WASHINGTON, Sept 25 (AFP): The turmoil stemming from the US subprime property loan market and tighter credit will have a "far-reaching" impact on the world economy, the International Monetary Fund (IMF) said yesterday. "Downside risks have increased significantly and even...
NEW YORK, Sept 25 (PTI): India's government yesterday asked companies to increase efficiency and cut costs to remain export competitive in the wake of strengthening of the rupee against other currencies. "China calibrates exchange rates, but we've left it to...
COTONOU, Sept 25 (AFP): Standing in front of the Great Wall of China restaurant, Benin trader Diane is bitter at what she sees as unfair competition from the flood of Chinese imports. "The Chinese copy everything and sell their counterfeits...
COLOMBO, Sept 25 (PTI): India's biggest private sector lender, ICICI is planning expansion of its operations in Sri Lanka to tap the vast business potential in the island nation. "Besides looking at providing financial assistance to Indian corporates who have...
WASHINGTON, Sept 25 (AFP): Industrialised nations must convince older workers to stay on the job beyond retirement age or face a skills shortage and higher labour costs, a study released today warned. The study conducted earlier this year for the...
SINGAPORE, Sept 25 (AFP): World oil prices eased today in Asian trade but analysts said concerns over tight supplies would limit the losses in a market that remained above 80 dollars a barrel. At 10:59 am (0259 GMT) New York's...
SALMON, Idaho, Sept 25 (AFP): America's drive for alternative sources of energy is proving an expensive challenge for cattle farmers who are struggling to pay for traditional feed as the price of corn soars. Corn has traditionally made up 40...
OTTAWA, Sept 25 (AFP): Abu Dhabi National Energy Company (TAQA) yesterday announced the purchase of Canadian oil and gas firm PrimeWest Energy Trust for 5.0 billion dollars, the company said. TAQA's 26.75-dollar cash offer for each PrimeWest share is its...
TOKYO, Sept 25 (AFP): The dollar hovered just above its record low against the euro in Asian trade today as the market looked for clues on whether US interest rates could fall further, dealers said. They said the Japanese ruling...
BEIJING, Sept. 25 (Xinhua): China National Offshore Oil Company Limited (CNOOC Limited) announced yesterday that the phase two of the Southeast Sumatra (SES) gas project has started production. CNOOC SES Ltd., a CNOOC Ltd. subsidiary, was the operator, said CNOOC...
The World Bank (WB) Country Director Xian Zhu has suggested for creating a market-responsive and cost-competitive industry for revival of the jute sector of the country, reports BSS.In an article sent to newspapers he said, "One possible direction Bangladesh could...
FE ReportUnited Commercial Bank Limited (UCBL) has recently signed a corporate agreement with Huawei Technology (Bangladesh) Limited in connection with credit card.UCBL Deputy Managing Director Niaz Habib and Huawei Technology Assistant Chief Representative Sudan Kumar Roy signed the agreement on...
Our CorrespondentBRAHMANBARIA, Sept 25: The price of liquefied petroleum gas (LPG) cylinders have increased by 25 per cent to 30 per cent within a month in the local markets, sources said.Traders blamed the shortage of supply and increase of transportation...
FE ReportShahjalal Islami Bank Limited (SJIBL) held the 81st board meeting of the bank in the city Sunday.SJIBL Chairman Sajjatuz Jumma presided over the meeting. The board approved a number of investment proposals and discussed various issues relating to policy...
FE ReportQatar Airways has recently upgraded the aircraft on its highly-popular Doha-Kuala Lumpur-Bali route to an Airbus A330 offering its passengers in every seat with fully interactive audio and video entertainment system.All seven weekly services between Doha and the Malaysian...
Our CorrespondentCHITTAGONG, Sept 25: Due to non-availability of adequate agricultural inputs and easy loan facilities, vast areas of cultivable land in the hilly region are left uncultivated every year, according to a recent survey.The survey has revealed that as thousands...
FE ReportAs per the Securities and Exchange Commission (Mutual Fund) Rules 2001, First BSRS Mutual Fund has announced its Net Asset Value (NAV) on the basis of provisional accounts at the close of business on August 31, 2007 of each...
FE ReportA term loan agreement for Tk 100 million was signed between Pubali Bank Limited (PBL) and Uttara Finance and Investments Limited (UFIL) at PBL head office in the city recently.PBL General Manager Dipak Kumar Chakraborty and UFIL Managing Director...
FE ReportIn order to capacitate the Italy-Bangladesh Chamber of Commerce & Industry (IBCCI), a chamber management workshop was held in the city Sunday. The participants at the workshop were members of the IBCCI. Former DCCI president Rashed Maksud Khan was...
SINGAPORE, Sept 25 (Bloomberg): Asian stocks rose to a two-month high, led by BHP Billiton Ltd. and Sumitomo Metal Mining Co., after prices of copper, nickel and zinc gained. BHP, the world's largest mining company, and Rio Tinto Group, the...
FE Report The award distribution ceremony of 'Cholo Radhunir Ghor Sajai', a special consumer promotion programme of Square Consumer Products Ltd, was held Tuesday in the city.Forty lottery winners were awarded prizes on the occasion. Organisers said several thousand participants...
FE ReportEmirates, the Dubai-based airline and travel services provider, has signed an agreement to acquire a 49 per cent interest in Alpha Flight Services Australia.Under the deal, Alpha Flight Services will provide in-flight catering for Emirates flights from Australia starting...
FRANKFURT, Sept 25 (Reuters): European stocks were broadly lower by midday Tuesday as a key business confidence survey pointed to weaker growth and mining stocks such as Rio Tinto and Anglo American (AAL.L: Quote, Profile , Research) tumbled on profit-taking.Shares...
FE ReportAKM Shahidul Haque has recently been promoted as additional managing director (AMD) of Mercantile Bank Limited (MBL).Prior to promotion, Shahidul held the post of deputy managing director of the same bank.Shahidul started his banking career in the year 1977...
FE ReportDhaka Ahsania Mission (DAM) organised several expositions of handicrafts produced by rural women at the demonstration site of DAM recently.A total of 58 rural women producers of Satkhira, Jessore, Jhenaidah, Jamalpur, Netrokona, Narshingdi, Gazipur and Dhaka participated in the...
The dining restaurant of the Westin Dhaka "Taste" is offering delicious Iftar spread from the first day of the holy Ramadan with a wide selection of nourishing dishes, said a press release.The iftar items include fresh juices of papaya, pineapple,...
Purchase/ sale of director's sharesJamuna Bank: Tasmin Mahmud, one of the sponsors/directors of Jamuna Bank Limited, has stated that she has completed her sale of 72,313 shares of the bank at current market price through stock exchange as announced earlier.SIBL:...
TOKYO, Sept 25 (AP): Yasuo Fukuda, a quiet compromiser who has promised to bring stability and moderation to Japan's tumultuous political scene, was elected prime minister by parliament Tuesday. The lower house of parliament voted for Fukuda, but then the...
MOSCOW, Sept 25 (AP): President Vladimir Putin named a new government Monday, tapping new economics and health ministers and retaining his foreign and defence ministers in an expected but largely cosmetic shuffle before parliamentary and presidential elections. The new government's...
TEHRAN, Sept 25 (AP): Iran has released from jail peace activist Ali Shakeri, the last of four Iranian-Americans imprisoned in recent months after being accused of stirring up a revolution, a judiciary spokesman said Tuesday. Shakeri, a businessman and member...
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