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Dollar hit by subprime fears, euro strikes record

2007-07-22 00:00:00

NEW YORK, July 21 (AFP): The European single currency soared to a new record high against the dollar yesterday as the US currency continued to be undermined by housing market worries. The euro at 2100 GMT fetched 1.3820 dollars from...

Indonesian state firms to sign $1b deal with South Korean firms

2007-07-22 00:00:00

JAKARTA, July 21 (Xinhua): Indonesia's state-owned oil and gas firm Pertamina and power utility PLN are expected to sign contracts worth 1 billion US dollars with a number of South Korean companies after one year of negotiations on energy sector....

UAE launches product quality mark

2007-07-22 00:00:00

ABU DHABI, July 21 (Xinhua): The United Arab Emirates (UAE) has launched its own product quality mark, the Emirates Quality Mark (EQM), local newspaper Khaleej Times reported yesterday. The EQM is part of the UAE Product Certification Scheme developed by...

China acknowledges exporting tainted wheat to US

2007-07-22 00:00:00

BEIJING, Jul 21 (PTI): Amid a global scare on 'Made in China' products, the government yesterday said it has revoked the business licenses of two companies that exported wheat protein tainted with toxic chemicals to the United States, and banned...

Nepal launches programme to monitor pesticide residue in food

2007-07-22 00:00:00

KATHMANDU, July 21 (Xinhua): Nepal's Department of Food Technology and Quality Control (DFTQC) is to launch a program to monitor pesticide residue in food items in the country, The Himalayan Times reported today. According to the daily, the program includes...

One-to-one business meet with Chinese entrepreneurs in city today

2007-07-22 00:00:00

FE ReportOne-to-one business meetings between the local business entrepreneurs and visiting 50-member Chinese economic and trade delegation will be held today (Sunday) in the city's Bangladesh-China Friendship Conference Centre.Assistant Minister of Chinese Ministry of Commerce Wang Chao, Chinese Ambassador in...

President opens IBCCI today

2007-07-22 00:00:00

President Iajuddin Ahmed formally opens the Indo-Bangladesh Chamber of Commerce and Industry (IBCCI) at the Pan Pacific Sonargaon Hotel in the city today, reports BSS.Finance and Commerce Adviser AB Mirza Azizul Islam and Indian State Minister for Commerce Jairam Ramesh...

Use of skill, technology in garments underscored

2007-07-22 00:00:00

Speakers at a function in the city Saturday underscored the need for improving the quality of products through appropriate development of human resources in garments sector, the highest foreign exchange earner, to boost national economy, reports BSS. To boost export,...

Workshop on loan syndication begins

2007-07-22 00:00:00

FE ReportA two-day workshop on 'Loan Syndication' organised by Education Excellence, a consulting, education and communication firm, began at Spectra Convention Centre at Gulshan in the city Saturday.Vice-chancellor of Northern University M Shamsul Haq inaugurated the workshop, said a press...

Insurance Assoc holds workshop

2007-07-22 00:00:00

A workshop on "Contribution of Insurance to Bangladesh Economy" organised by the Bangladesh Insurance Association was held at a city hotel recently, said a press release. Finance Adviser AB Mirza Azizul Islam was present as the chief guest in the...

Aramit Cement holds AGM

2007-07-22 00:00:00

Our CorrespondentCHITTAGONG Jul 21: The 11th annual general meeting (AGM) of Aramit Cement Ltd (ACL) was held at the conference room of Chittagong Club in the port city Thursday.Chairman of the company's board of directors and Managing Director of Investment...

Greenback loses ground against BDT

2007-07-22 00:00:00

Sarwar Zahan US dollar lost ground against Bangladesh taka (BDT) last week because of moderate demand for the greenback. The exchange rate of the greenback moved between Tk 68.60 and Tk 68.63 against the previous week's range between Tk 68.60...

Premier Bank holds workshop on Credit Risk Grading

2007-07-22 00:00:00

FE ReportPremier Bank Training Institute organised a day-long workshop on "Credit Risk Grading (CRG)" for the bank's officials in the city recently.Managing Director of the bank Abu Haniff Khan inaugurated the workshop as the chief guest. While delivering his speech,...

Workshop on loan syndication begins

2007-07-22 00:00:00

FE ReportA two-day workshop on 'Loan Syndication' organised by Education Excellence, a consulting, education and communication firm, began at Spectra Convention Centre at Gulshan in the city Saturday.Vice-chancellor of Northern University M Shamsul Haq inaugurated the workshop, said a press...

Sanofi-aventis organises epilepsy awareness programme

2007-07-22 00:00:00

FE ReportSanofi-aventis, the largest global pharmaceutical company in the country, organised an awareness programme Friday to improve prevention, treatment, care and services for people with epilepsy. A number of doctors, specialists and patients suffering from epilepsy, gathered together on a...

