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European stocks climb on beige book

2007-06-17 00:00:00

LONDON, June 16 (Bloomberg): European stocks rebounded this week after the US Federal Reserve said the world's biggest economy is growing without causing inflation, consumer prices rose less than forecast and several companies became the subject of takeover talk. J...

IPO diary

2007-06-17 00:00:00

Bangladesh Finance and Investment Company Ltd Nature of Business: Lease Finance & Term Finance Subscription Opens: June 10 2007Subscription Closes: June 14 2007 Subscription for NRB: June 10, 2007 to June 23, 2007 Offer Price (Tk.): 100.00 Market lot (Share):...

3pc DU students expelled every yr

2007-06-17 00:00:00

Belal Hossain Around three per cent students, or about 800, are expelled from different faculties, institutes and affiliated colleges of Dhaka University every year for adopting unfair means in examinations, ultimately putting an end to their studentships. DU Administrative sources...

Tornado sweeps over a village in Lalmonirhat

2007-06-17 00:00:00

LALMONIRHAT, June 16 (UNB): A tornado lashed a village in Sadar Upazila Saturday morning, leaving five people injured.Sources said the violent storm swept over Ayrkhamar village at 10.30 am. Lasting about 15 seconds, the twister damaged over 100 houses, schools...

Journalist Kazi Zahid dies

2007-06-17 00:00:00

Kazi Zahid, a news editor (international affairs) of ATN Bangla, died of cardiac arrest at his office in the city Saturday. He was 57, reports BSS. He left behind his wife, a son, a daughter and a host of relatives...

Obituary

2007-06-17 00:00:00

Eminent social worker and businessman Golam Mabud Chow-dhury (Babu) passed away at his Panchlaish residence Thursday. He was 69, said a press release.Babu had been suffering from cancer for a long time. He was the second son of former judge...

Academic feat

2007-06-17 00:00:00

FE Report Mohammad Monir Hossain, roll- 300001 under Madrasah Board, obtained GPA-5 from Government Madrasah-e-Alia, Dhaka, in the Dakhil examination from science group this year. His father Shahid Ullah and mother Morium Begum sought blessings of all for his further...

Shishir

2007-06-17 00:00:00

A K M Sarwer Kabir (Shishir) has scored GPA-5 in all subjects in the SSC examination-2007 from Motijheel Model High School and College. Shishir is the youngest son of Humayun Kabir, an official of Rupali Bank head office and Akhtar...

Abbas to unveil cabinet as Hamas tightens Gaza grip

2007-06-17 00:00:00

RAMALLAH, West Bank, June 16 (AFP): A new Western-backed Palestinian government was set to take office Saturday, sealing the divide of the Palestinians as Hamas fighters tightened their grip on power in the Gaza Strip. President Mahmud Abbas, bolstered by...

Pakistan's top judge leads rally as US officials meet Musharraf

2007-06-17 00:00:00

ISLAMABAD, June 16 (AFP): Thousands of Pakistanis turned out in support of the country's suspended chief justice Saturday as top US officials held talks with embattled President Pervez Musharraf. An enthusiastic flag-waving crowd gave a warm welcome to top judge...

China promises action on slave labour claims

2007-06-17 00:00:00

HONGTONG, China, June 16 (Reuters): China has promised a sweeping crackdown on a slave labor scandal in a poor part of the country where poverty and unbridled growth have made work abuses commonplace. Following calls for action by top leaders,...

Taiwan parliament rejects most of US arms package

2007-06-17 00:00:00

TAIPEI, June 16 (AFP): Taiwan's parliament has rejected most of a controversial arms package first offered by US President George W. Bush in 2001 as a way to bolster the island's defences against China. Late Friday, lawmakers approved a total...

Astronauts complete multitask in third spacewalk

2007-06-17 00:00:00

NASA reported progress on glitches to a critical computer system on the International Space Station on Friday as astronauts repaired insulation damage to the space shuttle Atlantis during a spacewalk, reports Reuters. "We are cautiously optimistic with progress on the...

Explosion destroys Sunni mosque in Basra

2007-06-17 00:00:00

BAGHDAD, June 16 (AP): An explosion leveled a Sunni mosque Saturday in Basra, residents said, in the second retaliatory attack in as many days for the toppling of minarets at a prized Shiite shrine in Samarra. Iraqi police did not...

Thai protesters vow fresh anti-junta rally

2007-06-17 00:00:00

BANGKOK, June 16 (AFP): Supporters of Thailand's ousted premier Thaksin Shinawatra were Saturday to stage a major rally against the junta that forced him from power, after he urged the military to organise new elections. Protest leaders said more than...

