Bangladesh News

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Nov 21st
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Congress balks at huge US financial bailout PDF Print E-mail
Thursday, 25 September 2008

AFP, WASHINGTON - US lawmakers were digging their heels in Wednesday against the government's 700-billion-dollar financial rescue package, setting the scene for a fierce showdown on Capitol Hill watched anxiously by markets around the globe.

Federal Reserve chairman Ben Bernanke and Treasury Secretary Henry Paulson were facing another day of testimony, after Tuesday's cold-shoulder reception by senators balking at a swift passage of the bailout.
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Cell phone can unlock car, start engine PDF Print E-mail
Thursday, 25 September 2008

AP, TOKYO -- A new Japanese mobile phone will automatically unlock the doors of its owners' cars and let drivers start their engines without using an ignition key.

The phone, built by Sharp Corp., uses a technology previously developed by Nissan Motor Co. called ''Intelligent Key'' that allows drivers enter and start their cars without removing their keys from their pockets or bags.
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Goldman raising $5 billion in public stock offer PDF Print E-mail
Thursday, 25 September 2008

AP, NEW YORK -- Goldman Sachs will sell $5 billion worth of common stock to the public as part of a capital-raising plan that also includes Warren Buffett's investment of at least $5 billion.

Goldman Sachs Group Inc. says it has priced the offering of 40.65 million common shares at $123 apiece.
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Investors cheer international push by Japan banksInvestors cheer international push by Japan banks PDF Print E-mail
Thursday, 25 September 2008

AP, TOKYO -- Shares of major Japanese banks and brokerages jumped Wednesday as investors cheered a global shopping spree by Tokyo's financial giants in the wake of a historic Wall Street shake-up.

Nomura Holdings Inc., Japan's biggest brokerage, said late Tuesday it would buy Lehman Brothers' operations in Europe and the Middle East, adding to the Asian operations it bought a day earlier from Lehman, which filed for bankruptcy last week.
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Fiscal reformer Yosano faces rough Japan economy PDF Print E-mail
Thursday, 25 September 2008

Reuters, Tokyo- Kaoru Yosano, a veteran politician who favors raising Japan's consumption tax to repair tattered public finances, is keeping hold of the economic policy reins for the world's No.2 economy, as it heads toward recession.

The 70-year-old fiscal hawk was retained as economics minister on Wednesday, after finishing second to Taro Aso in the race for prime minister.
 
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Google rolls out rival to iPhone PDF Print E-mail
Thursday, 25 September 2008

REUTERS, NEW YORK- T-Mobile has rolled out Google's answer to the iPhone as the Web search giant makes its biggest stab yet at leaping from consumers' computers into their pockets with a device cheaper than rival Apple offers.

The widely-anticipated G1 phone, introduced on Tuesday made by HTC Corp, has a touch-sensitive screen, a computer-like keyboard, Wi-Fi connections and uses Google's new Android operating system.
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North Korea bars UN inspectors from reprocessing plant: watchdog PDF Print E-mail
Thursday, 25 September 2008

AFP, VIENNA - North Korea is preparing to restart a key nuclear reprocessing plant used for the production of weapons-grade material as its crucial six-party disarmament-for-aid deal stalls, the UN atomic watchdog revealed Wednesday.

In addition, Pyongyang had barred inspectors from the reprocessing plant and had had IAEA seals and surveillance equipment removed, Fleming said.
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Asian markets up after Buffett backs Goldman Sachs PDF Print E-mail
Thursday, 25 September 2008

AP, HONG KONG -- Most Asian stock markets edged higher Wednesday as Warren Buffett's plan to invest at least $5 billion in Wall Street firm Goldman Sachs helped allay fears about the world's troubled financial sector.

In Japan, the benchmark Nikkei 225 index climbed 0.2 percent to close at 12,115.03 after languishing for much of the day in negative territory.
 
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BB eases forex regulations PDF Print E-mail
Thursday, 25 September 2008

Bangladesh Bank has brought a number of policy changes to foreign exchange transactions to make things easy for foreign currency users, reports bdnews24.com

From now, any government official, official of bank and financial organisations and faculty member of a recognised banking training institute can send registration fee for participating in any training, seminar or workshop abroad through approved dealers without approval of Bangladesh Bank.

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Aso takes charge of Japan PDF Print E-mail
Thursday, 25 September 2008

AFP, TOKYO - Taro Aso took charge as Japan's new prime minister Wednesday, lining up his cabinet with like-minded conservatives to help his mission to revive the economy and win upcoming elections.

