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Oil plummets as energy output unharmed PDF Print E-mail
Business News
Wednesday, 17 September 2008

AP, NEW YORK -- Oil prices plunged to a seven-month low Monday as the Gulf Coast energy infrastructure appeared relatively unharmed after Hurricane Ike and traders bet that Lehman Brothers' bankruptcy could ignite a massive liquidation of commodities.

Light, sweet crude for November delivery fell $4.87, or 4.82 percent, to $96.38 a barrel on the New York Mercantile Exchange, after earlier dropping to $94.41, the lowest level since Feb. 14. A close at that level would be oil's first settlement under $100 since March 4.
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Dollar down, gold up PDF Print E-mail
Business News
Wednesday, 17 September 2008

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

The euro traded at US$1.4246, up from US$1.4215 late Friday in New York.
 
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7 Bangladeshi call centres join PDF Print E-mail
Business News
Wednesday, 17 September 2008

UK Expo

Staff Correspondent

Seven Bangladeshi firms are taking part in the two-day Call Centre Expo 2008, in the UK's Birmingham, beginning Tuesday.

The seven firms are Aamra Outsourcing Ltd, HMC Technology Ltd, InGen Technology, Iqra Media Centre, Legato Services Ltd, Orbit Communications and Windmill Advertising Ltd.
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Ceramics sector eyes $100m export PDF Print E-mail
Business News
Wednesday, 17 September 2008

Bdnews24.com

The ceramics industry is eyeing $100 million in exports by 2012, the Bangladesh Ceramic Ware Manufacturers' Association chairman says.

"We expect to export ceramics worth $100 m by 2012, provided the government supports us as required," Rashed Mowdud Khan told bdnews24.com in a recent interview.
 
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Hasina challenges 2 graft cases PDF Print E-mail
Country News
Monday, 15 September 2008

Staff Correspondent

Former prime minister Sheikh Hasina has challenged the legality of two graft cases and their proceedings against her.

Hasina's lawyer barrister Shafik Ahmed filed two separate writ petitions with the High Court on Sunday against an extortion case and a case involving the purchase of MiG-29 warplanes.
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EC dialogue awaits wrap-up PDF Print E-mail
Country News
Monday, 15 September 2008

One year on

Staff Correspondent

The Election Commission, one year after it began dialogue with political parties, has yet to complete the process although it was scheduled to wrap up by the end of November last year.

The commission began electoral talks with political parties on Sept 12 last year, inviting 17 parties to the first round of dialogue.
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Amir Khasru Chy gets bail PDF Print E-mail
Country News
Monday, 15 September 2008

Staff Correspondent

The High Court on Sunday granted former commerce minister Amir Khasru Mahmud Chowdhury three-month bail in two cases.

The HC bench of justices Mirza Hossain Haider and Mamnun Rahman also stayed the case proceedings for the same period.

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Lifetime leadership doesn't mean lifelong chairperson PDF Print E-mail
Country News
Monday, 15 September 2008

Delwar says as clarification to earlier statement

Desk Report

BNP secretary general Khandaker Delwar Hossain clarified on Saturday night that Khaleda Zia's "lifetime leadership" of the party did not mean being appointed "chairperson for life".

The clarification came on the heels of an earlier statement—following a BNP standing committee meeting that decided Khaleda would "lead the party for life"—which gave rise to some misunderstanding.
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Hasina to need permanent ear-aid PDF Print E-mail
Country News
Monday, 15 September 2008

Says her son Joy

Staff Correspondent

Permanent damage in Sheikh Hasina's left ear will compel the former prime minister to use a hearing aid for the rest of her life, her son Sajib Wazed Joy said Saturday.

Joy, speaking to bdnews24.com by phone, said: "My mother's physical condition is better now. But the problem she had with her ear has no chance of improving in the future."
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JU students declare teacher 'persona non grata' PDF Print E-mail
Country News
Monday, 15 September 2008

A group of Jahangirnagar University students have decided to declare head of drama and dramatics Md Sanwar Hossain persona non grata on campus, and bar all entry to the university's drama department on Sunday, reports bdnews24.com

The students made the announcement around midnight as they relaxed their demonstrations against a syndicate meeting decision on Saturday to clear the teacher of sexual harassment charges.
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Police raid slums, relatives angry after bombs PDF Print E-mail
International News
Monday, 15 September 2008

REUTERS, NEW DELHI - Police officers trawled slums and criminal hideouts in New Delhi on Sunday rounding up suspects, after serial bombings in the city a day earlier killed at least 20 people and wounded nearly 100.

Police said they were pursuing several leads, including talking to an 11-year-old boy who said he had seen two men drop off a large plastic bag at one of the blast sites.
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88 killed as Russian Aeroflot plane crashes PDF Print E-mail
International News
Monday, 15 September 2008

REUTERS, Moscow- A Russian Boeing 737-500 airliner crashed near the Ural mountains on Sunday, killing all 88 passengers and crew on board -- 21 of them foreign nationals.

