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Jun 26th
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Stocks Mixed After Economic Data PDF Print E-mail
Thursday, 28 August 2008

AP, NEW YORK -- Wall Street is narrowly mixed after two economic reports came in much better than the market expected.

The Commerce Department report said new home sales rose 2.4 percent in July, a much better performance than the 1 percent drop economists forecast.

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Indian company to pay $2.6B for Britain's Imperial PDF Print E-mail
Thursday, 28 August 2008

AP, LONDON -- India's state-run Oil & Natural Gas Corp. has agreed to buy Britain's Imperial Energy PLC for $2.6 billion in a cash deal that will help ONGC meet surging fuel demand from its burgeoning domestic economy.

ONGC and Imperial said in a joint statement on Tuesday that their boards had agreed on the terms which value Imperial shares at 1,250 pence ($22.95) each.
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New - home sales post unexpected gain in July PDF Print E-mail
Thursday, 28 August 2008

AP, WASHINGTON -- Sales of new homes posted an unexpected gain in July as heavily discounted properties enticed cautious house hunters to become home buyers.

The Commerce Department reported that sales of new single-family homes rose by 2.4 percent last month to a seasonally adjusted annual rate of 515,000 units, the most since April.
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Cairo luxury hotel restarts serving alcohol PDF Print E-mail
Thursday, 28 August 2008

AP, CAIRO, Egypt  -- Cairo's luxury Grand Hyatt hotel is serving alcohol again after a compromise was reached between the international chain and the hotel's Saudi owner who abruptly declared it a dry venue earlier this year.

The Saudi sheik's decision in April to follow Islam's ban on alcohol and stop serving it at one of the city's swankiest tourist landmarks shocked many in Egypt's vital tourism industry. All of Cairo's international hotel chains serve alcohol, as do many tourist restaurants.
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US questions China at WTO over pork, farm taxes PDF Print E-mail
Thursday, 28 August 2008

AP, GENEVA  -- The United States has challenged China to justify the legality of its tax, subsidy and export rules for farm products such as pork and wheat in what could signify new tensions between the two trading giants.

Most commercial disputes between Washington and Beijing have focused on manufacturing and services, but an American letter posted Tuesday on the World Trade Organization's Web site lists some new gripes over Chinese agricultural policies.
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Could $100 oil turn dumps into plastic mines? PDF Print E-mail
Thursday, 28 August 2008

Reuters, London - Sparked by surging oil, a dramatic rise in the value of old plastic is encouraging waste companies across the world to dig for buried riches in rotting rubbish dumps.

Long a symbol of humanity's throw-away culture, existing landfill sites are now being viewed as mines of potential which as the world population grows could also help bolster the planet's dwindling natural resources.
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Malaysian Islamic assets sector set for boom: Maybank PDF Print E-mail
Thursday, 28 August 2008

REUTERS, KUALA LUMPUR- Islamic banking assets in Malaysia are expected to post double-digit growth rates annually, propelled by rising demand for sharia-compliant assets, the country's top lender said on Monday.

Islamic banking accounts for about 13 percent of total banking assets in this mostly Muslim country, and is tipped to be one of the leading growth drivers for the Southeast Asian economy as services replace manufacturing as the economy's backbone.
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Kennedy Tugs at Hearts, as Obama's Wife Praises Values PDF Print E-mail
Thursday, 28 August 2008

NY Times

Senator Edward M. Kennedy, struggling with brain cancer, arrived on Monday night at the Democratic National Convention in a triumphant appearance that evoked 50 years of party history as Democrats gathered to nominate Senator Barack Obama for president.

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Robert Mugabe opens Zimbabwe parliament to loud opposition protests PDF Print E-mail
Thursday, 28 August 2008

President accuses Britain and the US of using rising food prices

Agencies

Hecklers drowned out Zimbabwe's president, Robert Mugabe, as he opened parliament today with a speech accusing Britain and the US of using rising food prices to try to oust his regime.

Opposition MPs - who outnumber members of Mugabe's ruling Zanu-PF party for the first time since the former British colony gained independence in 1980 - jeered and sang in protest at the failure to reach a power-sharing deal despite weeks of talks.
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North Korea halts nuclear reactor disablement PDF Print E-mail
Thursday, 28 August 2008

REUTERS

Moves to denuclearise the Korean peninsular hit a brick wall today as North Korea halted the disablement of its nuclear facilities and accused the United States of reneging on a disarmament agreement.

The foreign ministry in Pyongyang said it would consider rebuilding its reactor and cooling tower in Yongbyon because the US had not lived up to a promise to remove it from a list of nations that sponsor terrorism.
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Russia recognises rebel regions in new challenge to West PDF Print E-mail
Thursday, 28 August 2008

AFP, MOSCOW  - Russia on Tuesday formally recognised the Georgian rebel regions of South Ossetia and Abkhazia as independent states in a new challenge which angered the Western powers.

