Provides the latest RSS feeds for Asia Business News. For more headlines on Breaking, National, Business, Finance, Sports and World News, visit our home page Bangladesh Sun.com http://www.bangladeshsun.com/index.php/cat/5e8a9e9456185a7e/ en-us Mon, 20 May 2013 03:55:43 -0400 Mon, 20 May 2013 03:55:43 -0400 30 Jonathan Garner, MD & Chief Asia and Emerging Market Equity Strategist, Morgan Stanley explains his bullish stance on the Hong Kong benchmark ... http://www.bangladeshsun.com/index.php/sid/214625093/scat/5e8a9e9456185a7e Mon, 20 May 2013 02:57:16 -0400 http://www.bangladeshsun.com/index.php/sid/214625093/scat/5e8a9e9456185a7e Silver futures on Monday tumbled 4 per cent to hit the lower circuit at Rs 40,912 per kg, the lowest level in 31 months, largely in tandem with a weakening trend overseas. At ... http://www.bangladeshsun.com/index.php/sid/214625094/scat/5e8a9e9456185a7e Mon, 20 May 2013 02:54:31 -0400 http://www.bangladeshsun.com/index.php/sid/214625094/scat/5e8a9e9456185a7e At a certain level, there can be no bigger act of cheating than of players who deliberately underperform for material gain for sport works entirely on ... http://www.bangladeshsun.com/index.php/sid/214625095/scat/5e8a9e9456185a7e Mon, 20 May 2013 02:54:30 -0400 http://www.bangladeshsun.com/index.php/sid/214625095/scat/5e8a9e9456185a7e Members are registered users on Timesofindia.com. Only they are qualified to earn badges and points for their activities. So register and get a badge right ... http://www.bangladeshsun.com/index.php/sid/214625096/scat/5e8a9e9456185a7e Mon, 20 May 2013 02:54:30 -0400 http://www.bangladeshsun.com/index.php/sid/214625096/scat/5e8a9e9456185a7e (27 mins ago) Stocks in Tokyo gained 1.47 percent as investors renewed their hopes for Tokyo's growth policy while strong US data and the weaker yen continued to encourage investors. The benchmark Nikkei 225 index soared 222.69 points to 15,360.81, the best close since December 2007. The Topix index of all first-section issues climbed 1.30 percent or 16.27 points to 1,269.51. ... http://www.bangladeshsun.com/index.php/sid/214625097/scat/5e8a9e9456185a7e Mon, 20 May 2013 02:48:17 -0400 http://www.bangladeshsun.com/index.php/sid/214625097/scat/5e8a9e9456185a7e TOKYO, May 20 (Reuters) - The Nikkei share average surged to a fresh 5-1/2 year high on Monday, buoyed by further weakness in the yen and as the Japanese government raised its assessment of the economy in May for the first time in two months. Signs of an improving U.S. economy and Wall Street's record closing high on Friday cemented the positive mood. The Nikkei climbed 1.5 percent to ... http://www.bangladeshsun.com/index.php/sid/214625084/scat/5e8a9e9456185a7e Mon, 20 May 2013 02:09:52 -0400 http://www.bangladeshsun.com/index.php/sid/214625084/scat/5e8a9e9456185a7e futures trade in line with weak overseas trends. Gold prices, which had been plummeting since last week, fell by another Rs 399, or 1.54%, to trade at a Rs 25,556 per 10 grams for delivery in August at the Multi Commodity Exchange. The June contract of gold dropped by Rs 380, or 1.47%, to Rs 25,455 per 10 gm in 2,432 ... http://www.bangladeshsun.com/index.php/sid/214624506/scat/5e8a9e9456185a7e Mon, 20 May 2013 02:02:41 -0400 http://www.bangladeshsun.com/index.php/sid/214624506/scat/5e8a9e9456185a7e There is no case for downgrading India's sovereign credit rating, economic affairs secretary Arvind Mayaram told the news channel ET Now on Monday, after Standard & Poor's reiterated its negative outlook on the country's credit ... http://www.bangladeshsun.com/index.php/sid/214624507/scat/5e8a9e9456185a7e Mon, 20 May 2013 02:02:40 -0400 http://www.bangladeshsun.com/index.php/sid/214624507/scat/5e8a9e9456185a7e Toyota is planning a giant increase in production of lithium ion batteries as prepares to use them in its flagship Prius sedan, Reuters reports. Toyota plans a six-fold boost in it use of the