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French company to take over British utility

French electricity firm EDF has announced that it will take over British Energy.British Energy’s management have accepted the offer of 774 pence a share.The price

[Business] Japan adds dollars to the money market

Japan's central bank has made further efforts to calm financial turmoil in the country by injecting more funds into the banking system.The government has also ...
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[Business] Malyasian-UAE consortium bags $500-mn Abu Dhabi project

A consortium comprising Malaysian and United Arab Emirates (UAE)-based companies has a bagged a 1.9 billion-dirham ($500 million) construction contract for a new residential and ...
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[Business] New Indo-Nepal economic pact in pipeline

(IANS)A new economic pact between India and Nepal is in the pipeline with its seeds sown during Nepal's new Maoist Prime Minister Pushpa Kamal Dahal ...
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[Business] UAE firm buys stake in Finnish company for $177 mn

(IANS)Dubai/The United Arab Emirates' (UAE) renewable energy firm Masdar has acquired 40 percent stake in a Finnish wind turbine manufacturer for $177.3 million to become ...
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[Business] Dubai to host first ever global pearl forum

Wednesday 24th September, 2008  (IANS)This metropolis on the Gulf coast will be the venue of the first ever global conference on pearls.The Dubai Pearl Exchange, a ...
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[Business] UAE firm buys stake in Finnish company for $177 mn

(IANS)Dubai/The United Arab Emirates' (UAE) renewable energy firm Masdar has acquired 40 percent stake in a Finnish wind turbine manufacturer for $177.3 million to become ...
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[Business] Nigerian consortium to bid for Newcastle United

(IANS)A Nigerian consortium has emerged as the frontrunner to bid for English premier league club Newcastle United.Newcastle owner Mike Ashley, who bought the club 16 ...
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[Business] EU proposes drastic cuts on mobile roaming charges

(IANS)Europe's 500 million citizens may soon find it much cheaper to use their mobile phones while travelling abroad, according to proposals agreed Tuesday by the ...
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[Business] G7 supports US economic rescue plans

Monday 22nd September, 2008  The G7 group of finance ministers has held a teleconference to agree on actions to be taken to ensure the stability of ...
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Air New Zealand announces test flight using new biofuel

(IANS)Air New Zealand will make the world's first commercial aviation test flight powered by fuel created from the seeds of the African jatropha plant next

Nokia Siemens Networks to trim jobs

(IANS)The 50:50 joint venture Nokia Siemens Networks said Tuesday it planned to cut some 1,250 jobs in Finland and Germany as part of cost-cutting measures.The

Credit card pullback during festive season

Holiday season consumers are supposedly trying to limit their credit card purchases this year.A survey conducted for Reuters has shown a total of 88.6 percent

IMF chief calls for coordinated action to tackle financial crisis

IMF Managing Director Dominique Strauss-Kahn has urged the Group of Twenty (G-20) leaders to deal with the immediate fallout from the financial crisis through coordinated

India now top import source for Bangladesh

India has regained the top position as Bangladesh's importing source, beating China, having exported rice worth $874 million last year.Statistics released here last week by

Yen rises against world currencies

The yen has risen against the dollar and the euro, with investor sentiment remaining jittery over global recession fears.On Monday, Tokyo's Nikkei share average surrended

New attraction in Bangladesh: Taka 1000 currency note

(IANS)Bangladesh has introduced new Taka 1000 currency notes and they are much in demand with many heading to street vendors in the capital and even

Another two banks fail in US

Two more failed banks have brought the tally in the US to 19.On Friday, the government closed down Franklin Bank, a Houston, Texas-based bank and

British car sales down, but Tata's Jaguar up

(IANS)Sales of new cars in Britain fell by 23 percent in October - the steepest fall for 17 years - but Tata-owned Jaguar bucked the

IMF releases world forecast

Thursday 6th November, 2008  The International Monetary Fund released its global economic forecast Thursday in the face of a growing credit crisis and predicted a recession
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