Neil Buckley in MoscowWill Vladimir Putin seek a third term as Russian president? Moscow's political world is abuzz with speculation that he might - but not immediately.Putin, so the theory goes, would not stand again when his second four-year term...
Richard Beales and Michael Mackenzie in New YorkGlobal government bond markets stabilised on Wednesday as suddenly higher yields prompted institutional investors such as insurers and pension fund managers to scoop up US Treasuries.Treasury yields fell from highs above 5.32 per...
Neil Buckley and Catherine Belton in St PetersburgRussian president Vladimir Putin called on Sunday for a radical overhaul of the world's financial and trade institutions to reflect the growing economic power of emerging market countries - including Russia.Mr Putin said...
Matthew Garrahan in Los AngelesApple in advanced talks with Hollywood's largest movie studios about launching an online film rental service to challenge cable and satellite TV operators.The service could be significant for Apple. If it signs enough studios, the group...
Antoaneta BezlovaChina has confirmed the seriousness of recent international scares about rampant fraud and counterfeiting in its booming economy in a most dramatic way -- by sentencing to death the country's former top drug regulator.Zheng Xiaoyu, former director of the...
Praful BidwaiEven as the Indian government gropes in the dark for a coherent policy on energy and the environment, it is rooting hard for a highly unpopular nuclear power project here, close to the peninsula's southern tip.The project, which involves...
Kimia SanatiAs Iran reluctantly begins implementing Thursday a plan to reduce consumption of mostly imported petrol by cutting massive consumer subsidies, it is with an eye to possible tightening of international sanctions for the country's controversial nuclear programme.Saeed Laylaz, economic...
Australia is set for an invasion of Chinese and Indian cars and the return of several nameplates missing for some years.Indian company Mahindra is about to relaunch in Australia with the Pik-Up ute.It joins a growing list of new or...
FE Report Prices of essential commodities, with exception of some fine varieties of rice and powder milk, during the last week, remained unchanged in the city markets.During the last one week only the sugar price declined by Tk 2-Tk3 to...
FE ReportPragati Insurance Limited has approved 15 per cent cash and 15 per cent stock dividends for its shareholders for the year 2006.The approval was given at the 21st annual general meeting (AGM) of the company at Bangladesh-China Friendship Conference...
FE ReportStandard Bank Limited (SBL) has recently achieved "A1" rating for long term and "ST-2 rating for short term from Credit Rating Agency of Bangladesh (CRAB) Limited. SBL Managing Director Mosharraf Hossain received the certificate of credit rating on behalf...
Doulot Akter MalaThe government is facing stiff opposition from the International Monetary Fund (IMF) in its bid for introducing safeguard measures to protect the local industries from the onslaught of cheap imports. The IMF has been opposing the government's move...
A Z M AnasThe government has reinforced its drive to uncover the incidences of duty evasion at the Dhaka Export Processing Zone (DEPZ), as a number of companies are suspected to be involved in smuggling activities.It is alleged that some...
Former Prime Minister and Awami League President Sheikh Hasina was debarred from leaving the country for the USA Friday night to see her daughter, report agencies.Her lone daughter Saima Wajed Putul, now in Florida, is expecting a baby early next...
S M JahangirThe Ministry of Commerce will soon place three separate draft ordinances on the country's insurance sector before the council of advisers for approval."We are submitting three draft ordinances to the advisers' council for getting its nod," a senior...
Naim-Ul-KarimThe apex trade body of the country has convened an extraordinary general meeting (EGM) on June 28 to discuss matters relating to changes to its organisational rules in order to prevent loan defaulters or convicts from contesting its election. "We...
BANGKOK, June 15(AP): Thailand's national carrier Thai Airways International PCL is pulling out of an agreement to manage Bangladesh's second international airport in Chittagong."We are calculating our costs and will claim for the loss from Bangladesh," said Suparut Kawatkul, Thai...
M Azizur RahmanThe Bangladesh Petroleum Corporation (BPC) incurred a financial loss of over Tk 1.50 billion last month following soaring petroleum prices in the international market. "The loss may be even bigger next month if the current uptrend in prices...
FE ReportThe Asian Development Bank (ADB) has asked the government to accelerate the implementation of four projects, for which it lent out US $ 347.57 million, to avoid them falling into "at risk" category. The projects are Road Network Improvement...
FHM Humayan KabirThe Asian Development Bank (ADB) is likely to approve US$465 million as loan to Bangladesh for power generation projects and improving the distribution systems. The approval is expected in the Board meeting of the multilateral donor agency scheduled...
From Fazle RashidNEW YORK, June 15: Former US president Bill Clinton earned $10.2 million by delivering speeches in 2006. Fearing personal finances could become a political liability the Clintons sold stocks worth millions of dollars in April, the New York...
Jasim Uddin Haroon The country's leading exporting sectors, especially apparel and jute, might incur shipment losses worth Tk 1.0 billion due to damage caused to their products by recent flooding of the private inland container depots (ICD) and factories in...
Farhan Bokhari, FT Syndication ServiceISLAMABAD: Pakistan will spend more than $7.0bn in the new financial year, which begins next month, on infrastructure such as roads, bridges and power lines, according to the prime minister. The spending plan, unprecedented in Pakistan's...
FE ReportStock prices continued to rally on the Dhaka Stock Exchange (DSE) in the week ended Thursday, though the turnover marked 31.67 per cent fall due to inclement weather.DSE sources said some of the budgetary proposals including imposition of higher...
WASHINGTON, June 15 (AFP): Despite widespread criticism of the US grip on the World Bank presidency, Washington's nominee Robert Zoellick remained the sole contender today. "As of today we are only aware of the US nomination," said a World Bank...
GAZA CITY, June 15(AL JAZEERA.NET): Mahmoud Abbas, the Palestinian president, has appointed Salam Fayyad, an independent parliamentarian, as prime minister of an emergency government. Fayyad was finance minister in the unity government between Hamas and Fatah which Abbas sacked on...
The government has taken an initiative to set up four new wholesale kitchen markets in the city aiming to pull back the on-going price spiral by increasing supply of the essentials, reports UNB.Keeping in mind the problem of transport congestion,...
FARIDPUR, June 15 (BSS): Law and Information Adviser Barrister Mainul Hosein said here today that the present caretaker government (CG) was preparing a roadmap for establishing true democracy in the country."Malice and vengeance caused huge damage to our national life....
A 27-member European Union (EU) team has expressed its support to the efforts to institute political and electoral reforms in Bangladesh, reports UNB. The EU in a statement Tuesday welcomed efforts by the caretaker government (CG) and the Bangladesh Election...
Outgoing US ambassador Patricia Butenis has regretted she has to leave Bangladesh without witnessing a free, fair and credible election she hoped, reports bdnews24.com. In her last public speech Thursday during her assignment in Bangladesh, she hoped the country would...
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