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Thursday 29th of July 2010, 05:51:40 PM
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Financial News
GLOBAL
Oil creeps up after overnight fall
SINGAPORE July 29:
World oil prices climbed past $77 a barrel mark in early Asian trade Thursday after an overnight dip following reports of largest weekly increase in US crude inventories for nearly two years reports Commodity Online
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GLOBAL
Gold, silver prices reach capitulation point
New York July 29:
After reaching an all-time record, gold prices have fallen to $1,158 levels while silver has declined to $17.63. The National Inflation Association pointed that gold and silver prices have reached a capitulation point reports Commodity Online.
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GLOBAL
Former top diplomat Rice opts for Mozart concerto
PHILADELPHIA July 29:
Former Secretary of State Condoleezza Rice abandoned international affairs for a Mozart piano concerto on Today, teaming up with Soul legend Aretha Franklin to perform at a charity concert reports AFP.
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GLOBAL
Obama pushes business bill as an all-American goal
EDISON July 29:
President Barack Obama on Wednesday cast his latest economic pitch as a matter of patriotism, urging the Senate to ditch its partisan mode at least long enough to pass a package of tax cuts and loan relief for small businesses. "This is as American as apple pie," the president said reports AP.
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GLOBAL
Japan retail sales up 3.2 percent in June
TOKYO July 29:
Japan's retail sales in June rose for the sixth straight month, but the pace of growth is slowing reports AP.
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GLOBAL
Asian shares down on new signs US economy slowing
SINGAPORE July 29:
Most Asian markets retreated Thursday after fresh evidence of slower U.S. growth blunted appetite for riskier assets like stocks reports AP.
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LOCAL
New chairman for IFIC Bank
Dhaka July 29:
IFIC Bank Ltd has elected Salman F Rahman as its chairman, the bank said in a statement yesterday.
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LOCAL
City Bank opens airport lounge
Dhaka July 29:
City Bank launched the country's first airport lounge at Shahjalal International Airport in Dhaka on Tuesday reports Star Business.
The City Bank American Express Lounge will provide privileged services to American Express Gold cardholders.
The facilities are complementary that include food and beverage and Wi-Fi connections for internet access.
Dhaka Sheraton Hotel will manage the lounge, the bank said in a statement.
Shafique Alam Mehdi, secretary-in-charge of civil aviation ministry, inaugurated the lounge in the presence of Kula Kulendran, executive vice president and head of global network services for Japan, Asia Pacific and Australia (JAPA) of American Express.
Cheng Heng Chew, vice president and head of new business partnerships for JAPA of American Express, Aziz Al Kaiser, chairman of City Bank, and K Mahmood Sattar, managing director and chief executive officer, were also present.
"It set a new benchmark for the travel industry," said the civil aviation secretary.
"The opening of City Bank American Express Lounge is another testimony to our commitment of delivering world-class service and personal recognition to our card-members in Bangladesh," Kulendran said.
"We'll continue introducing new services and benefits to fulfil affluent customers' needs and contribute to the development of Bangladeshi credit card market."
The City Bank chairman said: "American Express is proud to have done something not only for their card-members but for the tourism sector in Bangladesh."
The bank is the exclusive merchant acquirer and issuer of American Express credit cards in Bangladesh.
BID/PUTUL/JOY/12:35 pm
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LOCAL
SEC approves 3 firms rights offers
Dhaka July 29:
Three listed companies have received a go-ahead from the stockmarket regulator to raise capital through issuing rights shares reports Star Business
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LOCAL
Shrimp exports face new hurdle
Dhaka July 29:
Shrimp exports face a new challenge as European Union has recently imposed rules making it mandatory for at least 20 percent of consignments from Bangladesh to go through a check reports Star Business.
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LOCAL
Western Marine launches ice-class vessels
Dhaka July 29:
Marking a milestone in the shipbuilding industry, Western Marine Shipyard Ltd has rolled out two ice-class vessels reports Star Business.
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GLOBAL
China faces challenge unwinding stimulus measures: IMF
WASHINGTON, July 29:
China faces a key challenge of unwinding stimulus measures and easing credit expansion as it
pushes ahead with rapid economic growth, the IMF said yesterday reports BSS.
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LOCAL
RAKUB disburses Taka 1060.12- crore agri-loan in N-region
Dhaka July 29:
Rajshahi Krishi Unnayan Bank (RAKUB) has disbursed Taka 1060.12 crore as loan for boosting rural economy as well as generating employment through enhancing agricultural and non-agricultural production everywhere in the country's northwestern region during the last 2009-10 fiscal reports BSS.
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LOCAL
Price of essential will remain stable in Ramadan: Faruk
Dhaka July 29:
Commerce Minister Faruk Khan today said the price of essentials will remain stable in the month of Ramadan reports BSS.
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