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WTO rules against Japanese duties on S Korean chip imports

2007-07-15 00:00:00

GENEVA, July 14 (AFP): The World Trade Organisation (WTO) yesterday ruled that Japan's punitive tariffs on imports of semiconductors made by South Korean firm Hynix were illegal. In a ruling released on the WTO's website, a dispute settlement panel set...

Indian inflation up 4.27pc as vegetables prices soar

2007-07-15 00:00:00

NEW DELHI, July 14 (PTI): Costlier food items such as vegetables pushed up inflation to 4.27 per cent for the week ended June 30, but analysts say the Reserve Bank is unlikely to raise borrowing costs as the price index...

ADB to help create 20-year 'special fund' for Pakistan

2007-07-15 00:00:00

ISLAMABAD, July 14 (APP): The Asian Development Bank (ADB) has decided to help create a 20-year 'special fund' for Pakistan aimed at extending a long-term source of funds for capacity building initiatives of various stakeholders including government organisations, regulatory authorities,...

Pacific economic ministers reaffirm support for regional economic integration

2007-07-15 00:00:00

CANBERRA, July 14 (Xinhua): The 11th Pacific Island Forum's economic ministers meeting has reaffirmed their responsibility to provide leadership on regional economic integration, Australian Broadcasting Corporation (ABC) radio reported yesterday. At the meeting, which was held in the Pacific island...

Chinese-sponsored economic zone debuts in Russia

2007-07-15 00:00:00

HARBIN, July 14 (CEIS): The first phase of a Chinese-funded economic and trade cooperation zone that has gone into operation in Russia's Far East will simplify trade procedures and provide mutual benefits. The zone, located in the city of Ussuriysk...

MDGs slow in S Asian nations

2007-07-15 00:00:00

KATHMANDU, July 14 (Xinhua): The efforts of South Asian countries in attaining achievements stated in the millennium development goals (MDGs) are slow, revealed the South Asia MDGs report, Nepali National News Agency, RSS reported today. The report released by the...

US may issue tougher safety rules for imports

2007-07-15 00:00:00

WASHINGTON, July 14 (Xinhua): The US Consumer Product Safety Commission is preparing regulatory proposals that could mandate broader inspections of imports and impose stiffer penalties for those who ignore the safety rules, The New York Times reported yesterday. Importers and...

China most attractive retailing investment market

2007-07-15 00:00:00

SHANGHAI, July 14 (CEIS): An investigation of the world's famous consultancy company AT Kearney shows that China has become one of the most attractive rising retailing investment market in the world. In 2007, China was only secondary to India and...

Iranian president faces critics on economy

2007-07-15 00:00:00

TEHRAN, July 14 (AFP): Iranian president Mahmoud Ahmadinejad has received a group of 50 economists who criticised his economic policies for fuelling inflation and hurting the poor, media reports said yesterday. Eight ministers, the central bank governor and several of...

Brent oil price spikes close to record $78

2007-07-15 00:00:00

LONDON, July 14 (AFP): World oil prices surged this week as speculators rushed into the market amid tight American fuel supplies, driving London's Brent crude within grasp of a new record high. Many commodities won support from the falling US...

US retail sales fall

2007-07-15 00:00:00

WASHINGTON, July 14 (AFP): US retail sales-a crucial driver of economic growth-fell by the biggest margin in almost two years in June as American consumers cut their spending amid a persistent housing slump, the government said yesterday. The Commerce Department's...

Dollar falls as US retail sales tumble

2007-07-15 00:00:00

NEW YORK, July 14 (AFP): The dollar lost value against other world currencies Friday after a government report revealed a surprise decline in US retail sales last month. The report, which showed a 0.9 per cent drop in retail sales...

Highly skilled immigrants can't get work

2007-07-15 00:00:00

SAN FRANCISCO, July 14 (AP): In Peru, Ines Gonzalez-Lehman directed a 14-person marketing team at a high-tech firm. After marrying an American and immigrating legally to the U.S., she found herself making copies and answering phones at the bottom of...

Gas prices rise, energy futures mixed

2007-07-15 00:00:00

NEW YORK, July 14 (AP): Gasoline prices extended their advance at the pump Friday, while gas futures fell again on a growing sense that supplies are catching up to demand. Oil futures, meanwhile, jumped more than $1 to new 11-month...

China fights back, goes after US meat

2007-07-15 00:00:00

BEIJING, July 14 (AP): China has suspended imports from several major U.S. meat processors, including the world's largest, in the latest indication the government may be retaliating as its products are turned back from overseas because of safety concerns. Frozen...

