AP, NEW YORK -- Wall Street appeared headed for a sluggish start to the third quarter Tuesday, hurt by ongoing concerns about the damage rising oil prices will do to the economy.

REUTERS, BASEL, Switzerland - Central bankers issued a stern warning on Sunday against the dangers of surging inflation, saying rising energy costs risk damaging growth in rich and poor countries alike.

Guardian

The Iraqi government is to award a series of key oil contracts to British and American companies later today, fuelling criticism that the Iraq war was largely about oil.

This massive oil field surrounded by the desolate sands of Saudi Arabia's vast eastern desert feels like the middle of nowhere, reports AP.

AFP, BRUSSELS - Inflation in the 15 eurozone countries shot up to a record 4.0 percent in June over 12 months amid soaring oil prices, according to a first estimate from the EU's Eurostat data agency on Monday.

REUTERS, NEW YORK - Citigroup is planning to overhaul its bonus system for hundreds of top managers, a source familiar with the situation said, confirming a report in the Financial Times.

Times Online

The online auction site has been ordered to pay compensation by a judge in Paris for allowing users to trade counterfeit items
eBay has been ordered to pay €38.6 million compensation to LVMH, the French luxury goods group, for allowing fake versions of its products to be sold on the online auction website.

Bdnews24.com

Finance and planning adviser AB Mirza Azizul Islam Tuesday defended the energy price hike and said it would halt any smuggling of fuels out of the country.

AFP, LONDON - Oil prices jumped beyond 141 dollars a barrel on Tuesday after the president of OPEC said there was uncertainty surrounding future investment in facilities to boost crude output.

AP, LONDON -- The U.S. dollar was mixed against other major currencies in European trading Tuesday morning. Gold fell.

Bdnews24.com

The foreign exchange reserve of Bangladesh Bank has crossed $6.11 billion, according to the latest data provided by the central bank.

Bdnews24.com

Indices on the country's twin bourses ended mixed Monday, amid investors' continued disappointment from the previous day over the market regulator's moves to bar mutual funds from declaring stock dividends.

Automotive and industrial battery manufacturer Rahimafrooz Group has launched uninterrupted refill services for CNG-run vehicles, reports bdnews24.com.

AFP, LONDON  - Oil prices hit record high points close to 144 dollars per barrel on Monday as the dollar fell further and amid a conference and protests staged in response to soaring crude, analysts said.

AP, LONDON -- The U.S. dollar was lower against other currencies in European trading Monday. Gold rose.

NEW DELHI, Fri Jun 27,(bdnews24.com/Reuters) - India's annual inflation rate jumped to 11.42 percent in mid-June, its highest in more than 13 years, and analysts said on Friday the Reserve Bank of India (RBI) could follow up two rate increases this month with more policy tightening.

Staff Reporter

Chittagong City Corporation (CCC) announced a Tk 622,06,76,000 budget for 2008-09 fiscal yesterday.

“ Special emphasis has been laid on five new projects worth over Tk 365 crore for massive infrastructure development of the port city having around 40 lakh population and one lakh 21 thousand holdings” the mayor said.

The garment exporters have asked international buyers to hike prices of readymade garments, BKMEA president Fazlul Hoque said Saturday, reports bdnews24.com

Oil prices rose to a record near $143 a barrel on Friday as a drop in global equities markets sent fresh investors into commodities, reports Reuters.

REUTERS, SEATTLE - Sensing the start of a personal computer revolution, Bill Gates dropped out of Harvard University in 1975 to start Microsoft Corp and pursue a vision of a computer on every desk and in every home.