The divided parliament voted along party lines to install the flamboyant former foreign minister, who was expected to fly a day later to New York for the UN General Assembly.
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At least 20 killed in Baghdad ambush PDF Print E-mail
Thursday, 25 September 2008

AFP, BAQUBA, Iraq - Gunmen ambushed and killed 20 people -- 12 policemen and eight anti-Qaeda fighters -- in a village north of Baghdad on Wednesday, a security official and a medic told AFP.

The gunmen struck at around 3:30 pm (1230 GMT) in the village of Al-Dulaimat in the restive province of Diyala of which Baquba is the capital, the security official said.
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Myanmar opposition vows to continue fight for Aung San Suu Kyi PDF Print E-mail
Thursday, 25 September 2008

AFP, YANGON - Myanmar's pro-democracy party on Wednesday vowed to continue pushing for their leader Aung San Suu Kyi's release after several of her close confidants were freed from prison by the ruling junta.

Seven dissidents from the Nobel peace laureate's party were among the 9,002 prisoners freed Tuesday in an amnesty that state media said was ordered so they could take part in elections promised by the ruling generals for 2010.
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Mogadishu death toll hits 13 PDF Print E-mail
Thursday, 25 September 2008

AFP, MOGADISHU - Six bodies were recovered overnight in the Somali capital taking the death toll to 13 in clashes between African peacekeepers and Islamist rebels, witnesses said on Wednesday.

At least seven civilians had already been killed since heavily-armed insurgents attacked the peacekeepers' base in southern Mogadishu late Tuesday, in the latest outbreak of fighting which has left the capital in ruins.
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Britain and tea: Health benefits renew century-old relationship PDF Print E-mail
Thursday, 25 September 2008

AFP, LONDON  - Just when the humble cup of tea seemed to be slipping out of fashion in Britain, its health benefits have seen it undergo a renaissance.

In a world filled with distractions and temptations, British life has for the past century had at least one constant -- the country's oft-caricatured fondness for a 'cuppa'.
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Barack Obama opens nine-point lead over John McCain in poll PDF Print E-mail
Thursday, 25 September 2008

Washington Post-ABC poll puts support for Democratic presidential candidate at 52% compared with rival's 43%

The Guardian Online

Barack Obama has opened up a significant lead over his rival John McCain in the race for the White House, with a poll released today giving him a nine-point advantage among likely voters.

The Washington Post-ABC national poll puts support for the Democratic candidate at 52%, compared with the Republican's 43%.
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Finnish massacre brings gun law review PDF Print E-mail
Thursday, 25 September 2008

Prime minister says he is 'very critical' of easy access to handguns

The Finnish prime minister today said he will push for stricter gun laws as police began to identify the victims of the country's second school shooting in less than a year, reports The Guardian.

On a visit to the college where 10 people and their killer died yesterday, Matti Vanhanen said the government would consider if "people should get access to handguns so freely".
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Pakistan denies shooting down US spy plane PDF Print E-mail
Thursday, 25 September 2008

The Pakistani army said today it had found the wreckage of a suspected US spy plane near the Afghan border, but denied claims that it was shot down, report agencies.

The incident comes amid strained ties between Washington and Islamabad over a series of missile strikes from American drones at suspected militant targets on the Pakistan side of the border.
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'Grand alliance' leaders gather to take iftar PDF Print E-mail
Thursday, 25 September 2008

Bid to revive coalition

Staff Correspondent

Leaders of the one-time AL-led 'grand alliance' gathered at a community

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Hasina should return home 'free' PDF Print E-mail
Thursday, 25 September 2008

Her counsel barrister Rafiqul Huq says

Staff Correspondent

Sheikh Hasina's chief counsel barrister Rafiqul Huq said Wednesday that the former prime minister should "return home as a free person", having secured bail in all cases in which she is standing trial.

Earlier, the High Court set Sept 29 for a ruling on Hasina's petition for bail in the Noor Ali extortion case after it ended hearings on Wednesday.
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FDI inflows fell by 16 pc in 2007: UNCTAD PDF Print E-mail
Thursday, 25 September 2008

Inflow of Foreign Direct Investment in Bangladesh fell by 16 percent in 2007, compared to the previous year, while global FDI rose by about 30 percent, according to the World Investment Report 2008 published Wednesday, reports bdnews24.com.

The annual report by United Nations Conference on Trade and Development (UNCTAD) said Bangladesh registered FDI worth US$ 666 million in 2007, down from US$ 793 million in 2006.
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Pvt. bank branches to stay open Sunday PDF Print E-mail
Thursday, 25 September 2008

Agencies

Bangladesh Bank has ordered private banks to open some of their branches in Dhaka and Chittagong half day on Sunday, although the day falls on a public holiday, following the appeals of manufacturers' associations BGMEA and BKMEA.

The central bank sent a circular on the matter to the banks' chief executives on Wednesday.
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