batteries, ... http://www.bangladeshsun.com/index.php/sid/214624508/scat/5e8a9e9456185a7e Mon, 20 May 2013 02:01:26 -0400 http://www.bangladeshsun.com/index.php/sid/214624508/scat/5e8a9e9456185a7e Thailand's economy contracted more than expected in January-March from the previous three months, which economists said raises the chances that this month will bring a rate cut the government wants. Also on Monday, the National Economic and Social Development Board (NESDB) on Monday trimmed its forecast for full-year economic expansion to 4.2-5.2 percent from 4.5-5.5 percent range. For 2013, ... http://www.bangladeshsun.com/index.php/sid/214623850/scat/5e8a9e9456185a7e Mon, 20 May 2013 01:13:40 -0400 http://www.bangladeshsun.com/index.php/sid/214623850/scat/5e8a9e9456185a7e (41 mins ago) Hong Kong stocks were up 1.70 percent by the break on Monday, with investors encouraged by strong US data and reflecting a bullish mood on Wall Street, which ended last week at another all-time high. The benchmark Hang Seng Index rose 391.35 points to 23,474.03 by the noon break on turnover of HK$37.26 billion, AFP ... http://www.bangladeshsun.com/index.php/sid/214623851/scat/5e8a9e9456185a7e Mon, 20 May 2013 01:05:07 -0400 http://www.bangladeshsun.com/index.php/sid/214623851/scat/5e8a9e9456185a7e Australian stocks have enjoyed solid gains amid the party in global equities, rising around 20 percent over the past six months, however, one strategist fears the rally could be short-lived. The rally ... http://www.bangladeshsun.com/index.php/sid/214623279/scat/5e8a9e9456185a7e Mon, 20 May 2013 00:21:55 -0400 http://www.bangladeshsun.com/index.php/sid/214623279/scat/5e8a9e9456185a7e LOS ANGELES (MarketWatch) -- The Bank of Japan said in its May report issued Monday that the nation's economy was slowly improving, marking an upgrade from its views in the April update, according to reports. The previous outlook had mentioned signs of recovery but with weak spots, a Reuters report said, while Dow Jones Newswires said the upgrade was the first in two months. Japanese stocks ... http://www.bangladeshsun.com/index.php/sid/214623281/scat/5e8a9e9456185a7e Mon, 20 May 2013 00:09:09 -0400 http://www.bangladeshsun.com/index.php/sid/214623281/scat/5e8a9e9456185a7e steep decline and Japan's policymakers are starting to voice their concern about the pace of the currency's move. The yen pulled back from four-and-a-half year lows against the dollar on Monday following a report in the Wall Street Journal that cited Japanese economy minister Akira Amari as saying the yen's excessive strength has now been largely corrected and further weakness in ... http://www.bangladeshsun.com/index.php/sid/214622729/scat/5e8a9e9456185a7e Sun, 19 May 2013 23:29:35 -0400 http://www.bangladeshsun.com/index.php/sid/214622729/scat/5e8a9e9456185a7e (2 mins ago) Stocks in Tokyo gained 1.38 percent with investors encouraged by strong US data and the weaker yen. The benchmark Nikkei 225 index soared 208.89 points to 15,347.01 by the break while the Topix index of all first-section issues climbed 1.38 percent or 17.29 points to ... http://www.bangladeshsun.com/index.php/sid/214622742/scat/5e8a9e9456185a7e Sun, 19 May 2013 23:20:47 -0400 http://www.bangladeshsun.com/index.php/sid/214622742/scat/5e8a9e9456185a7e The U.S. dollar and its reaction to the Federal Reserve Chairman Ben Bernanke's Congress testimony on Wednesday will prove central for crude oil price direction this week, according to CNBC's weekly survey of market sentiment. Nine out of 13 respondents, or about 69 percent, expect prices to soften this week while two forecast gains and the remaining two are neutral on the market. ... http://www.bangladeshsun.com/index.php/sid/214622295/scat/5e8a9e9456185a7e Sun, 19 May 2013 22:35:39 -0400 http://www.bangladeshsun.com/index.php/sid/214622295/scat/5e8a9e9456185a7e (28 mins ago) Stocks in Hong Kong opened 1.3 percent higher following a three-day weekend, reflecting a