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LONDON (Reuters): European stocks rose while bonds and the euro were mostly steady on Thursday ahead of a European Central Bank meeting that is expected to cut interest rates, the first act in two crunch days for efforts to quell the euro zone’s debt crisis. The ECB is also expected to unveil a new package ...
- Market Jitters (Category: Business)
- Decision on Jupiter space mission (Category: Technology)
- European Union injects Euro 60 m into Sri Lanka (Category: Breaking News)
- Global stock markets rally (Category: Canada, Ontario)
Reuters: China’s annual rate of export growth slowed in November versus October, vice commerce minister Chong Quan told reporters on Wednesday, confirming market expectations that deteriorating external conditions are dragging on the world’s No. 2 economy. “Export growth in November was even slower than October,” Chong told reporters on the sidelines of a news conference .....
- China January trade surplus soars as imports crumble (Category: Business)
- Asia’s double-edged currency sword (Category: Business)
- OECD sees euro crisis threatening world recovery (Category: Business)
- China swings to surprise trade surplus in March (Category: Business)
PARIS/NEW YORK (Reuters): Standard & Poor’s has warned it may carry out an unprecedented mass downgrade of euro zone countries, including Germany and France, if EU leaders fail to deliver a convincing agreement on how to solve the region’s debt crisis in a summit on Friday. The ratings warning sent markets reeling and drew a ...
- Merkel, Sarkozy promise new crisis package, offer no details (Category: Business)
- Sarkozy, Merkel agree to stop sniping on ECB crisis role (Category: Business)
- Euro zone crisis reaches France, turns existential (Category: Business)
- Euro zone crisis set to dominate G20 meeting in Paris (Category: Business)
HONG KONG (AFP): Asian markets mostly rose Monday, lifted by strong US jobs data and Italy’s agreement of new austerity measures, while dealers were also looking ahead to a Franco-German meeting to save the euro. Investor confidence remained high after last week’s rally that was spurred by the decision of six major central banks to ...
- Global stocks retreat after Swiss move; euro jumps (Category: Business)
- Global shares inch up, capped by Spanish crisis (Category: Business)
- Euro zone Oct inflation at 3 pct despite cooler growth (Category: Business)
- Dollar softer, but euro fails get a boost (Category: Business)
By Ian The President in his speech at the opening of the Southern Expressway said that this could be the beginning of building a modern society. He also mentioned that had there been such an expressway linking the north with the south the extremists would not have succeeded in capitalising on the mistrust among communities. ...
- "I dont like to use the term 'student supppression' simply because there is no such thing" (Category: Breaking News)
- JVP accuses Govt. of crippling University system (Category: Business)
- Sri Lanka to open new universtities to improve higher education (Category: Breaking News)
- Gota urges educated youth to take country forward (Category: Business)
Virtusa Corporation, a global IT services company that offers a broad range of information technology services, including IT consulting, technology implementation, and application outsourcing services, announced yesterday it has been recognised by American Banker, Bank Technology News and IDC Financial Insights on the 2011 FinTech 100 List. The list, currently in its eighth year, ranks the .....
- Virtusa named to Forbes’ List of 100 Best Small Companies in America (Category: Business)
- Virtusa announces First Quarter Fiscal 2011 financial results (Category: Breaking News)
- Virtusa announces Third Quarter Fiscal 2011 financial results (Category: Breaking News)
- Virtusa named to Globe 100 (Category: Business)
By Cheranka Mendis With mobile penetration directly linked to increasing economic growth in a country, Sri Lanka with its bullish growth prospective stands to benefit heavily from the ever-expanding ICT and telecommunication sector. Alcatel-Lucent Asia Pacific President Rajeev Singh-Molares who was in Sri Lanka for a brief visit yesterday told the media that a World ...
- Sierra Global strengthen ties with Alcatel-Lucent (Category: Business)
- Alcatel-Lucent doubles revenue in Lanka (Category: Breaking News)
- Alcatel Lucent’s APAC President in town (Category: Business)
- Alcatel-Lucent unveils first profit of $ 1.33 b in six years (Category: Business)
Having launched Sri Lanka’s first-ever equity investments and financial information portal, Sri Lanka Equity Analytics (www.srilankaequity.com) recently celebrated its successive second year of operations by reaching the milestone of 5,000 registered online memberships and over five million hits. Sri Lanka Equity Analytics is a financial portal designed to address varying needs of the invest...
