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Asian markets rise

2007-08-28 00:00:00

HONG KONG, Aug 27 (AP): Asian markets rose Monday, with Hong Kong shares jumping 2.90 per cent to a new record, while Chinese stocks also hit a fresh high. India's benchmark index also surged 2.90 per cent.But trading was light...

ICAB team to attend SAFA confce, board meet

2007-08-28 00:00:00

FE ReportA team of the Institute of Chartered Accountants of Bangladesh (ICAB) left Dhaka recently for Colombo to attend the SAFA International Conference and second SAFA board meeting.President of the ICAB M Farhad Hussain is leading the ICAB delegation to...

Pinky Sikder wins DHL YES awards

2007-08-28 00:00:00

DHL, the world's leading express and logistics company, announced Ms Pinky Sikder has been honored with Bangladesh's first DHL young entrepreneurs for sustainability (YES) award, said a press release.The three finalists of the DHL YES awards - Pinky Sikder, Ruhi...

European stocks gain

2007-08-28 00:00:00

PARIS, Aug 27 (AFP): European markets were broadly higher late morning Monday, but trading was subdued with the London stock exchange closed for a public holiday in Britain. In Paris, the CAC 40 index of leading shares gained 0.67 per...

US Steel to buy Stelco for about $1.1 billion

2007-08-28 00:00:00

TORONTO/NEW YORK, Aug 27 (Reuters): US Steel Corporation is to acquire Stelco Inc for about US$1.10 billion to strengthen its position as a supplier of flat-rolled steel products in North America, the companies said. Stelco, the last big Canadian-owned steelmaker...

corporatewatch

2007-08-28 00:00:00

Arbee Textile recommends no dividend The board of directors of Arbee Textile has recommended no dividend for the year that ended on December 31, '06. Other information relating to the annual general meeting (AGM) will be notified later. Dhaka Bank...

IPO diary

2007-08-28 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...

Deadly blasts in hi-tech hub of Indian city raise concerns about investment

2007-08-28 00:00:00

BANGALORE, India, Aug 27 (AFP): Deadly blasts in the hi-tech hub of Hyderabad, the second attack in the southern Indian city in three months, have raised concerns about investment in a region powering the national economy. The bombs late Saturday,...

Iran's third key economic policymaker resigns

2007-08-28 00:00:00

TEHRAN, Aug 27 (AFP): The head of the Iranian central bank resigned yesterday, the third departure of a key economic policymaker from President Mahmoud Ahmadinejad's administration in just two weeks. The resignation of Ebrahim Sheibani comes after the unexpected departures...

Hu to attend APEC economic leaders' meeting

2007-08-28 00:00:00

BEIJING, Aug 27 (Xinhua): Chinese President Hu Jintao will pay a state visit to Australia from September 3 to 9, and attend the 15th economic leaders' informal meeting of Asia- Pacific Economic Cooperation (APEC). This was announced by Chinese Foreign...

China to enact law on circular economy

2007-08-28 00:00:00

BEIJING, Aug 27 (CEIS): The draft law on recycling economy of China, made to boost sustainable development through energy saving and reduction of pollutant discharge, was deliberated for the first time by lawmakers yesterday. The draft law was submitted to...

Export trouble raises fears for Thai economy

2007-08-28 00:00:00

BANGKOK, Aug 27 (AFP): Exports, a pillar of strength in Thailand's wobbly economy, have suddenly slowed due to cooling foreign demand and a strong currency, raising fears the kingdom will miss already modest growth targets. Thailand counts on exports for...

China blames design for Mattel recalls

2007-08-28 00:00:00

BEIJING, Aug 27 (AFP): A design fault was mostly to blame for US toy giant Mattel's recall of millions of products, not the Chinese manufacturers, China's chief safety watchdog said today. Eighty-five per cent of the roughly 20 million toys...

Oil prices fall in Asian trade

2007-08-28 00:00:00

SINGAPORE, Aug 27 (AFP): World oil prices fell in Asian trade today in a market fretting over underlying credit worries in the United States, dealers said. Trading was likely to be relatively subdued with the London market closed for a...

China's vice premier calls for stabilisation of property prices

2007-08-28 00:00:00

BEIJING, Aug 27 (AFP): China will provide more housing for low-income families as part of efforts to stablise soaring property prices, state media reported today, citing Vice Premier Zeng Peiyan. Zeng said local governments should strive to offer adequate housing...

CEMEX Cement holds technical seminar for masons

2007-08-28 00:00:00

FE ReportCEMEX Cement Bangladesh Ltd arranged a technical seminar titled 'Nirapod Nirman Tips' for the masons at City Park Chinese Restaurant at Mohammadpur in the city Saturday. About 220 masons were present at the programme. CEMEX Cement's technical team held...

