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China introduces rules to stabilise stock market

2007-07-08 00:00:00

SHANGHAI, July 7 (AFP): China announced new rules Friday that would restrict how companies' state-held shares are floated on the nation's bourses to prevent a flood of stock from destabilising the market. The rules released by assets and securities regulators...

IBBL holds half-yearly conference

2007-07-08 00:00:00

FE ReportA day-long half-yearly conference of the heads of zones, corporate branches and branches under Dhaka central, south and north zones of Islami Bank Bangladesh Limited (IBBL) was concluded in the city Friday, said a press release.Chairman of the board...

Greenback loses ground against Bangladesh Taka

2007-07-08 00:00:00

Sarwar Zahan US dollar lost ground against Bangladesh taka (BDT) last week due to lower demand for the greenback. The exchange rate of the greenback ranged between Tk 68.70 and Tk 68.85 against the previous week's range between Tk 68.80...

Agrani Ins re-elects Zaker chairman

2007-07-08 00:00:00

FE ReportThe board of directors of Agrani Insurance Co Ltd, in its recent meeting, unanimously re-elected Zaker Ahmed as the company's chairman, Mahmudul Hoque as vice chairman-1 and Quazi Sakhawat Hossain (Lintoo) as vice chairman-2.Zaker Ahmed is a senior chartered...

Banglalink Desh gives the lowest call rate

2007-07-08 00:00:00

FE ReportBanglalink Desh, the most popular pre-paid package reduced its call rate. After the off-peak offers, this package is now also offering special call rate in peak hours. From now on the Banglalink subscribers can talk to any mobile at...

Job fair begins on DU campus

2007-07-08 00:00:00

DU CorrespondentIn a bid to deepen interaction between the faculty graduates and corporate business organisations a three-day career development and job fair titled 'Corporate Bridge' began Saturday on the Business Studies Faculty premises of the Dhaka University (DU) in the...

Matin made IIBL additional MD

2007-07-08 00:00:00

FE ReportMd Abdul Matin has recently been promoted to the post of additional managing director of Islami Insurance Bangla-desh Limited (IIBL), according to a press release. Prior to promotion, he was the deputy managing director of the company. He joined...

European stocks advance amid high oil prices

2007-07-08 00:00:00

LONDON, July 7 (AFP): Europe's main stock markets climbed higher Friday as the oil sector was energised by soaring crude prices, dealers said. London's FTSE 100 index of leading shares rose 0.42 per cent to 6,663.20 points, Frankfurt's DAX 30...

US stocks end week higher after jobs data

2007-07-08 00:00:00

NEW YORK, July 7 (AP): Wall Street ended the first week of the third quarter with a respectable gain Friday, shaking off early losses as investors found signs of strength in the government's June employment report. For the most part,...

IPO diary

2007-07-08 00:00:00

International Leasing and Financial Services LimitedNature of Business Lease Finance and Term Finance Subscription Opens July 02, 2007Subscription Closes July 08, 2007Subscription for NRB July 02, 2007 to July 17, 2007Offer Price (Tk.) 225.00 (including premium of Tk. 125)Face Value...

70 killed at Pakistan mosque: Cleric

2007-07-08 00:00:00

ISLAMABAD, (Pakistan) July 7 (AP): The top cleric at a besieged mosque in Pakistan's capital accused security forces Saturday of killing more than 70 of his students but said he and his supporters preferred martyrdom to capture. Explosions and intense...

73 die in Iraq suicide bombing attacks

2007-07-08 00:00:00

BAGHDAD July 7 (AFP): A string of suicide bombings killed at least 73 people and wounded dozens in Shiite villages north of Baghdad, including a large truck bombing Saturday that ripped through an outdoor market and buried victims in rubble,...

30 Taliban killed in Afghanistan

2007-07-08 00:00:00

KABUL, July 7 (AFP): Security forces killed more than 30 Taliban with air and ground attacks, the US-led coalition said Saturday, in the latest burst of fighting against an intensifying Islamist insurgency in Afghanistan. The battle erupted in the southwestern...

Heat wave could continue into next week

2007-07-08 00:00:00

HELENA, Mont. July 7 (AP): If a record-breaking heat wave doesn't lift soon, cattle rancher Sharon McDonald may see her hay crop turn to dust. Oppressive temperatures eased a bit Friday in some parts of the West, but McDonald's central...

Thousands turn out for Live Earth concerts

2007-07-08 00:00:00

TOKYO, July 7 (AFP): Thousands of fans packed arenas in Sydney and Tokyo on Saturday as the first all-day music concerts to raise awareness about climate change kicked off around the globe. Rock stars urged thronging crowds in Tokyo to...