- Borsa Italiana’s cash markets go live on MITs Millennium Exchange (Category: Business)
- Millennium’s Trading and Surveillance platforms go live in Johannesburg (Category: Business)
- ‘Those who live by the Dhamma are protected by the Dhamma’ SEC Chief tells investors (Category: Business)
- SUN FM presents Arash live in concert this December (Category: Business)
The Arab League approved by a majority vote on Sunday sweeping economic sanctions on Syria over its crackdown on protesters and the Qatari foreign minister said if Arabs failed to contain the crisis, other foreign powers could intervene. Qatari Prime Minister and Foreign Minister Sheikh Hamad bin Jassim Al-Thani has previously said Arabs wanted to ...
- Arab League stops short of suspending Syria, urges dialogue (Category: Business)
- Obama to press EU leaders over debt crisis (Category: Business)
- Russia vetoes UN resolution against Syria (Category: Business)
- Ahmadinejad denounces ‘uncivilised Zionists,’ urges new order (Category: Business)
No unanimity on exchange rate movement A front page headline news item in this paper on last Saturday had reported on an apparent division of opinion between the two top policy makers of the country, namely the Treasury Secretary Dr. P.B. Jayasundera and the Central Bank Governor Ajith Nivard Cabraal, on the depreciation of the ...
- Rupee sinks to record low (Category: Business)
- CB to stop supplying dollars for oil bills (Category: Business)
- Appreciating the exchange rate to create prosperity (Category: Business)
- Devaluation divide (Category: Business)
Reserve Bank of India, State Bank of Pakistan and Maldives Monetary Authority to participateThe first ever Governor’s Challenge Trophy- global commerce quiz will be held on 13 December in Colombo. The quiz has taken an international dimension with three major regional central banks participating along with the Sri Lankan corporate, banking and other sectors for ...
- Popularising international trade and commerce through mind sports competitions (Category: Business)
- Seylan Bank felicitates victorious trade quiz team (Category: Business)
Reuters: France and Germany agreed on Thursday to stop arguing in public over whether the European Central Bank should do more to rescue the euro zone from a deepening sovereign debt crisis. President Nicolas Sarkozy and Chancellor Angela Merkel said after talks with Italian Prime Minister Mario Monti that they trusted the independent central bank ...
- S&P piles pressure on Franco-German budget plan (Category: Business)
- Crisis in Italy spurs fears of euro zone break-up (Category: Business)
- EU leaders to agree on permanent bailout fund (Category: Business)
- Euro zone crisis reaches France, turns existential (Category: Business)
(Reuters) – England have signed a unique sponsorship agreement with Investec that will see the specialist bank and asset managing company backing test cricket for the next 10 years. “This is excellent news… and a further boost following the England team’s recent achievement in becoming the world’s number one ranked test side,” England and Wales ...
- Cricket-Sri Lanka v England, 1st test scoreboard - tea (Category: Breaking News)
- England v Sri Lanka: frustration as over-rates fall to slowest in Test history (Category: Breaking News)
- England’s Broad Out of Final Sri Lanka Test With Strained Calf (Category: Breaking News)
- Lanka seek series win in landmark Colombo Test (Category: Breaking News)
BEIJING (Reuters): A long-term global recession is certain to happen and China must focus on domestic problems, Chinese Vice Premier Wang Qishan has said. “The one thing that we can be certain of, among all the uncertainties, is that the global economic recession caused by the international financial crisis will be chronic,” Wang was quoted ...
- China says ready to play positive role in easing Sri Lanka s debt burden (Category: Breaking News)
- China to help Sri Lanka address challenges of financial debt - Foreign Minister (Category: Breaking News)
- Sri Lanka drifts between Indian willingness and Chinese reluctance (Category: Breaking News)
Public interest activist Nihal Sri Ameresekere last week fired separate letters to Central Bank Governor Nivard Cabraal and Information Minister and Cabinet Spokesman Keheliya Rambukwella, raising questions over their individual remarks on the contentious Expropriation Bill. The letter to Cabraal was on the Central Bank’s statement on the bill, also known as the Revival Bill. ...
