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Hyundai makes India its biggest foreign manufacturing site PDF Print E-mail
Monday, 04 February 2008

Agence France-Presse . Sriperumbudur,

India South Korean car giant Hyundai Motor Co opened a second plant in India on Saturday, making the country its biggest foreign manufacturing site.

The new plant in this town, 50 kilometres (30 miles) from the southern city of Chennai, will double Hyundai’s manufacturing capacity in the South Asian nation to 600,000 units a year, company officials said.

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US Congress body to look into Microsoft bid for Yahoo PDF Print E-mail
Monday, 04 February 2008

Agence France-Presse . San Francisco

The US Congress Judiciary Committee will hold a hearing next week to scrutinise Microsoft’s multi-billion-dollar bid to acquire Yahoo in order to take on Internet goliath Google.

Leading members of the committee scheduled a February 8 hearing after Microsoft’s announced Friday it is courting California-based Yahoo with a 44.6-billion-dollar offer.

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German bank WestLB flirts with crisis, huge job cuts loom PDF Print E-mail
Monday, 04 February 2008

Agence France-Presse . Frankfurt

Troubled German regional bank WestLB plans to cut 1,700 jobs, or around 30 per cent of its workforce, as part of a plan to save it from ruin, the German magazine Focus said Friday.

Following several meetings, WestLB’s core shareholders did not appear keen to put up the cash needed to save the third biggest German regional bank, the magazine Focus said in an article to appear on Monday.

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Iran announces new gas field in Gulf PDF Print E-mail
Monday, 04 February 2008

Agence France-Presse . Tehran

A gas field with an estimated 11 trillion cubic feet in reserves has been discovered in the Gulf off the coast of Iran, oil minister Gholam Hossein Nozari said on Saturday.

‘A gas field with an estimated reserve of 11 trillion cubic feet (311 billion cubic metres) was found by an Indian company in the Persian Gulf,’ Nozari told a news conference.

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Filipinos in HK fear job loss PDF Print E-mail
Monday, 04 February 2008

Asia News Network . Manila

Overseas Filipino workers in Hong Kong might lose their jobs over new rules by the Philippine Overseas Employment Administration which, among other things, require prospective employers to post some $8,000 worth of bonds before being allowed to hire OFWs, an official of a group of Filipino workers in Hong Kong said.

Dolores Balladares, chairperson of the United Filipinos in Hong Kong (Unifil-Migrante-HK), said POEA Memorandum Circular 04, or the Guidelines on the Direct Hiring of Filipino Workers which took affect January this year, was ‘a grave threat to our employment.’

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Pakistani, Indian ministers to visit Iran PDF Print E-mail
Monday, 04 February 2008

Agence France-Presse . Tehran

Iran said on Saturday that the petroleum ministers of India and Pakistan would come to Tehran later this month to discuss a multi-billion dollar project to transport Iranian gas to India via Pakistan.

‘We have invited the Indian petroleum minister with the Pakistanis to come here ... and they have accepted,’ oil minister Gholam Hossein Nozari told a news conference.

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Indian owner announces postponed sale of Bulgarian steelmaker PDF Print E-mail
Monday, 04 February 2008

Agence France-Presse . Sofia

The Indian owner of Bulgaria’s largest steelmaker Kremikovtzi said Friday he would postpone its sale for at least two months, awaiting advice from a financial adviser about the best strategy for the loss-making plant.

India’s Global Steel Holdings of Pramod Mittal recently announced that it was close to selling its 71-per cent stake in the plant to Ukrainian billionaire Konstantin Jevago.

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US jobs loss ‘troubling’: Bush PDF Print E-mail
Monday, 04 February 2008

Agence France-Presse . Kansas City

The US president, George W Bush, on Friday called new data showing the first US jobs loss since 2003 a ‘troubling’ sign of weakness in the battered US economy.

‘There are certainly some troubling signs, serious signs that the economy is weakening and we’ve got to do something about it,’ Bush said in remarks on the US economy during a visit here.

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Sputtering auto sales in January reflect weak US economy PDF Print E-mail
Monday, 04 February 2008

Agence France-Presse . Washington

Automakers faced an uphill climb in the US market in January, as weak economic conditions and consumer caution put a dent into sales, company reports showed Friday.

Overall sales in the US market totaled 1,043,947 vehicles for the month, down 4.3 per cent from January 2007, according to market research firm Autodata Corp’s monthly tally.

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South Korea prime loser from Lone Star saga PDF Print E-mail
Monday, 04 February 2008

Agence France-Presse . Seoul

Newspapers Saturday counted the cost to South Korea of the Lone Star legal saga, after a South Korean court convicted the US buyout fund of share-rigging and jailed an executive.

Chosun Ilbo, the largest-circulation daily, and Seoul Sinmun said bad publicity means the country is the bigger loser from the case — despite what Chosun called ‘serious crimes’ by the Dallas-based fund.

 

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US, Russia to boost uranium imports PDF Print E-mail
Monday, 04 February 2008

Agence France-Presse . Washington

The United States and Russia signed a deal that will boost Russian uranium imports to supply the US nuclear industry, the Commerce Department said Friday.

