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Martins strikes twice as Nigeria hold Mexico

2007-10-17 00:00:00

JOHANNESBURG, Oct 16 (AFP): Newcastle United striker Obafemi Martins scored twice as Nigeria held Mexico 2-2 in an international friendly at the weekend. It was an impressive showing by the two-time African champions as they launched preparations under German coach...

Coach Woolmer's inquest to open

2007-10-17 00:00:00

An inquest into the death of former Pakistan cricket coach Bob Woolmer at this year's Cricket World Cup starts in Jamaica Tuesday, reports BBC. The 58-year-old's death was originally treated as murder, with speculation it was linked to a match-fixing...

Flintoff upbeat on England return

2007-10-17 00:00:00

Andrew Flintoff is convinced he can recapture his Ashes-winning form after the fourth operation on his left ankle, reports BBC. The England all-rounder believes Dutch surgeon Professor Niek van Dijk has finally cured the problem that had threatened to cut...

Mirza leads India into Hopman Cup

2007-10-17 00:00:00

PERTH, Oct 16(AFP): The popular and glamorous Indian tennis star Sania Mirza will again lead her country's challenge at the Hopman Cup here later this year. She is to team up with Rohan Bopanna at the unique mixed teams tournament,...

World chess king hopes sport makes Olympic debut

2007-10-17 00:00:00

NEW DELHI, Oct 16 (AFP): Reigning world chess champion Vishwanathan Anand of India said Tuesday that he hoped his sport would one day be included in the Olympic Games as a medal discipline. The bespectacled Anand, crowned chess king two...

Pollock, Shoaib join India League

2007-10-17 00:00:00

South Africa all-rounder Shaun Pollock and controversial Pakistan paceman Shoaib Akhtar are the latest big names to join the Indian Premier League, reports BBC. The Twenty20 League, starting in April, was devised by the India Cricket Board to counter the...

Beijing upgrades Games power supply

2007-10-17 00:00:00

BEIJING, Oct 16(AFP): Beijing plans to invest 1.8 billion yuan (240 million dollars) over the next few months to upgrade the city's power supply ahead of next year's Olympic Games, state media reported today. Dozens of new substations and power...

South Africa enjoy crushing warm-up win

2007-10-17 00:00:00

LAHORE, Oct 16 (AFP): Mark Boucher and AB de Villiers hit quick-fire hundreds as South Africa tuned up for the one-day international series with a crushing 176-run win against Pakistan's Patron's XI today. Boucher scored a 106-ball 103 while de...

Sun happy to bide time at Man City

2007-10-17 00:00:00

BEIJING, Oct 16(AFP): Veteran Chinese defender Sun Jihai says he is willing to bide his time at high-flying Manchester City and hailed the way manager Sven-Goran Eriksson has transformed the club. Sun, 30, has only started two Carling Cup ties...

Leasing out of public sector jute mills

2007-10-17 00:00:00

The jute sector of the economy has been going through the worst times in its history. Situation has come to such a pass that it is now hard to believe that jute was once the biggest foreign exchange earning crop...

Price rise: What the consumers can do about it?

2007-10-17 00:00:00

Enayet RasulMAINTENANCE of price stability has continued to be at the forefront of the declared priorities of successive governments in Bangladesh. The interim government has also been making utmost efforts to tame the prices of essential commodities. But its success...

Breaking free from the political gridlock

2007-10-17 00:00:00

Minxin PeiAS the top brass of the Chinese Communist party have gathered in Beijing for its 17th congress, President Hu Jintao may feel justifiably proud of his accomplishments in the past five years. Under his watch, the Chinese economy has...

Session jams are avoidable

2007-10-17 00:00:00

Syed Ashraful HasanMOST of the public universities in Bangladesh have a common problem known as session jam. Instead of taking five years to complete honours and masters courses, students need six, seven or even eight years to complete their university...

Dealing with past irregularities in the power sector

2007-10-17 00:00:00

JUSTIFICATIONS are made such as lack of investments, indecisions and bureaucratic wrangling as the reasons for the current state of the power sector in the country. But more than any of these factors or all of them combined, or if...

Circular waterway for Dhaka

2007-10-17 00:00:00

THERE was noted much enthusiasm for the circular waterway project for Dhaka when it was officially inaugurated in March last year. The first phase of it was reportedly completed at a cost of Taka 360 million and work was carried...

Mitigation and related issues for flood management

2007-10-17 00:00:00

Dr K. M. Nabiul Islam in the second of his four-part articleHISTORICALLY, water and flood management policies have been dominated by structural measures, as is evident from massive investments particularly in agricultural projects in Bangladesh. Following the factors such as...

