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Outcry in India over Nokia phones

2007-08-19 00:00:00

NEW DELHI, Aug 18 (AFP): The world's leading mobile phone maker Nokia pleaded for calm in India yesterday as thousands of anxious customers sought free replacements for potentially defective batteries made in Japan. Police laid on extra security at one...

Govt may seize Australian ports, PM warns states

2007-08-19 00:00:00

SYDNEY, Aug 18 (AFP): Australian Prime Minister John Howard today warned state governments he would seize control of the nation's ports unless they implemented reforms to reduce backlogs. The government says exports have been hurt by delays at key ports,...

Japan likely to leave interest rates on hold

2007-08-19 00:00:00

TOKYO, Aug 18 (AFP): The Bank of Japan (BoJ) is likely to leave interest rates on hold when it meets next week because of continued uncertainty about the US economy, a news report claimed yesterday, "BoJ policymakers have no choice...

ADB offers $300m loans to road project in China

2007-08-19 00:00:00

BEIJING, Aug 18 (Xinhua): The Asian Development Bank (ADB) is giving a loan of 300 million US dollars to fund development of a road network in southwest China's Guangxi Zhuang autonomous region. The Western Guangxi roads development project, which will...

Metals slump, oil rises amid market volatility

2007-08-19 00:00:00

LONDON, Aug 18 (AFP): Metals prices plunged this week as traders sold heavily investments in gold and copper owing to fears of a global economic slowdown caused by the ongoing US housing crisis. But a move Friday by the US...

India’s inflation falls to 4.0pc on lower food prices

2007-08-19 00:00:00

NEW DELHI, Aug 18 (PTI): Lower prices of essential food items, particularly vegetables and fruits, pulled down inflation to a one-and-half-month low of 4.05 per cent for the week ended August 4, compared to 4.45 per cent in the previous...

Oil prices rebound, London back above 70 dollars

2007-08-19 00:00:00

NEW YORK, Aug 18 (AFP): Oil prices rebounded yesterday on news of US Federal Reserve action to ease a credit crunch and a major hurricane plowghing toward the Gulf of Mexico, home to critical energy installations. New York's main futures...

Chinese aluminium maker to invest $400m in India

2007-08-19 00:00:00

YINCHUAN, Aug 18 (PTI): China's second largest aluminium maker Qingtongxia Aluminium Group will make the country's biggest investment so far in India by pumping in USD 400 million in a joint venture in Gujarat to produce alumina, senior Chinese officials...

Euro climbs against dollar, yen after Fed rate cut

2007-08-19 00:00:00

NEW YORK, Aug 18(AFP): The euro climbed against the dollar and the yen yesterday after the US Federal Reserve cut its discount rate to ease liquidity in the banking system and widening fears of a credit crunch. The euro climbed...

Heaped up 0.45m cases trap Tk 465b in loan defaults

2007-08-19 00:00:00

About 0.45 million (4.5 lakh) cases involving Tk 464.90 billion (46,490 crore) in defaulted loans have remained unresolved in courts for years, bankers said Saturday, reports bdnews24.com.The settlement of the cases becomes overly protracted mainly due to writ petitions in...

ICB AMCL declares NAV of two unit funds

2007-08-19 00:00:00

FE Report ICB AMCL, a subsidiary of the Investment Corporation of Bangladesh (ICB), has declared net asset value (NAV) of its two unit funds. The NAV of ICB AMCL unit fund stood at Tk 48,29,43,922.86 on the basis of cost...

ICAB holds seminar on bank audit, quality control

2007-08-19 00:00:00

FE ReportA seminar on Guidance For Bank Audit and Introduction of Framework for Quality Control was organised by the Institute of Chartered Accountants of Bangladesh (ICAB) at its auditorium in the city Thursday. Former ICAB president and Pragati Insurance Managing...

SME helpline centre opened in WEAB head office

2007-08-19 00:00:00

FE ReportThe Ministry of Industries has recently launched an SME helpline centre in the head office of Women Entrepreneurs Association of Bangladesh (WEAB) under a TA project of the Asian Development Bank (ADB) titled SME Sector Development Programme (SMESDP). The...

BRAC holds workshop on 'Shufola' seed

2007-08-19 00:00:00

FE ReportBRAC Seed Enterprise organised a workshop on 'Shufola' seed for its dealers and distributors from across the country at the BRAC Centre Inn in the city Saturday.The necessity to produce and distribute hybrid seeds among the flood-affected farmers for...

Greenback fluctuates against BDT

2007-08-19 00:00:00

Sarwar Zahan US dollar fluctuated against Bangladesh taka (BDT) last week in a steady market. The rates rose in the middle of the week, but subdued in the end. The exchange rate of the greenback moved between Tk 68.50 and...