bullish mood on Wall Street, which ended last week at another all-time high. The benchmark Hang Seng Index was up 301.11 points to 23,383.79 in the first few minutes of trade. Shares in Shanghai were up slightly in early trading due to buying of property stocks, dealers said. The benchmark ... http://www.bangladeshsun.com/index.php/sid/214622296/scat/5e8a9e9456185a7e Sun, 19 May 2013 22:27:07 -0400 http://www.bangladeshsun.com/index.php/sid/214622296/scat/5e8a9e9456185a7e " alt="Qantas find favour with business travellers while Virgin flies steady" style="position: absolute; top: 50%; left: 50%; margin-left: -233.5px; margin-top: -130px;" title="Qantas find favour with business travellers while Virgin flies steady" ... http://www.bangladeshsun.com/index.php/sid/214621736/scat/5e8a9e9456185a7e Sun, 19 May 2013 21:41:25 -0400 http://www.bangladeshsun.com/index.php/sid/214621736/scat/5e8a9e9456185a7e (MENAFN) Toyota Motor Corp is preparing to increase production of lithium-ion batteries to use them in the company's Prius, reported Reuters citing the Nikkei.The lithium-ion batteries will replace the nickel-metal hydride batteries that the automaker is using on its hybrid cars.This new battery is smaller and lighter, which will help improving the fuel economy.It's worth noting that ... http://www.bangladeshsun.com/index.php/sid/214621158/scat/5e8a9e9456185a7e Sun, 19 May 2013 20:57:13 -0400 http://www.bangladeshsun.com/index.php/sid/214621158/scat/5e8a9e9456185a7e A two-day Bank of Japan meeting, a speech by the Federal Reserve's chief and minutes from the latest Reserve Bank of Australia gathering put central banks in focus for Asian markets in the week ahead. The Bank of Japan (BOJ) concludes its policy meeting on Wednesday and economists are not expecting any significant changes so soon after the central ... http://www.bangladeshsun.com/index.php/sid/214621159/scat/5e8a9e9456185a7e Sun, 19 May 2013 20:52:30 -0400 http://www.bangladeshsun.com/index.php/sid/214621159/scat/5e8a9e9456185a7e Shibulal cited the recent Infosys 3.0 strategy as a transformation exercise that could set the company on a high-quality growth path in the long ... http://www.bangladeshsun.com/index.php/sid/214621161/scat/5e8a9e9456185a7e Sun, 19 May 2013 20:36:30 -0400 http://www.bangladeshsun.com/index.php/sid/214621161/scat/5e8a9e9456185a7e India's Prime Minister Manmohan Singh told visiting Chinese President Li Keqiang on Sunday a recent military standoff in the Himalayas could affect relations between the two countries as they looked to boost bilateral trade. At a meeting shortly after Li arrived in India on his first foreign trip, Singh said relations were affected when "peace and tranquility" on the border was ... http://www.bangladeshsun.com/index.php/sid/214620560/scat/5e8a9e9456185a7e Sun, 19 May 2013 20:00:40 -0400 http://www.bangladeshsun.com/index.php/sid/214620560/scat/5e8a9e9456185a7e NT Qantas is crippling the Territory's tourism industry, the national Transport Workers Union has said. The airline cancelled its seven flights a week to Central Australia, as well as direct flights between Canberra and Darwin, in February.TWU national secretary Tony Sheldon, in Darwin for the union's national council meeting today, said government needed to make sure airlines were ... http://www.bangladeshsun.com/index.php/sid/214620561/scat/5e8a9e9456185a7e Sun, 19 May 2013 19:58:46 -0400 http://www.bangladeshsun.com/index.php/sid/214620561/scat/5e8a9e9456185a7e Qantas is crippling the Territory's tourism industry, the national Transport Workers Union has said. The airline cancelled its seven flights a week to Central Australia, as well as direct flights between Canberra and Darwin, in February. TWU national secretary Tony Sheldon, in Darwin for the union's national council meeting today, said government needed to make sure airlines were ... http://www.bangladeshsun.com/index.php/sid/214620563/scat/5e8a9e9456185a7e