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Bhutan for joint venture on hydroelectricity

2007-06-08 00:00:00

Outgoing Bhutanese Ambassador in Bangladesh Dasho Jigme Tshultim has said there is opportunity for joint venture on hydroelectricity between Bangladesh and Bhutan, as his country is abundant in hydroelectric potential.The remark came when the ambassador made a farewell call on...

China moving too slowly in its currency, economic reforms: Paulson

2007-06-07 00:00:00

WASHINGTON, June 6 (AFP): China should step up market-opening and currency reforms to help avert a "protectionist tide" in the United States, US Treasury Secretary Henry Paulson said yesterday. Paulson, in a Washington speech, reiterated that Beijing is moving too...

WTO working to resolve wine row with US: India

2007-06-07 00:00:00

NEW DELHI, June 6 (PTI): India has informed the World Trade Organisation (WTO) that it is making efforts to resolve the disputes with the US over high rates of duties on wines and spirits. India's representative in Geneva, the WTO...

Western subsidies push us more into poverty: world's poorest

2007-06-07 00:00:00

SIKASSO, Mali, June 6 (AFP): African peasants at the forum held to counter the Group of Eight (G8) summit yesterday criticised the subsidies enjoyed by the rich nations' producers, which they said were squeezing them further into poverty. "I cannot...

CEOs see US economy growing at modest pace

2007-06-07 00:00:00

WASHINGTON, June 6 (AFP): Leading US chief executives see steady growth in the US economy though 2007 underpinned by strong consumer spending, a survey showed yesterday. The Business Roundtable's second quarter 2007 CEO Economic Outlook Survey shows that leaders are...

ECB issues reminder of hedge fund dangers

2007-06-07 00:00:00

CAPE TOWN, South Africa, June 6 (AFP): European Central Bank (ECB) President Jean-Claude Trichet again stressed the danger of hedge funds yesterday on the eve of a Group of Eight (G8) meeting where Germany is pushing for tighter controls on...

UAE-Japan trade volume reaches $37.64b in 2006

2007-06-07 00:00:00

ABU DHABI, June 6 (Xinhua): The volume of bilateral trade between the United Arab Emirates (UAE) and Japan reached 37.64 billion US dollars in 2006, representing a growth of 28.9 per cent over the previous year, Emirates News Agency reported...

Australian economy grows strongly in Q1

2007-06-07 00:00:00

SYDNEY, June 6 (AFP): Australia's economy expanded 1.6 per cent in the March quarter, posting its strongest growth in three years and sending the Australian dollar to a 17-year high, official data released today showed. The Australian Bureau of Statistics...

Chinese co helps Kuwait to build Boubyan Island into new city

2007-06-07 00:00:00

KUWAIT CITY, June 6 (CEIS): A Chinese national company signed here yesterday a deal with Kuwait to help building the kingdom's Boubyan Island into a new city. The deal for Boubyan port project was signed between the Kuwaiti ministry of...

Oil prices firmer ahead of US stockpiles report

2007-06-07 00:00:00

SINGAPORE, June 6 (AFP): Oil prices were firmer in Asian trade today ahead of the release of US stockpile figures, dealers said. New York's main contract, light sweet crude for July delivery, was 25 cents higher at 65.86 US dollars...

Euro inches up with all eyes on ECB

2007-06-07 00:00:00

TOKYO, June 6 (AFP): The euro inched up in Asian trade today as the market waited to see how high the European Central Bank might raise interest rates in the coming months to curb inflation, dealers said. The euro firmed...

Mining industry in Indonesia burdened by overlapping claims

2007-06-07 00:00:00

MANILA, June 6 (AFP): Indonesia's mining sector offers huge potential for growth but must first overcome challenges such as overlapping claims and uncertainty over a pending industry bill, a miners conference heard today. The conference was told that no new...

Airline sector pledges big emissions cuts

2007-06-07 00:00:00

VANCOUVER, June 6 (AFP): Leaders of the world's airline industry said at their annual meeting that airlines will strive to be more "green" and aim for zero carbon-dioxide emissions by 2050, but skeptics question whether the goal is realistic. "I...

Myanmar cooperates with Asian hydropower dev

2007-06-07 00:00:00

YANGON, June 6 (Xinhua): Myanmar is cooperating with four Asian neighboring countries of Thailand, China, South Korea and Bangladesh in hydropower development, initiating major hydropower projects in recent years. A giant Myanmar-Thai joint venture hydropower project, which is the 7,110-...

Foreign banks eye Pakistan market

2007-06-07 00:00:00

ISLAMABAD, June 6 (APP): The recent announcement from Pakistan's NIB Bank of its plans to acquire 70 per cent of Pakistan's PICIC bank in a $378 million deal is yet another event which will be well received in the markets,...

