Petrobangla and the Power Development Board are to meet to review policy on gas supplies to power plants under process in different phases, reports bdnews24.com.

The government is looking for a strategic partner to run and manage state-owned airline Biman, special assistant for civil aviation said Tuesday, reports bdnews24.com.

Agency

A low over northwest Bay and adjoining areas moved west-northwestwards, the Meteorological Department on Tuesday said in a statement.

The High Court Tuesday granted former prime minister Sheikh Hasina and her cousin cabinet colleague Fazlul Karim Selim bail for three months in an extortion case filed by a top businessman, reports bdnews24.com.

The vacation bench of judges Mirza Hossain Haider and Mamnun Rahman gave the order after hearing two separate bail appeals submitted by the two accused.

Staff Correspondent

The Awami League will begin its election preparations on Sheikh Hasina's return home, said AL acting general secretary Syed Ashraful Islam on Tuesday.

The monsoon front over the northwest Bay of Bengal, off the Orissa coast, moved slightly northwards and intensified into a deep depression, the meteorological department said Tuesday in a special weather bulletin, reports agency.

Desk Report

Staff Correspondent

Arafat Rahman Coco's parole has been extended by one month, the home ministry said on Tuesday.

Bdnews24.com

Markets began creeping into positive territory as indices on the country's twin bourses edged up Tuesday with increased investor participation.

Bdnews24.com

BNP chairperson Khaleda Zia sat with top leaders of the four-party alliance Tuesday afternoon to discuss the general elections and dialogue with the Election Commission.

Desk Report

Six BNP and Awami League leaders, facing charges from tax-dodge to extortion to corruption, secured three months' interim bails on Tuesday from the High Court.

AP, VIENNA, Austria -- Oil prices plummeted Tuesday, falling briefly below $92 a barrel and reflecting market fears that the U.S. credit crisis which brought down brokerage giant Lehman Brothers will drag on global economic growth and restrain demand for crude.

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

The Securities and Exchange Commission approved two initial public offerings and issued a licence for the country's sixth private asset management company on Tuesday, an SEC official said, reports bdnews24.com.

The decisions came at a board meeting Tuesday, which also decided to cut down the IPO allocation process to five weeks from six, SEC executive director Farhad Ahmed told reporters at his office.

REUTERS, MANILA/HONG KONG- Asia's developing economies, the fastest growing in the world, should expand by 7.5 percent this year but financial convulsions in the West could hurt growth, the Asian Development Bank said on Tuesday.

Chelsea will allow Steve Clarke to join up with new West Ham boss Gianfranco Zola if the two clubs can agree on compensation, BBC Sport understands, reports BBC.

It has been reported that Chelsea want £5m if their assistant coach leaves.

AFP, LONDON  - Crisis club Newcastle United on Monday insisted former striker Alan Shearer had not been sacked as a club ambassador but that his role had ended last season.

AFP, PARIS  - Seeking to follow in the footsteps of titleholders Manchester United, Chelsea and Liverpool set out Tuesday on their Champions League adventures with early French tests in their opening pool games.

AFP, KUALA LUMPUR - The Asian Football Confederation on Monday amended the qualifying draw for the 2011 Asian Cup after India booked their place at the tournament by winning the Challenge Cup.

Two berths are reserved at the showpiece event in Qatar for the winners of the AFC Challenge Cup in 2008 and 2010 - a tournament featuring second tier Asian nations.

According to reports from Bangladesh Bank, remittances from expatriate Bangladeshis have fallen by about Taka 600 crorer between July and August this year. The key reason cited for such a drastic fall, in remittances, is the unrest created centering Bangladeshi workers in Kuwait and Saudi Arabia over the last few months which led to the expulsion of some 1500 Bangladeshi workers from these two countries.