Sun, 19 May 2013 19:44:29 -0400 http://www.bangladeshsun.com/index.php/sid/214620563/scat/5e8a9e9456185a7e VF Corp. VF confirmed on Saturday it was still using Liz Apparels to make its clothing following an inspection ordered by the factory owner, Nassa Group, on May 12. VF, whose other clothing brands include North Face, Timberland and Nautica, said its philosophy was to "stay and improve" working conditions."We are in daily contact with the facility and VF's leadership is closely ... http://www.bangladeshsun.com/index.php/sid/214619503/scat/5e8a9e9456185a7e Sun, 19 May 2013 18:22:42 -0400 http://www.bangladeshsun.com/index.php/sid/214619503/scat/5e8a9e9456185a7e MANILA, Philippines--The group of taipan George Ty expects its automotive business under Toyota Motor Philippines (TMP) to get a big boost from the rise of the domestic economy as per capita gross domestic product (GDP) is seen to hit $3,000 in the next few years. GT Capital, the parent company of TMP, is ready to ramp up manufacturing output and expand its distribution network to meet the ... http://www.bangladeshsun.com/index.php/sid/214619504/scat/5e8a9e9456185a7e Sun, 19 May 2013 18:07:09 -0400 http://www.bangladeshsun.com/index.php/sid/214619504/scat/5e8a9e9456185a7e MUMBAI: A recent Delhi high court order allowing the merger of Vodafone Essar's tower assets into Indus Towers will finally clear all legal hurdles for the tower company - a joint venture between India's top three private mobile operators Bharti Airtel, Vodafone ... http://www.bangladeshsun.com/index.php/sid/214618513/scat/5e8a9e9456185a7e Sun, 19 May 2013 16:41:29 -0400 http://www.bangladeshsun.com/index.php/sid/214618513/scat/5e8a9e9456185a7e Shibulal cited the recent Infosys 3.0 strategy as a transformation exercise that could set the company on a high-quality growth path in the long ... http://www.bangladeshsun.com/index.php/sid/214618514/scat/5e8a9e9456185a7e Sun, 19 May 2013 16:41:28 -0400 http://www.bangladeshsun.com/index.php/sid/214618514/scat/5e8a9e9456185a7e private equity firms, has raised $250 million (over Rs 1,350 crore) from global investors to build industrial warehousing in the country. The just-concluded fund raise probably signals the return of long-term risk investors to India investment story, which they had put on hold for last 24 months. Everstone is developing a network of warehousing centres through IndoSpace Logistics Parks, a joint ... http://www.bangladeshsun.com/index.php/sid/214618515/scat/5e8a9e9456185a7e Sun, 19 May 2013 16:41:27 -0400 http://www.bangladeshsun.com/index.php/sid/214618515/scat/5e8a9e9456185a7e real estate development in town, pesky messages have made a strong comeback. What's worse, there is a sudden rise in the number of phone calls, several of which are soliciting donations from non-governmental organizations (NGOs) that you have probably never heard of. Then, there are agents of some of the ... http://www.bangladeshsun.com/index.php/sid/214618516/scat/5e8a9e9456185a7e Sun, 19 May 2013 16:41:26 -0400 http://www.bangladeshsun.com/index.php/sid/214618516/scat/5e8a9e9456185a7e British tax . Writing in Britain's Observer newspaper, Schmidt insisted that Google "has always aspired to do the right thing" and that the company pays "significant" amounts of British corporate, local and employment tax. But he added: "International tax law could almost certainly benefit from reform." Margaret Hodge, chairwoman of the British parliament's ... http://www.bangladeshsun.com/index.php/sid/214617016/scat/5e8a9e9456185a7e Sun, 19 May 2013 14:06:05 -0400 http://www.bangladeshsun.com/index.php/sid/214617016/scat/5e8a9e9456185a7e Ernst and Young (E&Y) said. E&Y's survey, Global Payroll: Myth or Reality, reveals majority of multinationals want improvement in their payroll practices, yet they are skeptical about whether payroll providers can deliver a comprehensive global solution. The survey covered 161 respondents comprising