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Asian stocks decline

2007-06-26 00:00:00

SINGAPORE, June 25 (Bloomberg): Asian shares fell, led by Sony Corp. and BHP Billiton Ltd., on concern figures this week will show a drop in US home sales, signaling declining demand in the region's largest export market. ``Stocks globally take...

European stocks drop

2007-06-26 00:00:00

LONDON, June 25 (Bloomberg) -- European stocks declined for a third day, led by financial shares and utilities, after the Bank for International Settlements said central banks will need to keep raising interest rates to quell inflation. Deutsche Bank AG,...

IPO diary

2007-06-26 00:00:00

Phoenix Finance and Investments Limited Nature of Business Lease Finance and Term Finance Subscription Opens June 24, 2007 Subscription Closes June 28, 2007 Subscription for NRB June 24, 2007 to July 07, 2007 Offer Price (Tk.) 100.00 Face Value (Tk.)...

Key world leaders seek plan for Darfur

2007-06-26 00:00:00

PARIS, June 25 (AP): French President Nicolas Sarkozy urged swift international action Monday toward speeding up deployment of troops in Darfur, as key world players met to try to consolidate efforts and resources for the ravaged Sudanese region. Sudan was...

UN nuclear monitor to visit North Korea

2007-06-26 00:00:00

BEIJING, Jun 25 (AP): North Korea said Monday it was moving forward with its agreement to shut down its nuclear reactor in exchange for aid and would meet with UN monitors Tuesday on how to verify the long-delayed shutdown. The...

Mideast leaders meet in Egypt to bolster Abbas

2007-06-26 00:00:00

SHARM EL-SHEIKH, Egypt June 25 (AFP): Middle East leaders will meet in Egypt Monday seeking to bolster Palestinian president Mahmud Abbas and his new Western-backed cabinet after the bloody seizure of the Gaza Strip by Hamas. But there is little...

Baghdad hotel bombed as dozens killed in Iraq

2007-06-26 00:00:00

BAGHDAD, June 25 (AFP): Suicide bombers struck a Baghdad hotel and police targets on Monday in a wave of insurgent bombings in Iraq that killed at least 31 people, including a lawmaker, policemen and tribal leaders. The three suicide bombings...

27 passengers killed in Myanmar shootings

2007-06-26 00:00:00

YANGON, June 25 (AFP): A total of 27 people were killed and 11 injured last week when ethnic rebels attacked two passenger buses in southeastern Myanmar, state media said Monday. Ten people were killed and three wounded Thursday in an...

Abe to visit India, Indonesia, Malaysia

2007-06-26 00:00:00

TOKYO, June 25 (AFP): Japanese Prime Minister Shinzo Abe will visit India, Indonesia and Malaysia in August, the government said Monday, as he tries to build a closer alliance with New Delhi and builds on Southeast Asian ties. The Japanese...

Spanish minister in Lebanon after UN attack

2007-06-26 00:00:00

KHIAM, Lebanon, June 25 (AFP): Spanish Defence Minister Jose Antonio Alonso arrived in Lebanon Monday to visit his country's troops the day after a bomb attack killed six UN peacekeepers, an AFP correspondent said. Alonso was visiting the headquarters of...

35 kids killed by unknown disease in western Nepal

2007-06-26 00:00:00

KATHMANDU, June 25 (Xinhua): Thirty-five children have died of an unknown disease in Kalikot district over the last two months, according to the Kalikot District Public Health Office (DPHO). Local leading media group's website THT Online reported on Monday that...

Taylor absent as Liberia war crimes trial resumes

2007-06-26 00:00:00

THE HAGUE, June 25 (AFP): The war crimes trial of Charles Taylor resumed Monday in The Hague in the absence of the former Liberian president charged in connection with rebel atrocities in neighbouring Sierra Leone. Taylor, 59, has been seeking...

Police grill Indian doctors over teen surgeon stunt

2007-06-26 00:00:00

CHENNAI, India, June 25 (AFP): Police in southern India said Monday they had detained a doctor couple who allowed their 15- year-old son to perform a caesarean section in a bid to enter the record books. The pair raised a...

EC to start preparing voters' list from Rajshahi on July 15

2007-06-26 00:00:00

The Election Commission (EC) is going to start the main task of voter-list preparation on July 15 from Rajshahi, without prior consultation with the political parties.Before the start, the EC would amend the Voter Roll Ordinance 1982 which is necessary...

Tough penalties for cooperatives doing illegal banking business

2007-06-26 00:00:00

Shakhawat Hossain The government has taken a move to impose tough penalties on cooperatives doing illegal banking business, official sources said.The penalties at a maximum of Tk 2.0 million and a minimum of Tk 0.2 million in addition to seven...