India's Tata Steel eyes acquisitions in SE Asia

2007-06-07 00:00:00

NEW DELHI, June 6 (AFP): Tata Steel, India's largest steelmaker, may expand by buying firms in Southeast Asia after two major deals already this year including a takeover of Anglo- Dutch firm Corus, a report said today. Managing Director B....

Austrian firms eye biodiesel businesses in Indonesia

2007-06-07 00:00:00

JAKARTA, June 6 (Xinhua): At least three Austrian companies are studying the possibility of becoming involved in the "green energy" business in Indonesia to help boost the development of biodiesel. "Energea, BioDiesel International and the Christof Group are discussing the...

Dubai Mercantile Exchange to launch more futures contracts

2007-06-07 00:00:00

ABU DHABI, June 6 (Xinhua): Dubai Mercantile Exchange (DME), the first energy futures and commodities exchange in the Middle East, plans to launch more futures contracts in association with the New York Mercantile Exchange, local newspaper Gulf News reported yesterday....

Foreign banks eye Pakistan market

2007-06-07 00:00:00

ISLAMABAD, June 6 (APP): The recent announcement from Pakistan's NIB Bank of its plans to acquire 70 per cent of Pakistan's PICIC bank in a $378 million deal is yet another event which will be well received in the markets,...

EU supports govt's efforts to make ACC truly independent

2007-06-07 00:00:00

The European Union (EU) supports the caretaker government's efforts to make the Anti-Corruption Commission (ACC) a truly independent body as it believes people's rights are meaningful as long as they are not undermined by corruption.".....it's very important part when it...

Charge hearing deferred

2007-06-07 00:00:00

The charge hearing of a graft case against former telecommunication minister Mohammad Nasim could not be held Wednesday as the defence counsel sought time to start the hearing, reports UNB.Seeking two weeks' time, Anisul Huq, the defence counsel for Nasim,...

Mamoon, Lobi, Obaidul taken on fresh remand

2007-06-07 00:00:00

Former BNP lawmaker Ali Asghar Lobi, Obaidul Qader of the Awami League and Tarique's business partner Giasuddin Al Mamoon were given to police remand when they were produced before the Chief Metropolitan Magistrate (CMM) Court from the Central Jail in...

Two former BNP lawmakers sued in two dists

2007-06-07 00:00:00

Two former BNP lawmakers were sued in Comilla and Bagerhat Tuesday, reports UNB. In Comilla, a case was filed against five people, including former BNP lawmaker Monirul Haque Chowdhury, with a court Tuesday.Abul Khair of Barahipur village of Sadar South...

SC upholds HC order, rejects govt petition

2007-06-07 00:00:00

Upholding the High Court (HC) order staying for three months the proceedings of an arms case filed against former communications minister Nazmul Huda, the Supreme Court (SC) rejected Wednesday the government petition seeking leave-to-appeal against the stay order, reports UNB.Upon...

Dhamrai Municipality chairman arrested

2007-06-07 00:00:00

SAVAR, June 6 (UNB): Joint forces arrested Dhamrai Municipality chairman from his residence in the municipality area Tuesday midnight.Sources said the joint forces raided the residence of Chairman Dewan Nazim Uddin Manju, also a BNP leader, and arrested him on...

Extortion case filed against Rahmat Ali, five associates

2007-06-07 00:00:00

GAZIPUR, June 6 (UNB): An extortion case was filed against former deputy minister and Awami League lawmaker Rahmat Ali and his five associates with a magistrate court here Wednesday. Lance Corporal (retd) of Army Ziarat Hossain filed the case against...

Historic 7th June today

2007-06-07 00:00:00

Awami League (AL) will observe the historic 7th June today (Thursday) commemorating the announcement of the Six-Point Demand Day, reports BSS.On this day in 1966, the AL announced the Six-Point demand that led to the independence struggle culminating in the...

HC grants bail to Shah Zafar

2007-06-07 00:00:00

Overruling a lower court order, the High Court (HC) granted Wednesday bail to former BNP lawmaker Shah Mohammad Abu Zafar in a case of embezzlement of relief corrugated iron (CI) sheets, reports UNB. After hearing both sides, a Division Bench,...

President for including topic of adulteration in school textbooks

2007-06-07 00:00:00

President Iajuddin Ahmed Wednesday stressed the need for including 'adulteration' as a topic in school curricula as an initiative to build up a social movement against the vice, reports UNB."We'll have to wage a social movement against adulteration to protect...

Work on bridge over Halda moving at snails pace

2007-06-07 00:00:00

Our CorrespondentCHITTAGONG, June 06: The construction work of new Madunaghat Bridge over the river Halda involving around Tk. 140 million is proceeding at a snail's pace.Construction work of two-third portion of the bridge is complete. But possibility of completing the...