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Ultimately, no easy solution

2007-07-21 00:00:00

Qazi Azad A growing gap between the real delivery and the goals of the macroeconomic policy -- expansion of the national output or real gross domestic product (GDP), low unemployment and a stable price level or low inflation, may explain...

New suicide bombings kill 29 in Pakistan

2007-07-20 00:00:00

ISLAMABAD, July 19 (AFP): Two suicide bombings, one of them targeting Chinese workers, killed at least 29 people in Pakistan Thursday, fuelling a mounting sense of chaos in the South Asian nation. Authorities were investigating whether the blasts were part...

Envoys seek N Korea nuclear timetable

2007-07-20 00:00:00

BEIJING, July 19 (AP): Arms negotiators sought Thursday to secure North Korea's commitment to its offer to disable its nuclear facilities by the end of the year, preventing the communist nation from easily being able to make more atomic bombs....

Voting begins to elect India's president

2007-07-20 00:00:00

NEW DELHI, July 19 (AFP): Lawmakers in India were expected to elect the nation's first woman president in voting that began on Thursday, following the most scandal-dogged contest in six decades of independence. Pratibha Patil, the 72-year-old candidate for the...

Japan nuke plant leak worse than thought

2007-07-20 00:00:00

KASHIWAZAKI, Japan, July 19 (AP): An earthquake-wracked nuclear power plant was ordered closed indefinitely Wednesday amid growing anger over revelations that damage was much worse than initially announced and mounting international concern about Japan's nuclear stewardship. Toyota and other Japanese...

Rebels can't win through gun, says SL president

2007-07-20 00:00:00

COLOMBO, July 19 (Xinhua): Sri Lankan President Mahinda Rajapakse said Thursday that Tamil Tiger rebels can not liberate the Tamil minority through the power of the gun. Rajapakse made the remarks in a national ceremony to celebrate his troops gaining...

Palestinians in Gaza appeal for more aid

2007-07-20 00:00:00

GAZA, July 19 (Reuters): Children raced to help parents collect food from UN aid distribution centers in the Gaza Strip as women sat in the shade near trucks, waiting for their names to be called to receive their food rations....

Over 500 residents displaced by landslides in western Nepal

2007-07-20 00:00:00

KATHMANDU, July 19 (Xinhua): More than 500 residents of Baglung district in western Nepal have been displaced from the flood and landslides triggered by the heavy rain that took place last week, the National News Agency, RSS reported on Thursday....

US, India extend talks to salvage nuclear deal

2007-07-20 00:00:00

WASHINGTON, July 19 (AFP): The United States and India extended nuclear talks by another day after failing Wednesday to finalize an implementing accord for their landmark civilian atomic deal, officials said. They were scheduled to end their two-day meeting in...

Two Germans, five Afghans abducted in Afghanistan

2007-07-20 00:00:00

KABUL, July 19 (AFP): Taliban insurgents have kidnapped two German nationals and their five Afghan colleagues in southern Afghanistan, a provincial governor told AFP Thursday. "The Taliban abducted two German nationals and five Afghans yesterday (Wednesday)," said Ghazni governor Mirajuddin...

Steam pipe blast triggers panic in Manhattan

2007-07-20 00:00:00

NEW YORK, july 19 (AFP): A steam pipeline exploded in Manhattan on Wednesday in a shower of hot vapour, mud and rock, sparking panic among evening rush hour commuters and rekindling memories of the September 11 attacks among jittery New...

Mumbai building collapse kills 24

2007-07-20 00:00:00

MUMBAI, India, 19 (AP): At least 24 people were killed and nine others injured when a seven-story building collapsed in Mumbai, officials said Thursday as rescue workers continued to dig through the rubble for survivors. At least 10 others were...

Voters in rebel Karabakh elect new president

2007-07-20 00:00:00

STEPANAKERT, Azerbaijan, July 19 (AFP): Voters went to the polls Thursday in Azerbaijan's breakaway region of Nagorny Karabakh to elect a new president for this isolated ethnic Armenian-controlled mountain enclave. Officials said they hoped the vote would shore up the...

IBBL branch managers urged to ensure prompt service

2007-07-20 00:00:00

FE ReportBranch managers of Islami Bank Bangladesh Limited (IBBL) have been urged to ensure prompt service through the application of advanced information technology (IT). Chairman of the executive committee of the bank Mominul Islam Patwary made the appeal while speaking...

B'baria handicraft industry on verge of extinction

2007-07-20 00:00:00

Our Correspondent BRAHMANBARIA, July 19: The cottage industry producing handicraft items in the district is on the verge of extinction due to abnormal hike in the prices of raw materials. The local artisans are finding it increasingly difficult to continue...

