FE Today Logo

Search results for:


Investors trickle back to shares

2007-08-27 00:00:00

PARIS, Aug 26 (AFP): After fleeing over the past few weeks to the bond markets due to the crisis in the subprime sector in the United States, investors last week cautiously started returning to shares. The rebound on the world...

Nat'l Life Ins AGM approves 20pc cash, 20pc stock dividends

2007-08-27 00:00:00

FE ReportThe 22nd annual general meeting (AGM) of the National Life Insurance Company has approved 20 per cent cash and 20 per cent stock (bonus share) dividends for the year that ended on December 31, 2006.The AGM was held in...

BGFCL officers distribute relief goods in B'baria

2007-08-27 00:00:00

Our CorrespondentBRAHMANBARIA, Aug 26: Bangladesh Gas Field Officers' Welfare Association (BGFOWA) distributed relief materials among the flood victims of Chandura and Harospur villages under Sadar Upazila in the district Thursday.Managing Director of Bangladesh Gas Field Company Ltd (BGFCL) Shahidul Abedin,...

China seeks to buy US disk drive maker

2007-08-27 00:00:00

WASHINGTON, Aug 26 (AFP): China is reportedly seeking to buy one of two US disk drive makers in a move sparking new concerns about transfers of sensitive technology. Citing William Watkins, chief executive of Seagate, one of the two disk...

Temasek approaches Nasdaq to buy LSE stake

2007-08-27 00:00:00

LONDON, Aug 26 (Reuters): Singapore's state-owned Temasek Holdings has approached Nasdaq to buy its 30 per cent stake in the London Stock Exchange (LSE), a newspaper reported Sunday. The Sunday Times said in an unsourced report that Temasek had made...

corporatewatch

2007-08-27 00:00:00

Message from DSE/CSE All investors have been requested to make their investment decision on the basis of financial strength of the companies not on the basis of rumour. Niloy Cement recommends no dividend The board of directors of Niloy Cement...

IPO diary

2007-08-27 00:00:00

Continental Insurance LimitedNature of Business : Insurance businessSubscription Open : Nov 18, 2007Subscription Close : Nov 22, 2007For Non resident : Nov 18 to Dec 1, 2007Offer Price (Tk.): 100.00Face Value (Tk.): 100.00Market lot (Share): 50Sponsors Portion (Share): 600,000Public Offer...

APEC urged to pave way for Pacific free trade zone

2007-08-27 00:00:00

SINGAPORE, Aug 26 (AFP): It may be a distant goal at the moment but Asia-Pacific leaders are likely to give a nudge to plans for a vast free trade zone stretching from China to Chile when they meet in two...

Indo-US N-deal failure could hit FDI inflow: Tata

2007-08-27 00:00:00

NEW DELHI, Aug 26 (PTI): Tata Sons Chairman Ratan Tata has said any failure of the Indo-US nuclear deal would be a "serious setback" for India and could impact inflow of foreign direct investments (FDIs) to the country. In an...

Little sign of upturn despite Zimbabwe inflation slowdown

2007-08-27 00:00:00

HARARE, Aug 26 (AFP): A drop in the monthly inflation rate may have been greeted with sighs of relief by the Zimbabwean government, but analysts and consumers have seen little evidence that the economy has turned a corner. After suppressing...

ASEAN to complete free trade pacts by 2013

2007-08-27 00:00:00

MANILA, Aug 26 (AFP): The Association of Southeast Asian Nations (ASEAN) will complete its free trade agreements with China, Japan, South Korea, India, Australia and New Zealand by 2013, an official said today. The announcement came after ASEAN economic ministers...

Myanmar reduces purchase tax levying on real estate

2007-08-27 00:00:00

YANGON, Aug 26 (Xinhua): The Myanmar ministry of finance and revenue has reduced levying of tax on purchase of real estate including land, house, building and apartment, the local Kumudra news journal reported today. Buyer, who fails to declare his...

'Edn key to keep US competitive in globalised economy'

2007-08-27 00:00:00

BILOXI, Mississippi, Aug 26 (Reuters): Federal Reserve Bank of Dallas President Bank Richard Fisher said Saturday that education is key to keeping the United States competitive in a globalised economy."Oil wells eventually run dry. An educated mind never does," Fisher...

Currencies mostly up against dollar, yen lower

2007-08-27 00:00:00

HONG KONG, Aug 26 (AFP): Asian currencies ended the week mainly higher against the dollar, with concerns easing after global stock markets rebounded, but the yen fell after hitting a 14-month high the week before. JAPANESE YEN: The yen lost...

China to buy more electronic products from Russia

2007-08-27 00:00:00

BEIJING, Aug 26 (PTI): China and Russia have agreed to establish a joint chamber of commerce for machinery and electronic products to revive trade in this sector while diversifying the trade basket. Chinese Commerce Minister Bo Xilai and visiting Russian...