Chechen deputy interior minister killed

2007-07-08 00:00:00

GROZNY, July 7 (AFP): Chechnya's deputy interior minister, Akhmed Dakayev, was shot and killed by rebels in the capital Grozny, local officials said Saturday. "He had gone with his group to check out a report on the presence of the...

news digest

2007-07-08 00:00:00

Fourteen killed in Indonesia school bus plunge JAKARTA, July 7: Fourteen people were killed and 37 injured Saturday when a bus carrying schoolchildren plunged into a ravine, the Detikom news agency reported. The bus driver lost control after swerving to...

Morton leads West Indies fireworks

2007-07-08 00:00:00

A sedate 82 from Chris Gayle and a mature innings from Runako Morton built an impressive total for West Indies in the deciding one-day international at Trent Bridge. Gayle batted into the 42nd over, anchoring the innings while England chipped...

Champs Japan struggling to peak for Asian Cup opener

2007-07-08 00:00:00

HANOI, Jul 7 (AFP): Defending champions Japan are struggling against time, fatigue, torturous weather and coach Ivica Osim's frustration to peak for their Asian Cup opener against Qatar Monday."You'd better become realists. My job has no choice but to be...

Pepsi-DRU cricket tournament begins today

2007-07-08 00:00:00

The Pepsi-DRU six-a-side Cricket tournament begins today (Sunday) at the Maulana Bhasani Hockey Stadium with eight matches on the cards, reports UNB.Former secretary general of Bangladesh Olympic Association (BOA) Mahbubur Rahman is expected to open the meet as chief guest.A...

Indian batsmen tread cautiously

2007-07-08 00:00:00

It wasn't the most exciting passage of play by any stretch of imagination but the Indian batsmen were content with getting their eye in and playing out the first session of their warm-up match against Sussex at Hove. At lunch,...

Nadal, Federer to meet in Wimbledon final

2007-07-08 00:00:00

LONDON, Jul 7 (AFP): Rafael Nadal, who shattered Roger Federer's dreams of an historic Grand Slam in Paris, will attempt to torpedo the world number one's bid for a fifth successive Wimbledon title Sunday.Nadal goes into his second All England...

Brazil faces shock elimination at U-20 World Cup

2007-07-08 00:00:00

OTTAWA, Jul 7 (AP): A stunning win by the United States Friday has put four-time champion Brazil on the brink of a possible shock elimination from the Under-20 World Cup.The 2-1 defeat left Brazil third after the completion of group...

Dravid, Tendulkar, Ganguly not among probables

2007-07-08 00:00:00

Rahul Dravid, Sachin Tendulkar and Sourav Ganguly have been left out of the 30 probables that India's selectors picked for the Twenty20 World Championship to be held in South Africa in September, reports Cricinfo.Dravid called up Dilip Vengsarkar, the chairman...

BFF set to appoint Nayeemuddin as national coach

2007-07-08 00:00:00

Bangladesh Football Federation (BFF) is expected to finalize the appointment of Syed M Nayeemuddin as coach of the national football team in a couple of days, reports UNB."We've asked former Indian national football coach Syed Mohammad Nayeemuddin about the salary...

Vietnam aim to satisfy fans in difficult Asian Cup assignment

2007-07-08 00:00:00

HANOI, Jul 7 (AP): Vietnam coach Alfred Riedl said his players will do everything they can to satisfy fans in this soccer-crazy country as it takes on the United Arab Emirates in Group B of the Asian Cup."Our chances are...

Five players move to 2nd round in men's singles

2007-07-08 00:00:00

Five players advanced to the second round of the men's singles in the Dhaka Open Tennis tournament winning their first round matches on the third day of the six-day meet at the Ramna National Tennis Complex in the city Saturday,...

National League prize distribution ceremony held

2007-07-08 00:00:00

The prize distribution ceremony of the 8th Ispahani Mirzapore Tea National League, organised by Dhaka District Sports Association, was held Saturday at the conference room of the Dhaka Divisional Commissioner, reports UNB.Dhaka Division Sports Association president Ikram Ahmed was present...

BKSP clinch top slot securing 22 gold

2007-07-08 00:00:00

Bangladesh Krira Shikkha Protishthan (BKSP) clinched the top slot in the 23rd National Junior Athletics Championship with absolute supremacy securing 22 gold, 12 silver and six bronze medals Saturday, reports UNB.Hosts Dhaka Division finished a distant second securing 3 gold,...

Farashganj SC edge past Ctg Mohammedan SC 1-0

2007-07-08 00:00:00

Chittagong, Jul 7 (UNB): Farashganj SC edged past Chittagong Mohammedan SC by a solitary goal in the day's lone 2nd phase match of the B. League at the MA Aziz Stadium here Saturday.Puma scored the match-winner for Farashganj SC in...