Malaysia's land agency acquires US bio-diesel firm

2007-08-28 00:00:00

KUALA LUMPUR, Aug 27 (AFP): Malaysia's land development agency has acquired the entire equity interest in US-based Twin Rivers Technologies, one of North America's largest bio-diesel manufacturers, local media said today. The Federal Land Development Authority (Felda) made the 241.4...

‘Neem toothpaste unsafe’

2007-08-28 00:00:00

TORONTO, Aug 27 (PTI): Canadian health department has advised people against using a Neem toothpaste from India, claiming that it contains high levels of harmful bacteria apart from a chemical found in antifreeze which was discovered earlier. Neem Active Toothpaste...

Tigers aim to play in second round of Twenty20 World Championship

2007-08-28 00:00:00

Bangladesh skipper Mohammad Ashraful Monday said they have a target to play in the second round of the ensuing Twenty20 World Championship to be held in South Africa next month, reports UNB."We'll definitely try to play good cricket… have a...

Bell guides England to 281

2007-08-28 00:00:00

Ian Bell continued his outstanding form, notching up 79 as England posted a competitive 281 in the third one-day international at Edgbaston. The innings never quite hit its threatened heights as India plugged away and a number of batsmen made...

Mashrafe XI beat Ashraful XI

2007-08-28 00:00:00

Speedster Mashrafe Bin Mortaza-led Mashrafe XI made a clean sweep over Ashraful XI as his side won the 5th and final practice twenty20 match by six wickets at the Mirpur Sher-e-Bangla National Stadium (SBNS) in the city Monday, reports UNB.Batting...

Ballseye

2007-08-28 00:00:00

Saiful KaiserWin or lose, England put up a respectable total for India to have a crack at in the third one-day international at Edgbaston. Matt Prior and Alastair Cook gave their side a good start adding 76 for the opening...

Taibu's ton in vain as SA complete clean sweep

2007-08-28 00:00:00

South Africa staved off a spirited run-chase to complete a successful weekend double-header, beating Zimbabwe by 28 runs in the most competitive match of the series to seal it 3-0. The best crowd of this short one-sided series, sipping their...

Ochoa cruises to 3rd straight LPGA title

2007-08-28 00:00:00

PORTLAND, Aug 27 (AP): Lorena Ochoa won her third straight LPGA title with a five-stroke victory in the Safeway Classic Sunday. Ochoa shot a 71 in the final round for a 12-under 204 at Columbia Edgewater Country Club for her...

BFF women XI draw with Orissa

2007-08-28 00:00:00

BFF Women XI forced strong Orissa Women's team to a 1-1 draw in the fourth and last exhibition match at the Bangabandhu National Stadium in the city Monday, reports UNB.Youth and Sports Adviser Tapan Chowdhury was present as the chief...

Strike called in Hyderabad after bomb carnage

2007-08-28 00:00:00

HYDERABAD, (India), Aug 27 (AFP): A strike called by right-wing Hindu nationalists kept many people off work and shut schools Monday after twin bomb blasts blamed on Islamic militants killed 42 civilians in this Indian city. The Bharatiya Janata Party...

Rising carbon dioxide levels fuelling encroachment of shrubs on global grasslands

2007-08-28 00:00:00

CHICAGO, Aug 27(AFP): Rising carbon dioxide levels are almost certainly fuelling the encroachment of shrubs on global grasslands, a trend that could eventually jeopardise the use of these lands for cattle grazing, according to a study released Monday. Shrubs have...

Prosecutor orders probe into Greek fires

2007-08-28 00:00:00

ATHENS, Aug 27 (Agencies): A top prosecutor ordered an investigation Monday into whether this summer's arson attacks in Greek forests could be considered terrorism, the Public Order Ministry saidMeanwhile, a fire broke out on the fringes of Athens a day...

50 arrested after new protest in Myanmar

2007-08-28 00:00:00

YANGON, Aug 27 (AFP): About 50 pro-democracy activists were briefly arrested Monday outside Yangon, as the Myanmar junta clamped down on dissent following a series of protests last week against a sharp hike in fuel prices. The protest was the...

NATO soldier killed in Afghan bombing

2007-08-28 00:00:00

KABUL, Aug 27 (AFP): A NATO soldier was killed in a Taliban-type bombing in southern Afghanistan, becoming the second alliance trooper to die at the weekend, the multinational force said Monday. Another soldier was injured in the blast on Sunday...