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Toray may sign investment deal next month

2007-09-20 00:00:00

FE Report The Japanese Toray Group might sign a deal on its planned multi-million-dollar investment in the textile sector next month. The Tokyo-based corporation, billed as the world's largest textile producer, is supposed to invest initially around US$90 million at...

Peru meteorite may have sickened 150 people

2007-09-20 00:00:00

LIMA (Peru) Sept 19 (Bloomberg): A possible meteorite strike may have sickened more than 150 people in southern Peru, the country's health ministry said. People who ventured near the site of the Sep. 15 strike by the ``supposed'' meteorite were...

IAEA assures technical support to Bangladesh

2007-09-20 00:00:00

Mohamed El Baradei, director general of the International Atomic Energy Agency (IAEA), has assured Bangladesh of technical support for peaceful use of nuclear energy, reports UNB.A mission of the IAEA officers would soon be dispatched to Bangladesh to assist the...

Crops on 0.35m hectares of land damaged by 2nd spell of floods

2007-09-20 00:00:00

FE Report Crops cultivated in about 0.35 million hectares of land has been totally damaged following early September floods in the country, according to sources of the Department of Agricultural Extension (DAE). Sources said the flood damaged transplanted Aman (T-Aman),...

Stocks bounce back on DSE

2007-09-20 00:00:00

FE ReportThe stock prices on the Dhaka Stock Exchange (DSE) Wednesday bounced back after three days of fall due to fresh buying-spree by investors.Market operators said it is a normal movement of the market that the share prices will eventually...

Dollar, call rate steady

2007-09-20 00:00:00

FE ReportThe US dollar was steady against the Bangladesh taka (BDT) Wednesday in the inter-bank foreign exchange market with stable demand for the greenback. The inter-bank call money rate also remained unchanged in an active market, fund managers said.The exchange...

Draft licensing rules for freight forwarders soon

2007-09-20 00:00:00

Jasim Uddin HaroonThe draft licencing guidelines for the country's freight forwarders are likely to be issued shortly following acceptance by the stakeholders.The draft was prepared by the National Board of Revenue (NBR) in consultations with the freight forwarders. The freight...

DSE to enhance trading engine capacity

2007-09-20 00:00:00

FE ReportDhaka Stock Exchange (DSE) will enhance the capacity of its trading engine from two units of processor to four units very soon."We are enhancing the capacity in view of the growing market during the recent months," a DSE source...

Developments in the region and abroad

2007-09-20 00:00:00

Israel declares Gaza an "enemy entity"JERUSALEM, Sept 19 (AP): Israel's Security Cabinet declared the Gaza Strip an "enemy entity" Wednesday, a decision that would let Israel cut off vital electricity, water and fuel to the Palestinian territory.The vote threatened to...

Battle over emergency-time bail lingers

2007-09-20 00:00:00

The Supreme Court Thursday granted permission for the government to move against a High Court bail order under emergency powers rules. The Appellate Division of the apex court presided over the issue of whether the High Court can consider bail...

Hasina hearing delayed

2007-09-20 00:00:00

The High Court Wednesday delayed by a week the final hearing on a writ appeal of former prime minister Sheikh Hasina against Anti-Corruption Commission seeking her wealth statement. View Full Story..

Eurozone reports trade surplus in July

2007-09-19 00:00:00

BRUSSELS, Sept 18 (Xinhua): The 13-nation Eurozone registered a trade surplus of 4.6 billion euros (6.3 billion US dollars) in July, as compared with 1.1 billion euros a year ago, Eurostat, the EU's statistics office, said yesterday. But the 27-member...

Indians need not cross seven seas looking for a dream job in US

2007-09-19 00:00:00

NEW DELHI, Sept 18 (PTI): Indians looking for a dream job in the United States need not go all the way across the seven seas as nine out of the top ten American companies to launch a career are present...

China's information industry has 50m employees

2007-09-19 00:00:00

TIANJIN, Sept 18 (CEIS): China's information industry has employed more than 50 million people including 7.55 million working in sizeable enterprises. According to Ding Wenwu, an official with the ministry, the industry has become a key channel to ease employment...

Vietnam's GDP to post higher economic growth in '07-08

2007-09-19 00:00:00

HANOI, Sept 18 (Xinhua): The Asian Development Bank forecast Vietnam will gain gross domestic product (GDP) growth of 8.3 per cent this year and 8.5 per cent next year, local newspaper Vietnam Economic Times reported today. In its major semi-annual...