President Dmitry Medvedev's declaration prompted bursts of celebratory gunfire in the streets of South Ossetia and Abkhazia but immediate censure from the United States and its allies.
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Going veggie can slash your carbon footprint: study PDF Print E-mail
Thursday, 28 August 2008

AFP, BERLIN  - Giving up meat could drastically reduce your carbon footprint, with meat-eaters' diets responsible for almost twice the emissions of those of vegetarians, a German study said on Tuesday.

A diet with meat is responsible for producing in a year the same amount of greenhouse gases as driving a mid-sized car 4,758 kilometres (2,956 miles), the Institute for Ecological Economy Research (IOeW) said.
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Thai PM vows action as protesters besiege state offices PDF Print E-mail
Thursday, 28 August 2008

BANGKOK (AFP) - Thai premier Samak Sundaravej on Tuesday vowed "decisive action" to end escalating anti-government rallies, as thousands of protesters stormed a state-run TV station and blockaded key ministries.

At least 20,000 protesters demanding his resignation seized the television station, invaded the grounds of the seat of government and besieged at least three ministries in their efforts to cripple Samak's administration.
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Neanderthals were not 'stupid,' says new research PDF Print E-mail
Thursday, 28 August 2008

AFP, LONDON - Neanderthals were not as stupid as they have been portrayed, according to new research Tuesday showing their stone tools were as good as those made by the early ancestors of modern humans, Homo sapiens.

The findings by a team of scientists at British and US universities challenge the assumption that the ancestors of people living today drove Neanderthals into extinction by producing better tools.
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Khaleda, Tarique, Nizami get bail PDF Print E-mail
Wednesday, 27 August 2008

Zia Orphanage Trust Case

Staff Correspondent

The High Court on Tuesday granted former prime minister Khaleda Zia and elder son Tarique Rahman four months' interim bail each in the Zia Orphanage Trust case.

The same bench granted Jamaat-e-Islami ameer Motiur Rahman Nizami bail in the Barapukuria coal mine corruption case.
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CEC maintains registration deadline PDF Print E-mail
Wednesday, 27 August 2008

The political parties will have to register by the Oct 15 deadline if they wish to contest the December parliamentary elections., the chief election commission has said, reports bdnews24.com.

"Registration is a must for the participation in the elections. The EC will deal only with the parties that get registered," ATM Shamsul Huda told reporters after inaugurating the First Dhaka Inter-School Debate Contest at Saint Gregory's High School.
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Police chief warns of action against EPR violators PDF Print E-mail
Wednesday, 27 August 2008

Rampage on news of Tarique injury

Desk Report

The police filed two cases on Tuesday in connection with the smashing of vehicles by activists following news of detained BNP leader Tarique Rahman's fall in a hospital bathroom, a top police officer said.

"Demonstrations violating the state of emergency are a serious matter," inspector general of police Nur Mohammad told reporters after a meeting on law and order at the home ministry.
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BB to launch SMS-run banking PDF Print E-mail
Wednesday, 27 August 2008

Aims faster remittance

Desk Report

The Bangladesh Bank has decided in principle to introduce mobile phone banking to speed up remittances from expatriates, the central bank chief said Tuesday.

The central bank has also made a draft regulation to ensure that the recipients get money through SMS service and asked banks to submit their written opinions on the regulation.
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27th BCS results likely in 29 days PDF Print E-mail
Wednesday, 27 August 2008

Agency

Chairman of the Bangladesh Public Service Commission Dr Sa'dat Husain said Tuesday the results of the 27th BCS examinations could be published within the next 29 working days.

He told bdnews24.com: "We are hoping the results will be out sometime in the next 29 days."
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'Tarique to undergo brain scan in a couple of days' PDF Print E-mail
Wednesday, 27 August 2008

Desk Report

Ailing BNP leader Tarique Rahman is all set to undergo a brain scan in "a couple of days", as advised by doctors, a senior prisons official said Tuesday.

Deputy inspector general of prisons Major Shamsul Haider Siddiqui told reporters Tuesday afternoon that all preparations had been made for Tarique to undergo a CT scan.
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Jute mill workers called to action for wages, arrears PDF Print E-mail
Wednesday, 27 August 2008

Future programmes underway

Desk Report

An organisation of jute mill workers has called upon employees of state-owned jute mills to unite in demands for payment of arrears and allowances and resumption of production at the mills.

The Jute Yarn Textile Mill Workers Action Council said they would stage a sit-in on Sept 3 in front the head offices of the 15 nationalised jute mills, and form human chains around the mills on Sept 9.
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