The plane, operated by Russia's national airline Aeroflot and on an internal flight from Moscow, ploughed into wasteland while trying to land in the Siberian city of Perm.
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Ronaldo set for Euro return PDF Print E-mail
Sports News
Monday, 15 September 2008

Star winger 'likely to be involved' against Villarreal

Sky Sports

Manchester United manager Sir Alex Ferguson has revealed that Cristiano Ronaldo could make a surprise return to action against Villarreal in the UEFA Champions League next week.

The Portuguese winger underwent an ankle operation in the summer and had been expected to be sidelined until October.
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Super-sub Babel ends Liverpool's Man Utd misery PDF Print E-mail
Sports News
Monday, 15 September 2008

AFP, LIVERPOOL, England - Ryan Babel ended Liverpool's four-year wait for a league victory against Manchester United as Rafa Benitez's team fought back from a goal down to win 2-1 at Anfield on Saturday.

Carlos Tevez's third minute opener looked set to extend United's unbeaten run against their bitter rivals, but two defensive errors by the champions gifted Liverpool the victory before Nemanja Vidic was sent off for two bookings in the ninetieth minute, which will now rule him out next Sunday's clash with Chelsea at Stamford Bridge.
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Babelīs late goal for Liverpool sinks Man Utd at last PDF Print E-mail
Sports News
Monday, 15 September 2008

AFP, LONDON  - Liverpool finally got the better of Manchester United as Ryan Babel's late goal clinched a 2-1 win over the defending Premier League champions on Saturday.

Rafa Benitez's side had lost seven of the last eight league encounters with their bitter rivals dating back to 2004, and the Reds fell behind early at Anfield when Carlos Tevez struck for United.
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Real and Barcelona desperate for victory PDF Print E-mail
Sports News
Monday, 15 September 2008

AFP, MADRID - Real Madrid are 40 million euros better off after selling Robinho to Manchester City, but his loss leaves the Spanish champions short of firepower in their quest for a third successive title.

Real coach Bernd Schuster was so concerned by the Brazilian's exit that he made two last-ditch offers for Valencia striker David Villa, top-scorer at Euro 2008, before the transfer window shut but the player decided to stay put.
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Scolari asked Clarke not to leave for West Ham PDF Print E-mail
Sports News
Monday, 15 September 2008

The Independent

Luiz Felipe Scolari yesterday told Steve Clarke that he was making a mistake in leaving Chelsea to join West Ham United. The Brazilian believes his contacts could have secured his assistant manager a much better job. Chelsea are demanding over £1m in compensation for the man who has resigned to become Gianfranco Zola's No 2.

Clarke, 45, is understood to be dismayed after Chelsea told him on Thursday that they would not agree to let him go, and subsequently refused to accept his resignation.
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Move to establish rule of law PDF Print E-mail
Editorial
Monday, 15 September 2008

Barrister Rafiqul Haque is an eminent lawyer and when he comments on law and legal aspects he does so with the authority of a lifetime of experiences and knowledge behind him. Recently he said, he worked to release some big politicians charged with corruption by the Emergency Government to establish the rule of law. Doubtless he means well but his comments reflect one particular perspective and other perspectives need to be taken into consideration too. The other perspective is how does one define the rule of law and what constitutes rule of law.

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Bush lifts restrictions on imported fuel due to Ike PDF Print E-mail
Business News
Monday, 15 September 2008

AFP, WASHINGTON  - US President George W. Bush announced on Saturday restrictions on imported gasoline had been suspended in response to Hurricane Ike which had forced companies to abandon oil refineries along the Texas coast.

"Last night we suspended EPA (Environmental Protection Agency) waivers on certain reformulated gasoline, which will make it easier for imports from abroad to make it into our markets.
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Alitalia 'can guarantee no flights after Sunday' PDF Print E-mail
Business News
Monday, 15 September 2008

AFP, ROME - Failing Italian airline Alitalia cannot guarantee any flights after Sunday because of lack of fuel, unions quoted special administrator Augusto Fantozzi as saying Saturday.

"Up to tomorrow (Sunday) we have guaranteed flights, but not on Monday because no-one will supply us with kerosene," Fantozzi reportedly said after summoning the nine unions for last-ditch talks to save the airline.
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U.S. Gives Banks Urgent Warning to Solve Crisis PDF Print E-mail
Business News
Monday, 15 September 2008

NY Times

As Lehman Brothers teetered Friday evening, Federal Reserve officials summoned the heads of major Wall Street firms to a meeting in Lower Manhattan and insisted they rescue the stricken investment bank and develop plans to stabilize the financial markets.

Timothy F. Geithner, the president of the New York Federal Reserve, called a 6 p.m. meeting so that bank officials could review their financial exposures to Lehman Brothers and work out contingency plans over the possibility that the government would need to orchestrate an orderly liquidation of the firm on Monday, according to people briefed on the meeting.
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