ASEAN, China to boost product safety

2007-08-27 00:00:00

MANILA, Aug 26 (AP): Southeast Asian countries and China agreed to strengthen product standards and safety, economic ministers said Sunday. The move follows recalls of several tainted Chinese products from international markets.Chinese Commerce Minister Bo Xilai also defended the quality...

At 100, India's Tata Steel aims to double output

2007-08-27 00:00:00

NEW DELHI, Aug 26 (AFP): India's Tata Steel, the world's sixth largest steelmaker since its purchase of Britain's Corus group, said it aimed to more than double production by 2015 as it celebrated the 100th anniversary of its founding today....

Iran says current OPEC production is enough

2007-08-27 00:00:00

TEHRAN, Aug 26 (AFP): Iran, OPEC's second largest oil producer, said yesterday it does not foresee any change in the cartel's output ceiling being decided on at the September 11 meeting in Vienna. "It seems that the current OPEC production...

'Terror' blamed as India blasts kill 42

2007-08-27 00:00:00

HYDERABAD, (India), Aug 26 (AFP): Officials were combing for clues Sunday after a string of blasts blamed on militants ripped through the southern Indian city of Hyderabad, killing at least 42 people and injuring over 100. Three explosions rocked a...

Greece in state of emergency as forest fires kill 49

2007-08-27 00:00:00

ATHENS, Aug 26 (AFP): Hundreds of firefighters battled Sunday raging forest fires in southern Greece that have killed at least 49 people and forced the government to declare a state of emergency. Prime Minister Costas Karamanlis said in a message...

Militants killed along Afghan-Pak border

2007-08-27 00:00:00

KABUL Aug 26 (AFP): US and Afghan troops killed more than a dozen militants who were attacking from positions in eastern Afghanistan and across the border in Pakistan, the US-led coalition said in a statement Sundayt said the Pakistan military...

100,000-plus without power in Midwest

2007-08-27 00:00:00

COLUMBUS, (Ohio), Aug 26 (Agencies): Hundreds of thousands of people were without power after their homes were battered by fierce winds and flooding rainstorms that slammed the rain-soaked MidwestTornado warnings were issued Saturday afternoon for parts of central and southeast...

Iranian general replaces Ahmadinejad aide in key post

2007-08-27 00:00:00

TEHRAN, Aug 26 (AFP): An Iranian army general today replaced a top aide to President Mahmoud Ahmadinejad in a key interior ministry post in charge of organising elections, state broadcasting said. Armed forces spokesman General Alireza Afshar took over the...

Fear descends on Yangon after crackdown

2007-08-27 00:00:00

YANGON, Aug 26 (AFP): A week after Myanmar's junta cracked down on peaceful protests against soaring fuel costs here, residents now live in fear, with few daring to venture out into a city swarming with plainclothes police. The streets of...

news digest

2007-08-27 00:00:00

70 dead in India cholera outbreak BHUBANESWAR, (India), Aug 26: At least 70 people have died and another 1,500 people are suffering from cholera in the eastern Indian state of Orissa, officials said Sunday. The water-borne disease broke out in...

Green team keep winning spree

2007-08-27 00:00:00

Pace spearhead Mashrafe Bin Mortaza-led Green team maintained their winning run in the twenty20 practice matches against Mohammad Ashraful-led Red team, winning the 3rd match by nine runs at the Mirpur Sher-e-Bangla National Stadium in the city Sunday, reports UNB.The...

Zimbabwe top order off to a sound start

2007-08-27 00:00:00

Faced with a stiff target of 324, Vusi Sibanda and Hamilton Masakadza made a positive start and Tatenda Taibu kept Zimbabwe close to the required run rate. The openers couldn't make it past the forties but Taibu's intent suggested he...

Academy team face Western Australia in tour opener today

2007-08-27 00:00:00

Bangladesh National Cricket Academy team begins their Australia tour with the Institute Challenge one-day competition as they play Western Australia in their first match today (Monday) at the Marrara Cricket Ground 2, reports UNB.The visiting Academy team will face New...

Ballseye

2007-08-27 00:00:00

Saiful KaiserThe Pakistan board forgave Shoaib Akhtar of indiscipline for the time being and suspended a Rs 300,000 fine. The fast bowler was also warned not to breach the board's code of conduct for another next six weeks. What if...

Evil force tried to destabilize country's situation: Moeen

2007-08-26 00:00:00

SHARIATPUR, Aug 25 (UNB): Army chief of Staff General Moeen U Ahmed today said an evil force wanted to destabilise the situation of the country but its design was frustrated. "An evil force taking advantage of a trifle incident on...