Three dead in Kabul suicide attack

2007-06-17 00:00:00

KABUL, June 16 (AFP): A suicide car bomb exploded near a NATO convoy in a busy residential area of the Afghan capital Saturday, killing three Afghan civilians and wounding five more, the interior ministry said. "It was a suicide car...

Turkish PM invites Iraqi counterpart to discuss Kurd rebels

2007-06-17 00:00:00

ANKARA, June 16 (AFP): Turkish Prime Minister Recep Tayyip Erdogan has invited his Iraqi counterpart Nuri al-Maliki to Ankara to discuss measures against the safe haven that Turkish Kurd rebels enjoy in northern Iraq. Under mounting pressure to toughen measures...

Wonders bid for heritage status

2007-06-17 00:00:00

Five of the world's natural wonders have been nominated for inclusion on the UN World Heritage List, according to BBC. A biodiversity-rich rainforest in Madagascar and Tenerife's volcanic landscape are among the sites favoured by the World Conservation Union (IUCN)....

Russia fails in arms treaty overhaul

2007-06-17 00:00:00

VIENNA, Austria, June 16 (AP): Russia said Friday it could not rule out freezing its participation in a treaty limiting non-nuclear heavy weaponry around Europe after its attempt to overhaul the accord was rebuffed in what a diplomat called "fine,...

Chinese investment quickens, fuels tightening talk

2007-06-17 00:00:00

BEIJING, June 16 (Reuters): China's spending on fixed assets such as roads and power plants accelerated in the first five months of the year, prompting predictions of imminent monetary tightening to slow the world's fourth-largest economy.Fixed investment in urban areas...

Investment outlook for Africa is good as WEF meeting ends

2007-06-17 00:00:00

CAPE TOWN, June 16 (AFP): The 17th World Economic Forum (WEF) on Africa closed in Cape Town yesterday with business delegations rubbing their hands in excitement at the scope for investing in the world's poorest continent. Corporate executives left a...

Delhi's circular on tax liability for share transactions

2007-06-17 00:00:00

NEW DELHI, June 16 (PTI): The finance ministry yesterday asked tax officials to calculate tax liability of those transacting in shares using the principles prescribed by the Authority of Advance Rulings (AAR). The issue assumes importance as shares held for...

World Bank heir-apparent faces tough task of restoring trust

2007-06-17 00:00:00

WASHINGTON, June 16 (AFP): Robert Zoellick, the presumed next head of the World Bank, will shoulder the task of rebuilding trust in the development lender after a scandal at the top exposed deep divisions. US President George W Bush nominated...

US slaps new restriction on high-tech export to China

2007-06-17 00:00:00

WASHINGTON, June 16 (AFP): The United States yesterday slapped new restrictions of high-technology exports to China and moved to create a pool of so-called "trusted customers" within the Chinese business community that will be rewarded for compliance with US guidelines....

Lamy to brief Chinese leaders on trade talks

2007-06-17 00:00:00

GENEVA, June 16 (AFP): World Trade Organisation (WTO) chief Pascal Lamy will seek to ensure Chinese leaders support key WTO talks during a visit to Beijing next week, his spokesman said yesterday. Lamy is to meet top Chinese leaders and...

Forced labour still widespread in Myanmar: ILO

2007-06-17 00:00:00

GENEVA, June 16 (AFP): The International Labour Organisation (ILO) yesterday warned that forced labour was still widespread in Myanmar, where the military junta has so far ignored ILO recommendations to stop the practice. The ILO's committee on the application of...

Oil prices jump on US motor fuel fears, wheat hits 11 year peak

2007-06-17 00:00:00

LONDON, June 16 (AFP): The price of crude oil on world markets raced higher this week, with London Brent crude breaching 71 dollars a barrel on gasoline (petrol) supply concerns in the United States. Wheat struck an 11-year high in...

Dollar weak, yen even weaker

2007-06-17 00:00:00

NEW YORK, June 16 (AFP): The dollar stumbled against the euro yesterday as US economic data dashed expectations for a rate hike, while the yen was hammered by the lack of a clear signal on rate moves by the Bank...

US sticks to opposition to IPI, warns of consequences

2007-06-17 00:00:00

ISLAMABAD, Jun 16 (PTI): The US yesterday said that it is skeptical about the proposed USD seven-billion Iran-Pakistan- India (IPI) gas pipeline project pointing out it has already made clear the "consequences" for any country which invested in Iran. "We've...

Experts see bright future for rubber market

2007-06-17 00:00:00

PHNOM PENH, June 17 (Xinhua): International experts and Cambodian officials have expressed confidence that the rubber market and revenues would rise significantly in the years to come, local press reported yesterday. Cambodian Deputy Prime Minister Sok An told the Third...