global senior payroll ... http://www.bangladeshsun.com/index.php/sid/214616488/scat/5e8a9e9456185a7e Sun, 19 May 2013 13:14:56 -0400 http://www.bangladeshsun.com/index.php/sid/214616488/scat/5e8a9e9456185a7e Military Attack and Zac Purton are led in after the Singapore Airlines International Cup by George Moore, son of trainer John Moore. Photograph: Neville ... http://www.bangladeshsun.com/index.php/sid/214615373/scat/5e8a9e9456185a7e Sun, 19 May 2013 11:38:29 -0400 http://www.bangladeshsun.com/index.php/sid/214615373/scat/5e8a9e9456185a7e CANNES, FRANCE--The Cannes Film Festival is in full swing, and the key players from the film industry have jetted off to the south of France for 12 days of screenings, meetings and parties. But it's not just Hollywood A-listers who have made the trek out to the South of France. Brands from Belvedere to Magnum ice cream have ubiquitous presences during the festival. They pay to sponsor ... http://www.bangladeshsun.com/index.php/sid/214615374/scat/5e8a9e9456185a7e Sun, 19 May 2013 11:36:19 -0400 http://www.bangladeshsun.com/index.php/sid/214615374/scat/5e8a9e9456185a7e Eurovision Song Contest, blaming chancellor Angela Merkel's tough stance in the Euro zone crisis for their failure to win any points from 34 of the 39 countries voting. Denmark's Emmelie de Forest won the event, watched by around 125 million people across Europe, with 281 points while German act Cascada was 21st out of 26 countries, getting just 18 points from Austria, Israel, Spain, ... http://www.bangladeshsun.com/index.php/sid/214614928/scat/5e8a9e9456185a7e Sun, 19 May 2013 10:43:32 -0400 http://www.bangladeshsun.com/index.php/sid/214614928/scat/5e8a9e9456185a7e HOLDEN is in danger of shutting its manufacturing operations and could bring the rest of the car industry down with it. That's the warning from University of Adelaide Associate Professor John Spoehr, who says he is seeing similar signs to the lead-up of Mitsubishi's Adelaide factory closure in 2008. LABOR MP SEEKS TARIFFS TO SAVE HOLDEN JOBS "I'm very concerned about the ... http://www.bangladeshsun.com/index.php/sid/214614548/scat/5e8a9e9456185a7e Sun, 19 May 2013 10:00:00 -0400 http://www.bangladeshsun.com/index.php/sid/214614548/scat/5e8a9e9456185a7e said on Sunday it planned to open more than 50 new franchise stores worldwide over the next five years.F&F, which opened its first franchise store in Saudi Arabia last year, said it would open shops across the Middle East and in Kazakhstan, Georgia, Armenia and Azerbaijan.Up to six stores will be opened this year, with the first in the Kazakh capital Astana next month.F&F gave no details ... http://www.bangladeshsun.com/index.php/sid/214614156/scat/5e8a9e9456185a7e Sun, 19 May 2013 09:15:11 -0400 http://www.bangladeshsun.com/index.php/sid/214614156/scat/5e8a9e9456185a7e Toyota's Auris Hybrid - an eco car that does almost 75 miles to a gallon with just a nostril caressing whiff of emissions - 85g/km. The ethically pure Auris is as clean as Jay Rayner's dinner plate...The notion of a green car will, of course, always be oxymoronic. Like false truths, turkey ham or Arsenal trophies, some pairings seem poles apart. But manufacturers are working hard at ... http://www.bangladeshsun.com/index.php/sid/214612813/scat/5e8a9e9456185a7e Sun, 19 May 2013 05:44:24 -0400 http://www.bangladeshsun.com/index.php/sid/214612813/scat/5e8a9e9456185a7e Following the recent exercise of unbundling various services like charging for privileged seats, meals and excess baggage, several airlines put a price on seat ... http://www.bangladeshsun.com/index.php/sid/214611574/scat/5e8a9e9456185a7e Sun, 19 May 2013 03:05:59 -0400 http://www.bangladeshsun.com/index.php/sid/214611574/scat/5e8a9e9456185a7e A series of scandals and the subsequent sackings of UPA ministers may have left Manmohan Singh alone, but he’s still got his right hand men in bureaucracy to lean ... http://www.bangladeshsun.com/index.php/sid/214611148/scat/5e8a9e9456185a7e Sun, 19 May 2013 02:16:27 -0400 http://www.bangladeshsun.com/index.php/sid/214611148/scat/5e8a9e9456185a7e Indian equity market so far this month. With this, the total foreign investment in the country's equity market has reached Rs 73,029 crore ($13.5 billion) since January. During May 2-17, foreign institutional investors (FIIs) were gross buyers of shares worth Rs 37,997 crore, while they ... http://www.bangladeshsun.com/index.php/sid/214610698/scat/5e8a9e9456185a7e Sun, 19 May 2013 01:26:12 -0400 http://www.bangladeshsun.com/index.php/sid/214610698/scat/5e8a9e9456185a7e cloud computing , which allows consumers and businesses to access data and applications anywhere, anytime. "You have to focus on cloud as a tech investor at this point," Ken Allen, technology portfolio manager at T. Rowe Price, told CNBC this week. "It cuts across the industry, across subsectors." Given cloud computing's potential, Wall Street analysts remain bullish on ... http://www.bangladeshsun.com/index.php/sid/214610175/scat/5e8a9e9456185a7e Sun, 19 May 2013 00:37:39 -0400 http://www.bangladeshsun.com/index.php/sid/214610175/scat/5e8a9e9456185a7e LAHORE: Punjab Industrial Estate Development and Management Company (PIEDMC) plans a mega industrial estate spread over 100,000 acres where it intends to establish a Special Export Zone to facilitate Chinese investors interested in relocating their industries to Pakistan, S M Tanveer, chairman of PIEDMC, told The News on Saturday. Two years ago, the Chinese offered to establish dedicated ... http://www.bangladeshsun.com/index.php/sid/214609238/scat/5e8a9e9456185a7e Sat, 18 May 2013 22:48:42 -0400 http://www.bangladeshsun.com/index.php/sid/214609238/scat/5e8a9e9456185a7e LAHORE: The economic team of Pakistan Muslim League-Nawaz (PML-N) led by Ishaq Dar is capable of reviving the economy of the country as they did in their tenure in 1997-99, which was as challenging as of today particularly after 1998 bomb blasts by Pakistan, said economists. The Pakistan's economy is inherently very strong and it could be rescued even from the current brink of disaster if ... http://www.bangladeshsun.com/index.php/sid/214609237/scat/5e8a9e9456185a7e Sat, 18 May 2013 22:48:41 -0400 http://www.bangladeshsun.com/index.php/sid/214609237/scat/5e8a9e9456185a7e KARACHI: The export of seafood is suffering at the hands of customs authorities, who are allegedly demanding bribes worth Rs30,000 per consignment, according to the Pakistan Fisheries Exporters Association (PAKFEA). A customs official, requesting anonymity, said the FBR has requested the Pakistan Customs Services (PCS) to prepare and submit a report on the complaints being received by seafood ... http://www.bangladeshsun.com/index.php/sid/214609241/scat/5e8a9e9456185a7e Sat, 18 May 2013 22:48:41 -0400 http://www.bangladeshsun.com/index.php/sid/214609241/scat/5e8a9e9456185a7e KARACHI: Provincial food departments and the federal procurement agency, PASSCO, have so far procured less than 50 percent of its set target for wheat in the current financial year. "Provincial food departments and the Pakistan Agricultural Storage and Services Corporation(PASSCO) have so far procured a mere 3.2 million tons wheat, which is less then 50 percent of the set target of 7.1 ... http://www.bangladeshsun.com/index.php/sid/214609240/scat/5e8a9e9456185a7e Sat, 18 May 2013 22:48:41 -0400 http://www.bangladeshsun.com/index.php/sid/214609240/scat/5e8a9e9456185a7e Pakistan's new government's first - and stiffest - challenge will come from the economy: wiht the fiscal deficit at least a staggering nine per cent of the GDP. That's almost twice the target - and combinded with annual economic growth between three and four per cent makes for dismal reading. All this combines to make economic recovery tough for PML-N chief Nawaz Sharif - as he ... http://www.bangladeshsun.com/index.php/sid/214609242/scat/5e8a9e9456185a7e