Business News - Independent Bangladesh http://www.independent-bangladesh.com Tue, 13 May 2008 04:03:42 +0100 FeedCreator 1.7.2 http://www.independent-bangladesh.com/200805135278/business/stocks-end-lower-on-sell-offs.html AgencyStocks ended lower Monday, driven by sell-offs.Investors bet on insurers, non-bank financial institution and mutual fund majors but sold off the shares of pharmaceuticals and banks, according to an official with brokerage house IDLC Securities.State-run oil entities and power shares... Tue, 13 May 2008 00:58:58 +0100 http://www.independent-bangladesh.com/200805135273/business/hsbc-says-first-quarter-profit-up-bad-debts-jump.html REUTERS, LONDON - Europe's biggest bank HSBC Holdings said its profit in the first quarter was ahead of a year earlier as growth in Asia and elsewhere helped counter another big hit for bad debts on U.S. home loans.... Tue, 13 May 2008 00:46:07 +0100 http://www.independent-bangladesh.com/200805135266/business/go-easy-on-biofuels-until-more-clarity-world-bank.html REUTERS, WASHINGTON - A senior World Bank official said on Thursday that countries should not greatly increase biofuels production until there is more clarity about how much they have contributed to the global food price crisis. Juergen Voegele,... Tue, 13 May 2008 00:32:08 +0100 http://www.independent-bangladesh.com/200805135265/business/china-inflation-near-12-year-high.html REUTERS, BEIJING - China's consumer price inflation clung near a 12-year high in April, and authorities quickly reacted by raising the amount of money banks must keep in reserve, sticking to a tight policy despite weakening global growth.... Tue, 13 May 2008 00:30:39 +0100 http://www.independent-bangladesh.com/200805135264/business/cablevision-and-tribune-seal-newsday-deal.html REUTERS, New York - Cablevision Systems Corp sealed a $650 million deal to buy 97 percent of Newsday Media Group from Tribune Co, the companies said on Monday, after Rupert Murdoch's News Corp withdrew its bid. Cablevision said... Tue, 13 May 2008 00:29:06 +0100 http://www.independent-bangladesh.com/200805125255/business/govt-toughens-securities-law.html Bdnews24.comThe interim cabinet Sunday approved the Securities and Exchange Amendment Ordinance 2008 that prescribes tougher punishment to companies guilty of violating rules and regulations, a government spokesman said.According to the new law, any company found guilty will face 45-day trade... Mon, 12 May 2008 09:30:19 +0100 http://www.independent-bangladesh.com/200805125254/business/tamim-stresses-farm-subsidy-despite-any-hike-in-fuel-prices.html Bdnews24.comThe chief adviser's special assistant, M Tamim, Sunday stressed keeping up subsidies to farmers despite any hike in fuel prices. In developing countries, the agriculture sector is given subsidies on diesel. We must give subsidies to the agriculture sector in... Mon, 12 May 2008 09:28:47 +0100