BAF personnel complete Biman-organised course

2007-08-19 00:00:00

FE ReportThe certificate awarding ceremony of the courses titled 'Airfield Support Services and Airport Ground Services and Handing of Dangerous Goods', was held recently at Bangladesh Airlines Training Centre. Biman Bangladesh Airlines organised the courses for the personnel of Bangladesh...

Citi Foundation donates $25,000 for flood victims

2007-08-19 00:00:00

Citi Foundation, the philanthropic wing of Citigroup, made a grant of US$ 25,000 to Bangladesh Rural Advancement Committee (BRAC) in aid of the victims of the recent devastating flood, reports UNB. The contribution was made to BRAC, a non-government organisation,...

IBBL, IBF help flood-hit people

2007-08-19 00:00:00

FE ReportIslami Bank Bangladesh Limited (IBBL) and Islami Bank Foundation (IBF) are continuing their relief distribution in the country's various flood-affected areas. Pabna, Faridpur and Takerhat branches of IBBL and Pabna branch of IBF recently distributed foods, cloths and medicines...

Banglalink desh Music Fest '07 ends

2007-08-19 00:00:00

FE Report The two-day Banglalink desh Music Fest 2007 ended at Fantasy Kingdom Saturday. Arranged by Carnival Event Management, the programme is a segment of the ongoing charity activities of Banglalink for helping the flood-affected people across the country. It...

IDLC donates Tk 1,42,890 for flood relief

2007-08-19 00:00:00

FE ReportIDLC Finance Ltd, one of the leading leasing companies of the country, donated Tk 1,42,890 for 'Brac Flood Relief Programme'. The cheque was handed over by IDLC Finance Ltd Managing Director and CEO Anis A Khan to BRAC Chairperson...

Half of country's population can be reached on TV for $1,000

2007-08-19 00:00:00

FE ReportAn amount of $1,000 would be enough to reach out almost to half of the country's population by using television, said Asiatic MindShare Bangladesh General Manager Partha Ghosh.This disclosure is based on the findings of a survey, "What can...

ACNielsen Asia-Pacific HR chief due in city tomorrow

2007-08-19 00:00:00

FE ReportACNielsen Asia Pacific Chief Human Resources Officer Asuncion G Sunico will arrive in the city tomorrow (Monday).Sunico is expected to embark on reviewing and developing the ACNielsen's human resources issues and business in the country. She will be accompanied...

PBF forms advisory body for education programme

2007-08-19 00:00:00

FE Report Prime Bank Foundation (PBF) has formed an advisory committee for its education support programme. Under the programme, poor but meritorious students will be provided with financial assistance in the form of monthly stipends for the persuasion of their...

CU student gets Meril Beauty Soap award

2007-08-19 00:00:00

FE Report Umme Salma Diti from Chittagong finally received the Meril Beauty Soap award for giving the most attractive answer at a countrywide campaign on 'How do you feel after a great shower?' organised by the soap company.Meril Beauty Soap...

Emirates counts down to Brazil launch

2007-08-19 00:00:00

FE ReportBrazil will soon be within easy reach for Emirates passengers, with just over six weeks to go until the launch of the first ever non-stop flight between Dubai and Sao Paulo.The six-a-week service, which begins on October 1, will...

IPO diary

2007-08-19 00:00:00

City General Insurance Company Limited Nature of Business: General Insurance Subscription Open: Aug 19 2007Subscription Close: Aug 23 2007 Offer Price (Tk.): 100.00 Market lot (Share): 50 Public Offer (Share): 900,000 Sponsors Portion (Share): 600.000 Private Placement (Share): Total Paid...

Rescuers race to find Peru quake survivors

2007-08-19 00:00:00

PISCO, Peru, Aug 18 (AFP): Rescuers in Peru early Saturday sifted through rubble in search for victims of an earthquake that killed 500 people as President Alan Garcia surveyed the wreckage of this Peruvian town. Rescue teams including visiting Spanish...

White House to propose gradual troop cuts in Iraq

2007-08-19 00:00:00

WASHINGTON, Aug 18 (AFP): US President George W. Bush will announce plans for gradual troop reductions from Iraq, but at levels far short of those sought by his critics in Congress, The New York Times reported today. The goal of...

N Korea postpones summit over deadly floods

2007-08-19 00:00:00

SEOUL, Aug 18 (AFP): North Korea on Saturday asked to postpone this month's summit with South Korea because of devastating flooding which has left over 300 people dead and sparked a food crisis in the communist state. "North Korea asked...

Iranian Guards threaten to ‘punch’ US

2007-08-19 00:00:00

TEHRAN, Aug 18 (AP): Iran's elite Revolutionary Guards said they would not bow to pressure and threatened to "punch" the U.S., in their first response to Washington's plan to list them as a terrorist organization, newspapers reported Saturday. Local press...