Foreign capital must not be blocked

2007-10-17 00:00:00

Mohamed El-Erian AFTER this summer's turmoil, markets have entered a tentative healing phase helped by significant injection of central bank liquidity and a cut in US interest rates. The inter-bank market is normalising, credit costs are falling and share prices...

Global finance leaders gather as economic clouds darken

2007-10-17 00:00:00

WASHINGTON, Oct 16 (AFP): Global finance chiefs gather this week with the impact of US housing and credit woes spreading worldwide, exchange rate tensions rising and new agendas being carved out at the IMF and World Bank. Meetings of the...

South American nations to launch bank as rival to IMF

2007-10-17 00:00:00

RIO DE JANEIRO, Oct 16 (AFP): Venezuela's leftist government is leading Brazil, Argentina and other regional economies in creating a new bank with the ambition of casting off unwelcome oversight by the IMF and World Bank. The idea was first...

US 'disappointed' as WTO rules against cotton subsidies

2007-10-17 00:00:00

GENEVA, Oct 16 (AFP): The United States said yesterday it was "very disappointed" with a ruling by the World Trade Organisation (WTO) ruling that its subsidies to cotton farmers breached global trade rules. The finding confirms a preliminary ruling in...

Europe fears sovereign fund invasion

2007-10-17 00:00:00

PARIS, Oct 16 (AFP): The increasing clout of state-run investment funds is causing concern in European countries, where policymakers are anxious to protect industry and strategic assets from foreign takeovers. According to a study by Morgan Stanley, these so-called sovereign...

Oil at record high above $86 in Asia

2007-10-17 00:00:00

SINGAPORE, Oct 16 (AFP): Crude oil prices surged to fresh records above 86 dollars per barrel in Asia today amid fears of supply disruption due to rising tension between Turkey and Kurdish rebels in neighbouring Iraq. In afternoon trade New...

Gold zooms to 28-year high in London on inflation concerns

2007-10-17 00:00:00

LONDON, Oct 16 (PTI): Gold prices yesterday surged to a 28-year-high on brisk buying by funds and retailers, triggered by firming dollar and rising crude prices that has forced investors to bet on precious metal as a safe haven. Gold...

Four factors restrict impulse of steel export in China

2007-10-17 00:00:00

BEIJING, Oct 16 (Xinhua): China's export of steel products is predicted to slow down its growth, but the export quantity will continue increasing, said industry experts. The experts listed four major factors that have restricted the impulse of enterprises in...

Platinum, lead prices forge record highs

2007-10-17 00:00:00

LONDON, Oct 16 (AFP): The prices of platinum and lead struck all-time highs this week owing to tight global supplies of the metals. PRECIOUS METALS: The price of platinum forged a record high Thursday as the white metal was hit...

Summit to set up four power plants totalling110-MW

2007-10-17 00:00:00

FE ReportSummit Uttaranchol Power Co Ltd and Summit Purbanchol Power Co Ltd, the subsidiaries of Summit Power Limited, signed power purchase agreements (PPAs), implementation agreements (IAs), gas supply agreements (GSAs) and land lease agreements (LLAs) with Power Cell, Bangladesh Power...

ICB AMCL declares NAV of two unit funds

2007-10-17 00:00:00

FE ReportThe Asset Management Company Limited (AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), has declared the net asset values (NAV) of its two unit funds.The total NAV of ICB AMCL Pension Holders' Unit Fund stood at Tk 55,305,822.28...

Prices of white paper, farm bran go up in N dists

2007-10-17 00:00:00

Our CorrespondentSIRAJGANJ, Oct 16: Abnormal price hike of white paper is causing sufferings to the poor guardians of students in the northern districts, sources said.While contacting different paper traders in Sirajganj, it was observed that price of white paper soared...

Taiwan co to expand project in Karnaphuli EPZ

2007-10-17 00:00:00

FE Report Eusebio Sporting (Bangladesh) Company Limited, a Taiwan company, will expand its project in Karnaphuli Export Processing Zone (EPZ).In this connection, an agreement was signed between Bangladesh Export Processing Zones Authority (BEPZA) and Eusebio Sporting (Bangladesh) Company Limited at...

Sadakalo selects GP Business Solutions

2007-10-17 00:00:00

FE Report Grameenphone (GP) Limited has recently signed an agreement with Sadakalo to provide complete communication facilities under the GP Business Solutions package.Managing Partner of Sadakalo Tahsina Shahin and GP Group Manager (Dhaka region) Azizul Abedin signed the agreement on...