- Nihal’s FR Application on the Expropriation Law (Category: Business)
- Nihal Sri files application before SC to re-examine Expropriation Bill (Category: Business)
- Breakthrough in Nihal’s FR application on ‘Expropriation Bill’ (Category: Business)
Economy minister advises against buying foreign cash, gold Dollar rush pushes forex price 23 pct above official rate Struggling to control rate, cen bank names new forex head TEHRAN (Reuters): The Iranian government has asked its citizens not to buy dollars, in an effort to stem a rush for hard currency that has sent the ...
- Rupee premiums under pressure after IMF statement (Category: Business)
- Steve Hanke on currency boards and flawed pegs amid Sri Lanka meltdown (Category: Breaking News)
- Asian shares mostly up on Wall Street rally, stimulus hopes (Category: USA, South Dakota)
- Asian shares mostly up on Wall Street rally, stimulus hopes (Category: USA, South Dakota)
The Colombo stock market plunged further yesterday prolonging the misery as panic selling picked up heightening investor fears. The market saw Rs. 25 billion in value wiped off bringing the total to over Rs. 150 billion since 3rd November. Reinforcing market’s pulse, Reuters said mainly due to negative sentiment created by an expropriation bill amid ...
- Losses at Bourse balloon to Rs. 142 b (Category: Business)
- Stock market dip aggravates (Category: Business)
- Investor confidence worsens by the day; bourse loses Rs. 53 b in value (Category: Business)
DUBAI (Reuters): Qatar Airways slammed the brakes on an expected $6.5 billion deal with Airbus at the last minute on Tuesday, throwing the Dubai Air Show into disarray as the airline’s head signed a deal with Boeing and told its European rival to go back to basics. Chief Executive Akbar Al Baker said Airbus was ...
- Air France-KLM orders Airbus, Boeing jets worth $ 12 b (Category: Business)
- Airbus sees China, Asia as recession buffer (Category: Business)
- AirAsia in $4 b talks for 50 Airbus A320 jets (Category: Business)
- Air Arabia receives new Airbus (Category: Business)
All of the Commonwealth will today focus on the crucial vote for the host of 2018 Commonwealth Games with Sri Lankan contingent publicly and personally upbeat about candidate city Hambantota’s chances. Sri Lanka’s spirited southern port city Hambantota and Australia’s Gold Coast need minimum 36 votes out of 71 Commonwealth Games Associations at the CGF ...
- 2018 CW Games bid team appeals to underdog status (Category: Business)
- Gillard double-crossed over Games bid (Category: Business)
- Hambantota beats Gold Coast in transport system for 2018 CWG (Category: Business)
- Gold Coast intensify 2018 Comm Games bid (Category: Business)
DNH Financial Ltd., is confident that investors can beat the bearish market provided a portfolio is built comprising most compelling companies in the ASPI not only based on macro-economic fundamentals but closely tied to local consumption dynamics. This assessment is contained in DNH’s weekly stock market review, excerpts of which are as follows. A flash ...
- Bourse still draws a beeline (Category: Business)
- Market in heavy need of a new direction – Asia Wealth (Category: Business)
- Colombo Bourse becoming a ‘stockpickers’ market! (Category: Business)
- Sri Lanka’s growth world’s fourth best! (Category: Business)
REUTERS (New Delhi): Rahul Gandhi is likely to succeed his mother and India’s most powerful politician Sonia Gandhi as Congress party chief in four to eight weeks, The Economic Times reported on Saturday, citing several unnamed party leaders and a government minister. While the party spokesmen denied any knowledge of the development and refused to ...
- Ailing matriarch Sonia puts Gandhi dynasty at crossroads (Category: Business)
- Sonia Gandhi questioned in money laundering case (Category: Breaking News)
- Gandhi clan blamed for keeping India in poverty (Category: Business)
- Gandhi family loyalist Ashok Gehlot to run for Congress President (Category: Breaking News)
Muttiah Muralitharan, the most successful bowler in the history of cricket, is to play a key role in Sri Lanka’s Hambantota 2018 bid to host the 2018 Commonwealth Games. Now retired from international cricket, Murali (39) seemingly has one more special delivery up his sleeve for Sri Lanka. He is part of a delegation travelling ...
- Kenyan ‘Kip’ Keino backs Hambantota 2018 Games bid (Category: Business)
- Rising stars shine light on Hambantota bid (Category: Business)
- Hambantota confident as 2018 Commonwealth Games Vote countdown begins (Category: Business)
- Murali to help SL win Commonwealth Games bid (Category: Breaking News)
Confidence, the most critical element of the business climate Need of the hour Investment needs to increase from 28% (2010) to 34% of GDP to attain the Government’s growth target of 8%, as Sri Lanka’s incremental capital output ratio is 4.2. Public investment has been capped at 6%-7% of GDP. This means that private investment, ...