Oil prices push closer to all-time highs

2007-07-15 00:00:00

NEW YORK, July 14 (AFP): Crude oil futures raced closer to all- time record highs yesterday as speculative buying picked up amid tight US fuel supplies, analysts said. New York's main oil futures contract, light sweet crude for delivery in...

Foreign Adviser advocates need for trans-boundary water management

2007-07-15 00:00:00

Foreign Adviser (FA) Iftekhar Ahmed Chowdhury said in the city Saturday that trans-boundary management of waters between Bangladesh and India was relevant and important since the two friendly countries were dependent on the Ganges waters, reports BSS."This dependency positioned by...

Instant end to anarchic situation proves justification of 1/11

2007-07-15 00:00:00

The instant disappearance of protracted political conflicts and 'anarchic situation' justified the proclamation of emergency paving ways for installation of the reconstituted interim government, a leading jurist and political analyst said Saturday, reports BSS."The 1/11 was an inevitable or unavoidable...

Ivory Coast likely to open diplomatic mission in city

2007-07-15 00:00:00

DAOUKRO (Ivory Coast), July 14 (BSS): Ivory Coast is expected to open its diplomatic mission in Bangladesh after peace is restored here through the upcoming election scheduled to be held in next January. "Now our mission in New Delhi works...

Subid Ali sees reforms in govt organs more urgent

2007-07-15 00:00:00

Awami League (AL) advisory council member Subid Ali Bhuiyan welcomed the army chief's seven-point recommendation, which he said would eliminate corruption. The retired army officer made his comments to journalists who gathered at his Old DOHS residence in the city...

Speakers laud CG for reforming important bodies

2007-07-15 00:00:00

NEWYORK, July 14 (BSS): Speakers at a seminar here Friday praised the caretaker government for giving institutional shape to important bodies of the republic keeping good governance in view.Bangladesh Journalists' and Writers' Association of America organised the seminar, chaired by...

DU teachers denied access to AL chief's residence

2007-07-15 00:00:00

Some 50 Dhaka University (DU) teachers, including former Vice-Chancellor AK Azad Chowdhury, were prevented by the police from meeting Awami League (AL) President Sheikh Hasina at her residence in the city Saturday, reports UNB.Azad later told journalists that the police...

President greets Sultan of Brunei

2007-07-15 00:00:00

President Iajuddin Ahmed Saturday extended his warm felicitations to Sultan of Brunei on the occasion of his 61st birthday, reports BSS.In a message to Paduka Seri Baginda Sultan Haji Hassanal Bolkiah, the President said, "I sincerely hope that the close...

City street named after KM Safiullah

2007-07-15 00:00:00

Mayor of Dhaka Sadek Hossain Khoka Saturday named a street in the capital city after Maj Gen (retd) KM Safiullah Bir Uttam in recognition to his glorious role and courageous contribution in the War of Liberation in 1971, reports BSS....

Murali reaches 700 as Sri Lanka win 3-0

2007-07-15 00:00:00

Muttiah Muralitharan became just the second bowler in history to reach 700 Test wickets as Sri Lanka rounded off a clean sweep of Bangladesh at Kandy, their 50th win in Tests. Bangladesh had to make 369 runs in order to...

Brazil's brute force faces Argentine finesse today

2007-07-15 00:00:00

MARACAIBO (Venezuela), Jul 14 (Reuters): Argentina's finesse and artistry will be pitted against Brazil's raw physical strength and power as the old rivals meet in Sunday's Copa America final.The tournament has produced what is generally considered the ideal final for...

11 players share lead after 3rd round

2007-07-15 00:00:00

Eleven players share lead in the 9th Standard Chartered School Chess Tournament securing full three points after the 3rd round matches of Class VI-X Group at the Bangladesh chess Federation hall room here Saturday, reports UNB.They are Rezaul Islam Babu...

Mohammedan SC beat Farashganj SC 2-1

2007-07-15 00:00:00

Title aspirant Dhaka Mohammedan SC kept their hope alive in the title race with a 2-1 win over Farashganj SC in the day's lone 2nd phase B. League match at the Bangabandhu National Stadium Saturday, reports UNB.With this win, Mohammedan...

Uzbekistan eliminate M’sia in 5-0 win

2007-07-15 00:00:00

KUAL LUMPUR, Jul 14 (AP): Uzbekistan inflicted another embarrassing defeat on Malaysia in Asian Cup Group C on Saturday, with the 5-0 victory eliminating the co-hosts from the competition after just two games.Both sides needed a result after having lost...

Tendulkar resists after early wobble

2007-07-15 00:00:00

An incisive new-ball spell from the England Lions left the Indians struggling on the second day of the tour match at Chelmsford. The top-order crumble came after the Lions had declared their innings closed at 413 for 8 with Tim...