations of a US interest rate cut and Japanese machinery orders fell sharply, dealers said. They said a decision by...

BEMEA elects new EC for 2007-09

2007-08-09 00:00:00

FE ReportBangladesh Embroidery Manufacturers and Exporters Association (BEMEA) has elected its new executive council (EC) for the 2007-2009 term. The EC members were introduced to the organisation's AGM, held in the city Sunday.Ekram Uddin Siddique has been elected president of...

Vegetable prices surge 4-5 times in Romania

2007-08-09 00:00:00

BUCHAREST, Aug 8 (Xinhua): Vegetable prices in Romania surged 4- 5 times in 2007, compared to last year, because of drought and speculators, an official said here recently. Aurel Tanase, director general of National Inter- professional Organization Prod Com Vegetables...

Govt to sell 8.5pc stake in IFIC Bank

2007-08-09 00:00:00

The government is set to sell part of its stake in the IFIC Bank Limited, a top official said Wednesday, reports bdnews24.com. According to the plan, the government will offload 8.5 per cent or 1,20,000 shares out of its holdings...