Bhuiyan unveils 15-pt reform plan for BNP

2007-06-26 00:00:00

BNP secretary general Abdul Mannan Bhuiyan Monday announced a 15-point party reform plan, including a proposal to curb the powers of the BNP chairperson, report bdnews24.com/UNB. He rolled out this landmark plan in a news briefing to reporters after a...

BIRDEM docs go on work-abstention for jobs regularization

2007-06-26 00:00:00

Over 300 temporary physicians of BIRDEM Hospital struck work Monday morning to demand regularisation of their jobs and continued with the abstention, reports UNB.One of the strikers told the news agency that over 300 physicians, including medical officers (MOs), assistant...

Councillors to take decision on party reforms: Khaleda

2007-06-26 00:00:00

BNP Chairperson Khaleda Zia Monday welcomed any proposal to reform her party, but said, the party's councillors will take the final decision according to the BNP constitution, reports UNB.She made the remarks in a plain paper statement signed and circulated...

Biman's PLC process to go beyond June deadline

2007-06-26 00:00:00

FE Report The process of converting the Biman Bangladesh Airlines, the national carrier, into a public limited company (PLC) will go beyond the stipulated time, as the government is not in a position to remove legal tangle by June 30....

Death sentence to Mohiuddin stayed

2007-06-26 00:00:00

The High Court-delivered death sentence upon Bangabandhu murder convict AKM Mohiuddin has been stayed, an official said Monday, reports bdnews24.comThe stay order came in line with an appeal of Mohiuddin to the apex court to 'condone' an inordinate delay in...

No private sector involvement in OMS of fertiliser: Aziz

2007-06-26 00:00:00

FE ReportFinance and Planning Adviser Mirza Azizul Islam said Monday open market sale of fertiliser through private sector instead of public sector will not be possible for the reason of proper utilisation of subsidy and control of cross-border smuggling."If we...

Daewoo ready to fund nuclear power plant in Bangladesh

2007-06-26 00:00:00

FE ReportThe South Korean company -- Daewoo Engineering -- has expressed its willingness to provide fund and technology to Bangladesh for setting up a nuclear power plant.The South Korean company, that has extensive experiences in installing nuclear power plant in...

Indo-Bangla FS-level talks begin in city

2007-06-26 00:00:00

Bangladesh and India opened talks covering entire range of longstanding issues, starting from trade imbalance to transportation and water sharing to border demarcation, on a 'positive' note struck by both sides, reports UNB.Indian Foreign Secretary (FS) Shiv Shankar Menon and...

Khulna chief given 5-day remand, five more held

2007-06-26 00:00:00

Khulna Divisional Chief Conservator of Forest Mizanur Rahman was given to police remand for five days when produced before the court Monday, report UNB/ bdnews24.com.Meanwhile, crackdown on custodians of forests scaled up as army-led joint forces arrested five more top...

Rupali take-over bid: Govt still hopeful

2007-06-26 00:00:00

The government is still hopeful of a positive response from the Saudi prince Bander Bin Mohammad Abdulrahman Al Saud for concluding the deal on his taking over ownership of the Rupali Bank. "We are still hopeful that he will reply...

Banks to remain open on June 29, 30

2007-06-26 00:00:00

All commercial banks will remain open on the weekly holidays on Friday-Saturday (June 29, 30) to facilitate government transactions, including revenue collection, at the end of the current fiscal year. Bangladesh Bank (BB) issued necessary instructions to the commercial banks...

Amendment to ACC Act-2004 likely

2007-06-26 00:00:00

Anti-Corruption Commission (ACC) Monday decided in principle to bring changes to the ACC Act-2004 for empowering the body getting information from the National Board of Revenue (NBR) about income and assets of any individual or company. Talking to reporters, ACC...

Govt borrowing from savings tools set to exceed revised target

2007-06-26 00:00:00

FE ReportThe government's borrowing through sales of savings certificates is set to exceed the revised target by at least Tk 11 billion in the current fiscal, which will put additional pressure on servicing of its internal debt.An increased current expenditure...

SEC fines Jamuna sponsor shareholders

2007-06-26 00:00:00

The Securities and Exchange Commission (SEC) Monday fined three persons and four companies a total of Tk 1.30 million (13 lakh) for their involvement in insider trading, reports bdnews24.com.The SEC also imposed a two-year freeze on about 0.7 million (7.0...

Export development a top priority of govt

2007-06-26 00:00:00

FE ReportMd Abu Solaiman Chowdhury, Chairman of the Bangladesh Privatisation Commission, Monday said Bangladesh has been trying to increase its export earnings by not only enhancing the export volume but also expanding the range of exportable products.Chowdhury was speaking as...