NEW YORK, July 7 (AFP): The dollar dropped yesterday to near-record lows against the euro as a strong US employment report failed to allay traders' concerns about the state of the world's biggest economy. The European single currency was trading...
NEW YORK, July 7 (AFP): Global oil prices surged yesterday to their highest level in nearly a year, driven by heightened unrest in Nigeria and concerns about low US gasoline supplies. New York's main oil futures contract, light, sweet crude...
NEW YORK, July 7 (AP): Retail gas prices rose overnight Friday for the first time in more than a month as the closure of a Kansas refinery sent prices in the center of the country sharply higher. Oil futures, meanwhile,...
DUBAI, July 7 (AFP): Iraq's oil minister said yesterday that oil contracts concluded by the Kurdish regional government must be amended to conform with a controversial new draft oil law approved by the Baghdad cabinet. "There is a clear provision...
BANGKOK, July 7 (Xinhua): A total of 146 parties to the World Health Organisation Framework Convention on Tobacco Control (WHO FCTC) concluded here a 7-day conference yesterday. President of the Conference Juan Martabit expressed satisfaction on the productive results produced...
TOKYO, July 7 (AFP): Kazakhstan is to pay 486.3 million dollars to buy a stake in US nuclear reactor firm Westinghouse from its majority owner Toshiba, news reports said today. The Japanese giant will sign an agreement this month to...
KATHMANDU, July 7 (Xinhua): South Korea has granted 3.5 million U.S. dollars for the construction of the first Government Integrated Data and Training Center in Nepal, The Himalayan Times reported today. Resident representative of the Korea International Development Agency (KOICA)...
WASHINGTON, July 7 (AFP): The United States yesterday welcomed as "positive" India's announcement that it would reduce some duties on alcoholic beverages following a World Trade Organisation (WTO) complaint. "We are studying India's recent announcement that it has withdrawn the...
As industries in Bangladesh have become more dependent on increasingly sensitive equipment, they need proper protection from unexpected lightning strikes and dangerous over-voltage surges, experts told a seminar, reports UNB.They said defence sector industries and business houses in Bangladesh need...
FE ReportDutch-Bangla Bank Limited organised a day-long workshop on "Retail Product- Asset and Liability" for the concerned officers and executives from the branches of the bank. Managing Director Md Yeasin Ali inaugurated the workshop at the bank's training center Saturday.The...
Our CorrespondentRAJSHAHI, July 7: The discussants at a seminar here have termed the government's decision to receive $2,500 million (250 crore) loans from the World Bank on condition of squeezing the country's jute sector as 'suicidal'.The seminar, titled "crisis in...
Our CorrespondentCHITTAGONG, Jul 7: Construction of Chaktai-Mariners Road under the auspices of the Chittagong City Corporation (CCC) involving Tk 60 million began Thursday.CCC Acting Mayor Monzur Alam and Chittagong Development Authority (CDA) Chairman Shah Mohammad Akteruddin jointly inaugurated the kick-off...
Syed Fattahul AlimThe Blair era in British politics has ended. Being the prime minister of United Kingdom, one of the leading and most advanced countries of the world, Tony Blair's impact was felt not only in Britain, it was felt...
Yoshiko NakanoFew would question Japan's superiority in manufacturing, but what is the secret of this excellence? A great many specialists from around the world, such as business managers and management researchers, have studied Japan's manufacturing to try and unearth the...
Enayet RasulBangladesh started winning the appreciation of the international community when, in 1999-2000, it came around to achieving self sufficiency in cereal production. In the years following, this good trend followed and was cited as one of the major indicators...
Habibur RahmanIt is not everyday that one hears of a Bangladesh project replicated globally. Yet, ASA, a Bangladeshi NGO, has achieved this rare distinction. It now works as a consultant to NGOs in a number of countries that include India,...
Janet SchayanHildesheim, Goslar, Quedlinburg - ever heard of them? Admittedly the three cities are in the heart of Germany, but not exactly on the usual tourist trails, especially for holidaymakers from abroad. All three have something in common: their buildings,...
Katie NguyenThe smell of fresh cement thickens the air as builders in dust-smeared T-shirts hoist bricks up the side of an unfinished Nairobi apartment block.Kenyans need only look at the rash of properties transforming the capital's skyline for proof of...
Stephen FidlerTwo years ago, the perception about what constituted the greatest terrorist threat to Britain shifted dramatically. The July 7 2005 suicide bomb attacks on the London transport system suggested that the main threat came not from abroad but from...
Maurice Saatchi On this July 4, Americans may be perplexed and confused about the way their country is perceived in the world. They may feel like Josef K. in Franz Kafka's The Trial. "Someone must have laid false accusations against...
Roger Blitz, Leisure Industries Correspondent Blackstone last week bought Hilton Hotels Corporation for $26bn (£12.8bn), giving the private equity company the biggest hotel group in the world by number of properties.The deal, at $47.50 a share, represents a 31.7 per...
Richard McGregor in Beijing Beijing engineered the removal of nearly a third of a World Bank report on pollution in China because of concerns that findings on premature deaths could provoke "social unrest".The report, produced in co-operation with Chinese government...
Ralph Atkins in Frankfurt The European Central Bank launched a stiff defence of eurozone exchange rate policy-making last Tuesday in an apparent rebuff to Nicolas Sarkozy, the French president.Current arrangements for setting policy, giving the ECB a large role, were...
Daniel Dombey and Stanley Pignal in London Europeans consistently regard the US as the biggest threat to world stability, a new poll reveals recently. A survey carried out in June by Harris Research for the Financial Times shows that 32...
Eoin Callan in Washington Hillary Clinton and Barack Obama, the frontrunners for the Democratic presidential nomination, have agreed to co-sponsor legislation that would levy punitive duties on Chinese goods to cajole Beijing into revaluing its currency, according to aides. The...
Ten years ago, on July 2nd 1997, Thailand's central bank floated the baht after failing to protect the currency from speculative attack. The move triggered a financial and economic collapse that quickly spread to other economies in the region, causing...
David L Llorito The global outsourcing trend, which first made political waves about job losses in the United States, is now starting to cause similar ripples across high-wage-earning Asian countries. Corporate America's drive to cut costs by shipping service-related jobs...
William PesekIn the annals of unintended consequences, Asia's reserve bubble deserves a mention. Ten years after the start of the Asian crisis, the region's $3 trillion-plus of foreign-exchange reserves are having two noticeable effects. One, scaring away the speculators who...
THE export processing zones (EPZs) in Bangladesh have proved to be useful in drawing mainly foreign investors and contributing to the country's export earnings. But now thoughts are being expressed about the setting up of special economic zones (SEZs) in...
Qazi AzadBAD news can actually be a piece of good news depending on the nature of its implications. One such news, an agency report, was published in this paper last Monday. The story said revenue earning from the Hilli Land...
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