IMF board to choose new chief next week

2007-09-19 00:00:00

WASHINGTON, Sept 18 (AFP): The International Monetary Fund's executive board will choose a new managing director next week to succeed Rodrigo Rato, according to people close to the situation. This IMF board this week is interviewing Frenchman Dominique Strauss-Kahn, the...

Malaysian mfg sales down 2.2pc in July

2007-09-19 00:00:00

KUALA LUMPUR, Sept 18 (AFP): Malaysia's manufacturing sales, a key component of the economy, fell 2.2 per cent from a year earlier to 45.21 billion ringgit (13 billion dollars) in July, the government said today. Lee Heng Guie, chief economist...

World oil price tops $81

2007-09-19 00:00:00

SINGAPORE, Sept 18 (AFP): Oil prices topped 81 dollars a barrel for the first time today, setting another record high amid fears of critically tight supplies for the winter season in the United States. OPEC's announcement last week that it...

Coke plans 20 new launches in India next three years

2007-09-19 00:00:00

NEW DELHI, Sep 18 (PTI): Aiming to become a total beverages solutions company in India, global soft drinks major Coca Cola is planning to launch as many as 20 new products, including flavoured tea 'Enviga' and energy drinks in three...

Dollar steady as markets await Fed

2007-09-19 00:00:00

TOKYO, Sept 18 (AFP): The dollar was stable in Asian trade on today as markets waited anxiously for a widely expected US interest rate cut to cushion the world's largest economy from its housing slump, dealers said. They said the...

China becomes largest shipbuilder

2007-09-19 00:00:00

BEIJING, Sept 18 (CEIS): China's new shipbuilding orders grew by 165 per cent year on year in the first half of 2007 surpassing that of the Republic of Korea (ROK) to rank first in the world, a report from China...

En route to better food safety

2007-09-19 00:00:00

BEIJING, Sept 18 (CEIS): China, recently in the media spotlight for food safety issues, was put well on track to better food safety, as the country went all out to ensure safety of its food products and restore consumer confidence...

POSCO to start work on giant Indian steel plant

2007-09-19 00:00:00

BHUBANESWAR, India, Sept 18 (AFP): The protests have been loud and sometimes violent, but giant South Korean steelmaker POSCO is confident opposition will fade when work begins on its massive Indian plant next month. After a lengthy stand-off with aggrieved...

Musharraf to quit army post after election: lawyer

2007-09-19 00:00:00

ISLAMABAD, Sept 18 (AFP): Pakistani military ruler Pervez Musharraf will resign as army chief after securing a second term as president, his chief lawyer told the Supreme Court here Tuesday. The lawyer, a long-term aide to Musharraf, said the president...

Nepal Maoists quit government

2007-09-19 00:00:00

KATHMANDU, Sept 18 (AFP): Nepal's Maoists announced Tuesday they had quit the coalition government after other parties refused to bow to the ex-rebels' demand for for the monarchy to be immediately abolished. "We have pulled out from the government this...

Military intervention in Iran would have ‘catastrophic’ consequences: Moscow

2007-09-19 00:00:00

MOSCOW, Sept 18 (AFP): Any US military intervention in Iran would be a "political error" that would have "catastrophic" consequences, Russian deputy foreign minister Alexander Losyukov said in an interview published Tuesday. "Generally speaking, bombings of Iran would be a...

Seven killed in attack at Baghdad morgue

2007-09-19 00:00:00

BAGHDAD, Sept 18 (AFP): even people were killed when rebels blew up a car bomb and fired a mortar on Tuesday in the car park of Baghdad's main morgue as it was crowded with people searching for relatives, officials said....

Powerful typhoon heads for China's financial hub

2007-09-19 00:00:00

SHANGHAI, Sept 18 (Reuters): A powerful typhoon targeted China's booming eastern province of Zhejiang and financial hub Shanghai on Tuesday, prompting the evacuation of tens of thousands of people as ships and boats were called back to port. Typhoon Wipha...

Indian troops kill nine rebels in Kashmir

2007-09-19 00:00:00

SRINAGAR, Sept 18 (AFP):Indian troops have killed nine militants in Kashmir, three of them as they tried to sneak across the heavily-militarised border with Pakistan, the army and police said Tuesday. Indian army spokesman Lieutenant Colonel Anil Mathur told AFP...

Majority back Fukuda as next premier: poll

2007-09-19 00:00:00

TOKYO, Sept 18 (AFP): A majority of people support Japan's ruling party veteran Yasuo Fukuda to be the nation's next prime minister, a poll showed on Tuesday. Fukuda, 71, is running against former foreign minister Taro Aso, 66, in next...