- Fitch joins chorus, says nationalisation law could hinder investment (Category: Business)
- Plug the leaks (Category: Business)
- More private sector investments key for higher growth – ADB (Category: Business)
- How attractive or unattractive is our business climate to foreign investors? (Category: Business)
Following is the address delivered by Senior Minister for International Monetary Cooperation Dr. Sarath Amunugama at the fourth South Asia Economic Summit (SAES IV) Plenary Session: In the aftermath of the global economic crisis, there has been a noticeable shift in economic clout, moving from the USA and the debt-plagued countries of the Eurozone, to ...
- Asia Pacific trade and investment (Category: Business)
- Developing Asia’s growth to moderate amid global uncertainty, says ADB (Category: Business)
- Challenging times for Asia Pacific (Category: Business)
- Achieving economic goals amidst global challenges (Category: Business)
Reuters: Asian shares fell and commodities slipped as the dollar spiked to a three-month high against the yen following Japan’s intervention, prompting investors to book profits after last week’s rally. The dollar rose more than 4 percent against the yen to above 79 yen, hours after briefly falling to a record low of 75.31 yen ...
- Asian shares fall on European political uncertainty (Category: Business)
- Asian markets end on a mixed note on May Day (Category: Business)
- Shares ease on China growth worry, dollar stays firm (Category: Business)
- Asian shares fall on fears over Europe fund tightness (Category: Business)
REUTERS : Asian stocks headed for their best week in nearly three years after a long-awaited plan to resolve the European debt crisis sparked a huge relief rally in riskier assets, while the euro took a breather after jumping to a seven-week high. European shares were set to extend the previous session’s sharp rally, with ...
- World stocks off early highs ahead of US jobs (Category: Business)
- World stocks retreat as debt worries, economy outlook weigh (Category: Business)
- Global stocks retreat after Swiss move; euro jumps (Category: Business)
- Global stocks, euro fall before U.S. jobs data (Category: Business)
Reuters: The head of Europe’s bailout fund said on Friday he does not expect to reach a conclusive deal with Chinese leaders during a visit to Beijing but expects the surplus-rich country to continue buying bonds issued by the fund. Klaus Regling, chief executive of the European Financial Stability Facility (EFSF), said the bailout deal ...
- China ‘does not want to buy up Europe’: Communist party mouthpiece (Category: Business)
- China to keep investing in euro zone debt – China c.bank gov. (Category: Business)
- Euro zone recession may have already started: PMIs (Category: Business)
- China urges EU to reach debt deal without delay (Category: Business)
Reuters: Euro zone leaders struck a deal with private banks and insurers on Thursday for them to accept a 50 percent loss on their Greek government bonds under a plan to lower Greece’s debt burden and try to contain the two-year-old euro zone crisis. The agreement was reached after more than eight hours of hard-nosed ...
- EU leaders to agree on permanent bailout fund (Category: Business)
- Euro zone seals second Greek bailout worth 130 b euros (Category: Business)
- Greek troika sees second bailout up to 145 b euros (Category: Business)
- German FM: Greece needs sustainable debt by 2020 (Category: Business)
Qatar’s economic growth is expected to drop sharply to 5.1 percent in 2012, down from a projected 15 percent for this year due to receding hydrocarbon expansion, the Gulf state’s development planning authority GSDP said on Tuesday. “The GSDP foresees a sea change in the economy’s dynamics in 2012,” the General Secretariat for Development Planning ...
- Qatar sees 2013 econ growth as slowest in decade (Category: Business)
- Qatari boost for sri lanka (Category: Business)
- Qatar to invest $20bn in tourism till 2022 (Category: Business)
Sri Lanka Economic Association Conference – Key takes at the inauguration By Dinali Goonewardene The Government in addition to domestic constraints faces a series of external and global constraints and the Sri Lanka Economic Association at its annual sessions from 13-14 October 2011 discussed this under the theme ‘Achieving National Economic Goals Amidst Global Challenges’. ...
- Lion leads frontier markets (Category: Business)
- Raising the bar: The rise of the Sri Lankan economy (Category: Business)
- A resolute Sri Lankan economy (Category: Business)
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