Sat, 18 May 2013 22:48:40 -0400 http://www.bangladeshsun.com/index.php/sid/214609242/scat/5e8a9e9456185a7e KARACHI: The business community has opposed the raise in electricity tariff by Rs5.82 per unit and termed it an unjustified act by the caretaker government. In a statement issued on Saturday, Zubair Ahmed Malik, president of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), said that the caretaker government is not empowered to take such decisions and it should wait for the ... http://www.bangladeshsun.com/index.php/sid/214609243/scat/5e8a9e9456185a7e Sat, 18 May 2013 22:48:39 -0400 http://www.bangladeshsun.com/index.php/sid/214609243/scat/5e8a9e9456185a7e LONDON/WASHINGTON: A European probe into possible oil price manipulation expanded with the investigation of a small niche trading house in the Netherlands, while a key US senator on Friday called for the Justice Department to join the investigation. Dutch trading house Argos Energies, a mid-sized trading company that deals in physical oil products and owns storage facilities, was visited by ... http://www.bangladeshsun.com/index.php/sid/214609244/scat/5e8a9e9456185a7e Sat, 18 May 2013 22:48:39 -0400 http://www.bangladeshsun.com/index.php/sid/214609244/scat/5e8a9e9456185a7e ISLAMABAD: Irfan Mirza, an expert on energy sector, has said that Pakistan should greatly concentrate on hydroelectricity production in the coming days, a statement said on Saturday. There is no reason that can be attributed for the shortage of energy in Pakistan, he said. "To redress the energy problem, we tilted our focus to thermal and we opted for oil-based products," he said, ... http://www.bangladeshsun.com/index.php/sid/214609239/scat/5e8a9e9456185a7e Sat, 18 May 2013 22:48:38 -0400 http://www.bangladeshsun.com/index.php/sid/214609239/scat/5e8a9e9456185a7e KARACHI: The Pakistan Standards & Quality Control Authority (PSQCA) has launched a campaign against bottled drinking water, an official said. Pir Bux Jamali, director general of PSQCA, considered the complaints regarding bottled drinking water and directed all the directors to conduct strict monitoring of bottled drinking water manufacturers across the country and re-verify their ... http://www.bangladeshsun.com/index.php/sid/214609245/scat/5e8a9e9456185a7e Sat, 18 May 2013 22:48:37 -0400 http://www.bangladeshsun.com/index.php/sid/214609245/scat/5e8a9e9456185a7e LAHORE: A three-day Pakistan Auto Show will take place in March in Lahore, to showcase the development of the country's automotive industry and auto parts manufacturing sector, its organisers said on Saturday. The annual event will be held at the Expo Centre from March 6 to 8, its organisers, the Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM), announced after ... http://www.bangladeshsun.com/index.php/sid/214609247/scat/5e8a9e9456185a7e Sat, 18 May 2013 22:48:36 -0400 http://www.bangladeshsun.com/index.php/sid/214609247/scat/5e8a9e9456185a7e ISLAMABAD: The National Bank of Pakistan (NBP) and AF Ferguson & Co (PwC) have signed a landmark agreement for Business Process Review and Coso implementation at the NBP's head office. The NBP President Dr Asif A Brohi said, "NBP is committed to achieve the leadership position in the industry by adopting international best practices and ensuring consistent compliance with regulatory ... http://www.bangladeshsun.com/index.php/sid/214609248/scat/5e8a9e9456185a7e Sat, 18 May 2013 22:48:36 -0400 http://www.bangladeshsun.com/index.php/sid/214609248/scat/5e8a9e9456185a7e LONDON: Commodity prices mostly weakened this week, hit by a stronger dollar and falling demand for raw materials amid persistent concerns about the state of the troubled global economy, according to analysts. Figures published Wednesday revealed that the dogged recession across the Eurozone has snared key economy France. In Brussels, French President Francois Hollande tipped 'zero' ... http://www.bangladeshsun.com/index.php/sid/214609246/scat/5e8a9e9456185a7e