Berger Paints opens three more outlets in Sylhet

2007-07-22 00:00:00

FE ReportBerger Paints (BD) Limited has opened three more outlets at Uposhahar, Terminal Road and Bishwanath in Sylhet. Managing Director of the company Masih Ul Karim inaugurated the outlets recently, said a press release.Among others, Director (Operations) of Berger Paints...

Oracle CEO to sell 100m shares

2007-07-22 00:00:00

NEW YORK, July (Reuters): Oracle Corporation, the world's third-largest software maker, said Friday Chief Executive Officer (CEO) Larry Ellison adopted a plan to sell up to 100 million of the company's shares over the next nine months. Ellison also plans...

Chairman of Meghna Life to attend Asian Micro-Ins confce

2007-07-22 00:00:00

Chairman of Meghna Life and Karnaphuli Insurance Company Ltd Nizamuddin Ahmed left the city Friday to attend the first Asian Micro-Insurance conference to be held in the Philippines, said a press release. The two-day conference will commence on July 25,...

ASA to disburse Tk 477.48m in Brahmanbaria

2007-07-22 00:00:00

Our CorrespondentBRAHMANBARIA, July 21: Association for Social Advancement (ASA) has set a target of disbursing loan amounting to TK 477.48 million among the poor through its 53 branches in Brahmanbaria district during the July-December period this year. It was revealed...

Merger with Barclays better: ABN CEO

2007-07-22 00:00:00

AMSTERDAM, July 21 (Reuters): Barclays would make a better merger candidate with ABN AMRO than a bid by a group led by Royal Bank of Scotland aimed at breaking up the Dutch bank, a Dutch newspaper quoted ABN's chief executive...

Chrysler, UAW begin crucial contract talks

2007-07-22 00:00:00

DETROIT, July 21 (Reuters): Chrysler Group and the United Auto Workers union marked Friday the start of a summer of crucial contract negotiations under intense pressure to break the model of business as usual for Detroit. Chrysler, which is being...

Most Asian markets advance

2007-07-22 00:00:00

HONG KONG, July 21 (AP): Most Asian markets rose Friday, with Hong Kong, Sydney, Jakarta and Seoul hitting record highs. Tokyo also advanced, lifted by steel companies with strong earnings expectations.Taipei reached a seven-year high. Shanghai and Shenzhen both jumped...

European stocks end mixed

2007-07-22 00:00:00

LONDON, July 21 (AFP): Europe's main stock markets were mixed by the half-way stage Friday after Wall Street had surged overnight. London's FTSE 100 index of leading shares rose by 0.25 per cent to 6,656.40 points, in Frankfurt the DAX...

Group study is a good habit to prepare for working life

2007-07-22 00:00:00

FE SpecialGROUP study is becoming popular among students day by day. With the use of cell phone and email, this has been easier for students to communicate with each other, and today they can easily gather at one place. While...

Proactive to survive and excel in the age of competition

2007-07-22 00:00:00

M A IslamABRAHAM Lincon said, "Never put off tomorrow what you can do today". Today, after many years of the death of Abraham Lincon, there are people who will even go one step further: “Never put off for next hour...

JFTC essay competiton announced

2007-07-22 00:00:00

JFTC (Japan Foreign Trade Council, Inc.) is contributing to the prosperity of the Japanese economy and the development of international society through the promotion of trade.JFTC is sponsoring JFTC Essay Competition 2007 to encourage students, younger researchers and business people...

The inner world of Emily Dickinson depicted in films

2007-07-22 00:00:00

Abdullah al MujahidArcher K. Blood American Center Library arranged documentary films on Emily Dickinson at the conference center of arts faculty building of Dhaka University recently on the occasion of the observance of Dickinson's death anniversary. The masters and honors...

The teacher goes back to school

2007-07-22 00:00:00

James Wilson A week at a business school should always prove illuminating for the executives who take up such opportunities. So it was for Arthur Francis - in spite of the fact that most of his weeks are spent the...

Joke

2007-07-22 00:00:00

Where is my goat?There were these two guys out hiking when they came upon an old, abandoned mine shaft. Curious about its depth they threw in a pebble and waited for the sound of it striking the bottom, but they...

Taliban claims to kill two German hostages

2007-07-22 00:00:00

KANDAHAR, (Afghanistan), July 21 (AFP): A purported Taliban spokesman said the hardline militia Saturday shot and killed two German hostages because Germany's government didn't announce that its troops would leave Afghanistan. Qari Yousuf Ahmadi said the Germans were shot to...