Square Hospital, Transcom sign corporate deal

2007-07-20 00:00:00

FE ReportSquare Hospitals Ltd (SHL) and Transcom Ltd (TL) have signed a corporate agreement recently, under which the Transcom employees and their dependents will get privileged coverage of health check-ups, medical consultations, diagnostic services, and outdoor and in-patient services at...

Reliance leads Indian shares to another record high

2007-07-20 00:00:00

MUMBAI, July 19 (Reuters): Indian shares rose to their 11th record high in 14 sessions Thursday, led by index heavyweights Reliance Industries and Infosys Technologies , but Wipro Ltd. fell on lower-than-expected earnings.The 30-issue BSE index was up 1.03 per...

Most Asian markets up

2007-07-20 00:00:00

HONG KONG, July 19 (AP): Most Asian markets rose Thursday, with Japanese stocks advancing as gains in shipping, steel, auto and consumer finance issues outweighed losses in power companies hurt by this week's strong earthquake.Hong Kong edged up as traders...

European stocks recover

2007-07-20 00:00:00

LONDON, July 19 (AFP): Europe's main stock markets rebounded Thursday in the wake of a recovery for Japanese share prices. London's FTSE 100 index of leading shares rose 0.91 per cent to 6,626.60 points in early afternoon trading.In Frankfurt the...

DBBL officials asked not to allow default culture

2007-07-20 00:00:00

FE ReportOfficials of Dutch-Bangla Bank Limited (DBBL) have been directed not to allow default culture in the bank and to remain very careful about such events. Managing Director of the bank Md Yeasin Ali gave the directive while presiding over...

NCC Bank opens another branch of Brokerage House

2007-07-20 00:00:00

FE ReportNCC Bank Brokerage House has opened its third branch at Dhanmondi in the city to provide investors with better services.Chairman of the bank Tofazzal Hossain formally inaugurated the new branch as the chief guest Thursday, said a press release....

CEMEX Cement holds technical seminar

2007-07-20 00:00:00

FE ReportOrganised by CEMEX Cement Bangladesh Ltd, a technical seminar titled 'Nirapod Nirman Tips' was held at a city restaurant recently, said a press release. About 220 masons were present at the programme. CEMEX Cement's technical team showed presentations on...

NAV of First BSRS Mutual Fund

2007-07-20 00:00:00

FE ReportThe net asset value (NAV) of First BSRS Mutual Fund has been declared.The NAV of the Fund stood at Tk 117.53 on the basis of cost price and Tk 284.86 on the basis of market price at the close...

corporatewatch

2007-07-20 00:00:00

Trading suspension for demat processSpot market trading and block/odd lot transactions of the shares of Atlas Bangladesh Limited will be settled as per spot settlement cycle Sunday (July 22) and trading of the shares will remain suspended between Monday (July...

New insurance laws approved

2007-07-20 00:00:00

The interim cabinet Wednesday approved, in principle, the Insurance Act 2007 and Insurance Regulatory Authority Act 2007 to discipline the Tk 30 billion insurance industries, reports bdnews24.com. "It will make the insurance rules contemporary," said a government statement. An Insurance...

Pubali Bank's pre-audit operating profit increases by 47pc

2007-07-20 00:00:00

FE ReportPubali Bank Ltd (PBL) has earned a pre-audit operating profit of Tk 1.47 billion (147 crore) during the first six months of 2007 as against Tk 1.00 billion in the corresponding period of 2006, registering a growth of 47...

Closure of Sirajganj Spinning, Cotton Mills makes 850 workers jobless

2007-07-20 00:00:00

Our CorrespondentSIRAJGANJ, July 19 : The closure of Sirajganj Spinning and Cotton Mills (SSCM) has left 850 workers jobless, and also deteriorated the socio-economic condition of the district, sources said. SSCM was established in 1966 on 22.5 acres of land...

IFIC Bank holds workshop on forex financing, risk management

2007-07-20 00:00:00

FE ReportInternational Finance Investment and Commerce (IFIC) Bank Ltd conducted a three-day workshop on 'Foreign Trade Financing and Foreign Exchange Risk Management' from July 15 at its training academy at the Chamber Building in the city. A total of 16...

Prime Bank Foundation launches Education Support Programme

2007-07-20 00:00:00

FE ReportPrime Bank Foundation is going to implement a project named Education Support Programme soon, under which the students will be provided with monthly stipends for persuasion of their graduation and post-graduation level studies in the country's public sector universities...

KP Int'l knitting industry starts operation at UEPZ

2007-07-20 00:00:00

RANGPUR, Jul 19 (BSS): An export-oriented and modern knitting industry of KP International went into production at Uttara Export Processing Zone (UEPZ) in Syedpur town of Nilphamari district from Wednesday, officials said.Chairman of the knitting industry Kawser Parveen formally switched...