Sat, 18 May 2013 22:48:35 -0400 http://www.bangladeshsun.com/index.php/sid/214609246/scat/5e8a9e9456185a7e Celebrating the successful general elections, the Karachi Stock Exchange benchmark 100-index surged by 621 points in the week to a new all-time high of 20,537.03 points, while during the next week the index would continue to move upward, if there appears no political setback, dealers said. Analysts say that the market witnessed correction during the week and could further go through that but ... http://www.bangladeshsun.com/index.php/sid/214609254/scat/5e8a9e9456185a7e Sat, 18 May 2013 22:48:35 -0400 http://www.bangladeshsun.com/index.php/sid/214609254/scat/5e8a9e9456185a7e Port Qasim handled a cargo volume of 61,825 tons during the last 24 hours that included 34,600 tons of imports and 27,225 tons of exports, the Port Qasim Authority (PQA) reported on Saturday. Accordingly, the port handled imports, including containerised cargo (21,600 tons), and palm oil (13,000 tons). It handled exports, including containerised cargo (25,280 tons), and rice (1,945 tons). Berth ... http://www.bangladeshsun.com/index.php/sid/214609253/scat/5e8a9e9456185a7e Sat, 18 May 2013 22:48:34 -0400 http://www.bangladeshsun.com/index.php/sid/214609253/scat/5e8a9e9456185a7e Karachi The local currency market witnessed a mixed trend this week. However, it may see volatile trading session in the coming week, amid payment of another installment of loan to the International Monetary Fund (IMF), which is scheduled for May 24, currency experts said. Traders have expressed concern over the dwindling foreign exchange reserves of the State Bank of Pakistan (SBP) and the ... http://www.bangladeshsun.com/index.php/sid/214609252/scat/5e8a9e9456185a7e Sat, 18 May 2013 22:48:34 -0400 http://www.bangladeshsun.com/index.php/sid/214609252/scat/5e8a9e9456185a7e Gold fell for a seventh straight session on Friday, its longest losing streak in four years, as the dollar rose to the highest since 2008 after some Federal Reserve officials said the central bank should end its stimulus for the US economy. Investors also rejected gold's safe-haven lure after a May reading for US consumer sentiment hit a near six-year high, showing Americans are feeling ... http://www.bangladeshsun.com/index.php/sid/214609251/scat/5e8a9e9456185a7e Sat, 18 May 2013 22:48:33 -0400 http://www.bangladeshsun.com/index.php/sid/214609251/scat/5e8a9e9456185a7e Oil rose for a third straight session on Friday, supported by a raft of strong economic data from top oil consumer the United States that also boosted US equities, even as the dollar hit a multi-year high. The Conference Board's Leading Economic Index, a gauge of future US economic activity, rose in April to its highest level in nearly five years, and US consumer sentiment rebounded in early ... http://www.bangladeshsun.com/index.php/sid/214609250/scat/5e8a9e9456185a7e Sat, 18 May 2013 22:48:33 -0400 http://www.bangladeshsun.com/index.php/sid/214609250/scat/5e8a9e9456185a7e KARACHI- May 18th, 2013: Striving to provide ever greater value to its customers, Pakistan State Oil (PSO) has reached yet another technological milestone by introducing chip-based Smart Cards. These fuel cards are the first of their kind to be launched by any OMC in Pakistan. The formal launch ceremony was organized under the theme of "Your World Just Got Smarter!" at DHA Golf Club, ... http://www.bangladeshsun.com/index.php/sid/214609249/scat/5e8a9e9456185a7e Sat, 18 May 2013 22:48:32 -0400 http://www.bangladeshsun.com/index.php/sid/214609249/scat/5e8a9e9456185a7e France has a special responsibility as a euro zone heavyweight to take deficit reduction rules seriously, even though its budget deficit is above ... http://www.bangladeshsun.com/index.php/sid/214608724/scat/5e8a9e9456185a7e Sat, 18 May 2013 21:58:02 -0400 http://www.bangladeshsun.com/index.php/sid/214608724/scat/5e8a9e9456185a7e