WASHINGTON, July 12 (AFP): Fresh troubles in the subprime segment of the US housing market have reignited fears of contagion that could affect the broad financial sector and possibly the broader economy, analysts say. Those fears were fanned this week...
BRASILIA, July 12 (AFP): Brazil yesterday filed a complaint with the World Trade Organisation (WTO) over US farm subsidies between 1999 and 2005, the foreign ministry said in a statement. Going back on an earlier decision to join Canada's complaint...
KATHMANDU, July 12 (BSS/Xinhua) -- The rate of Nepali economic growth for the fiscal year 2006/2007 has been estimated to be 2.5 percent, the national news agency, RSS, reported today. This is stated in the Economic Survey for Fiscal Year...
TOKYO, July 12 (AFP): The Bank of Japan (BoJ) today left its super-low interest rates on hold at 0.5 per cent but the vote was split 8-1 with one policy board member calling for a rate rise. Atsushi Mizuno, who...
SINGAPORE, July 12 (AFP): Singapore can expect to conclude a free trade agreement with China by next year, a top government official said in remarks published today after meeting China's Vice Premier Wu Yi. Talks on the FTA began last...
SYDNEY, July 12 (AFP): Australia's unemployment rate rose to a seasonally adjusted 4.3 per cent in June from a record low of 4.2 per cent in May, official figures showed today. Market analysts had expected the jobless rate to have...
FE ReportA contribution agreement has recently been signed between Energypac Agro Limited (EAL) and IDLC of Bangladesh Ltd (IDLC) to assist in creating a joint venture with a foreign partner for producing value added coconut coir products for both domestic...
SINGAPORE, July 12 (AFP): Oil prices were higher in Asian trade today as the market continued to fret over US gasoline (petrol) reserves, dealers said. New York's main oil futures contract, light sweet crude for August delivery, was eight cents...
NCC Bank Ltd organised a day-long workshop on 'MoneyGram and Anti Money Laundering Compliance' for its executives and officers at its training institute in the city recently, said a press release. Deputy Managing Director of the bank SM Shamsul Alam...
Our CorrespondentBRAHMANBARIA, July 11: The government has realised Tk 62.496 million (6.2496 crore) as land development tax in the district through 76 'tahshil' offices in the 2006-07 financial year, said sources.The target of realising land development tax in Brahmanbaria was...
FE ReportSinger Bangladesh Limited has opened its 228th Singer Plus Store at Binodpur in Rajshahi as part of its commitment to offer quality products through chain stores across the country.Marketing Director of the company Sajidur Rahman Khan formally inaugurated the...
HONG KONG, July 11 (AP): Most Asian markets fell Wednesday, tracking overnight weakness on Wall Street, with Japanese stocks declining for a second day while Hong Kong shares snapped a six-session rally.In Tokyo, the Nikkei 225 index dropped 203.16 points,...
Iran is contemplating recruitment of unskilled, semi-skilled and professional manpower from Bangladesh, Foreign Adviser Iftekhar Ahmed Chowdhury said Wednesday, reports UNB."Iran is currently analysing our manpower potentials," he told reporters after a meeting with Iranian Ambassador Hassan Farazandeh at the...
Iran is contemplating recruitment of unskilled, semi-skilled and professional manpower from Bangladesh, Foreign Adviser Iftekhar Ahmed Chowdhury said Wednesday, reports UNB."Iran is currently analysing our manpower potentials," he told reporters after a meeting with Iranian Ambassador Hassan Farazandeh at the...
LONDON, July 11 (AFP): Europe's main stock markets dived lower Wednesday as fears about the troubled US housing sector reverberated across global equities, dealers said. London's FTSE 100 index of leading shares fell 0.52 per cent to 6,596.40 points, Frankfurt's...
FE ReportICB AMCL, a subsidiary of the Investment Corporation of Bangladesh (ICB), has declared the net asset value (NAV) of its Islamic Mutual Fund.The total NAV of the ICB AMCL Islamic Mutual Fund stood at Tk 11,91,08,553.26 on the basis...
FE ReportButterfly Marketing Limited (BML) has launched a month-long programme to celebrate its 20 years of marketing electronic home appliances.On the occasion the company is providing the customers with special concessions and prizes. In 1987 MA Mannan launched BML. Beginning...
FE ReportThe City Bank Limited has been rated A Minus (A-) for long term and ST-3 in the short term for banking performance for the year-2006 by the Credit Rating Information and Services Limited (CRISL), according to a press release.
DSE suspends ISN tradingFor disseminating confusing information trading of the shares of Information Services Network Limited will remain suspended until further instruction. Response to DSE query Progressive Life Ins: In response to a DSE query, the authorities of Progressive Life...
Proper implementation of the budget within its current deficit is a major challenge for the government, said Finance Adviser Mirza Azizul Islam, reports UNB."Like other developing countries, we've many challenges, but we're considering the high revenue collection target and implementation...
FE ReportFederation of Bangladesh Chambers of Commerce and Industries (FBCCI) President Mir Nasir Hossain said the world is "open to all" and the country needs skilled and efficient people to take advantage of the global economy and to accelerate economic...
Our CorrespondentCHITTAGONG, Jul 11: Existence of coastal fish is under threat because of indiscriminate fishing and unchecked movement of fishing-trawlers in the Bay of Bengal.Although there are specific guidelines regarding catching fish in the Bay, regrettably these are hardly followed...
FE Report ICE Technologies and Services Limited, one the leading systems integrators in the telecommunications industry in the country, Tuesday signed a partnership agreement with Hungama Mobile for distributing mobile content of Bangladeshi music to global market.Hungama Mobile is currently...
Grameenphone subscribers will enjoy special prices for 70 destinations of five continents on Thai Airways until September 30, 2007. An agreement has been signed between Grameenphone and Thai Airways in this connection recently, said a press release.Under the agreement, Grameenphone...
FE ReportTraining workshops organised by SRG Bangladesh (SRGB)-a leading research and management consulting firm of the country on 'SME Banking Sales Skill' concluded recently, said a press release.It was a series of training workshop jointly sponsored by IFC-SEDF and BRAC...
KHULNA, July 11 (UNB): Some 3,119 permanent workers and officials of the People's Jute Mill under Bangladesh Jute Mills Corporation (BJMC) at Khalishpur have been terminated.A fax message of BJMC in this connection was hung on the notice board of...
ISLAMABAD, July 11 (AFP): An operation by Pakistani troops to flush out militants holed up in Islamabad's Red Mosque is in its "final stage" Wednesday, more than 24 hours after it began, the military said. Chief military spokesman Major General...
BASILAN, (Philippines), July 11 (AFP): Islamic militants killed 14 Philippine marines searching for a kidnapped Italian priest during a gunbattle, and later beheaded 10 of them, marine spokesman Ariel Caculitan said Wednesday. "All 10 marines earlier reported missing have been...
SEOUL, July 11 (AFP): South Korea's foreign minister said Wednesday he expects North Korea to shut down its nuclear reactor within days, as soon as UN monitors and a fuel oil aid shipment arrive in the communist state. The North...
BERLIN, July 11 (AFP): A German woman held hostage in Iraq since early February has been freed but her son remains in the hands of the kidnappers, Foreign Minister Frank-Walter Steinmeier said on Wednesday "Hannelore Krause's hostage ordeal has come...
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