‘This agreement will encourage bilateral trade in Russian uranium products for peaceful purposes,’ US commerce secretary Carlos Gutierrez said in a statement.

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IEA slams OPEC decision not to hike output PDF Print E-mail
Monday, 04 February 2008

Agence France-Presse . Paris

The International Energy Agency tacitly accused OPEC Friday of increasing pressure on a vulnerable world economy by its refusal to pump more oil to help bring down crude prices.

‘While the Organisation of Petroleum Exporting Countries has decided to leave output unchanged, crude oil supplies remain very tight, as the IEA has noted for the past six months,’ the Paris-based agency said in a statement.

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Tevez strikes as Reds make point PDF Print E-mail
Monday, 04 February 2008

Agencies

Carlos Tevez netted an injury-time equaliser as Manchester United drew 1-1 at Tottenham, while Portsmouth held Chelsea by the same scoreline.

Dimitar Berbatov looked like he had given Juande Ramos' outfit all three Premier League points with his 14th goal of the season in the 21st minute at White Hart Lane on Saturday.

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Player's transfer starts PDF Print E-mail
Monday, 04 February 2008

Staff Correspondent

The tug of war continued between Mohammedan and Surjo Torun for signing the former national skipper, Habibul Bashar, on the eve of the three-day Premier Cricket League transfer starting at the BCB office at Bangabandhu National Stadium.

Habibul Bashar was careful about disclosing any unwanted information.

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Abahani bounce back in style PDF Print E-mail
Monday, 04 February 2008

Staff Correspondent

Title contenders Abahani bounced back to winning ways with facile 3-1 victory over Dhaka Wanderers in the Protiti Pharma Victory Day Club Football Tournament at the Bangabandhu National Stadium on Saturday.

In the day’s other match, Muktijoddha edged past Badda Jagarani 2-1. Muktijoddha lead the group with four points, Abahani have three points from two matches, Badda Jagarani have three and Wanderers have one point.

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Pakistan clean sweep Zimbabwe PDF Print E-mail
Monday, 04 February 2008

Agence France-Presse . Sheikhupura

Pakistan (187/3) beat Zimbabwe (181) by seven wickets A youthful Pakistan led by Younis Khan’s half century upstaged Zimbabwe by seven wickets in the fifth and final limited overs international to thrash the tourists 5-0 in the one-day series.

Younis smashed a 51-ball 63 and added 97 runs with debutant Khurram Manzoor (50) for the second wicket to help the home team overhaul a modest target of 182 with 19 overs to spare at Sheikhupura Stadium.

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One last hurrah Down Under PDF Print E-mail
Monday, 04 February 2008

Cricinfo

Australian lounge rooms are about to lose a piece of furniture with the staging of the final tri-series.

For 29 years the tournament has been central to the country’s summer sport-watching, but over the past decade the concept faded, was patched up, and finally wore beyond repair.

In 2008-09 the CB Series will be replaced by two head-to-head contests and Australia, India and Sri Lanka are the ideal teams to farewell the once revolutionary concept.

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Law enforcement needed to check launch accidents PDF Print E-mail
Monday, 04 February 2008

Staff Correspondent

Discussants at a round table on ‘Launch Capsize and Legal Remedies’ on Saturday suggested modernisation of the Inland Shipping Ordinance 1976 to reduce accidents in country’s riverine routes.

The participants, who included former justices, jurists, law enforcers, officials of the shipping authorities, leaders of shipping associations and right activists, also demanded proper implementation of the Ordinance to strengthen the process of ensuring survey, registration and control of the vessels plying inland waters.

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RU for quick trial of Prof Taher murder case PDF Print E-mail
Monday, 04 February 2008

Our Correspondent

Teachers, students and staff of geology and mining department of Rajshahi University on Saturday urged the chief adviser to take steps to complete the trail process of Prof S Taher Ahmed murder case.

They observed Saturday as ‘mourning day’ to commemorate their favourite teacher Prof Dr Taher, who was murdered on February 2, 2006.
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‘Harkatul behind attack on Sylhet mayor’ PDF Print E-mail
Monday, 04 February 2008

Our Correspondent

Mufti Hannan, chief of the Bangladesh chapter of the banned Islamist outfit Harkat-ul-Jihad-al-Islami, and his younger brother admitted being involved in the August 7 grenade attack on the Sylhet mayor in 2004.

Hannan and his brother Maizur Rahman Ovi said they were behind the grenade attack during his remand in custody for three days which ended Saturday, sources in the Criminal Investigation Department said.

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Monga to feature prominently on advisory council’s agenda PDF Print E-mail
Monday, 04 February 2008

Staff correspondent

Foreign adviser Dr Iftekhar Ahmed Chowdhury on Saturday said the purpose of the meeting of the council of advisers at Rangpur was to take the government to the door-steps of the people.

Speaking at a gathering of officials, journalists and public representatives at the Gaibandha circuit house, the adviser expressed the hope that more such meetings of the advisory council would be held outside the capital.

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