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Reuters: Asian shares crept up on Monday with expectations rising that weak U.S. jobs data would prompt the Federal Reserve to announce fresh stimulus and Europe will make further progress in its debt crisis management this week, overshadowing soft Chinese data. Trade data released on Monday showed China’s exports in August grew slightly less than ...
- Euro hits decade low vs yen, remains vulnerable (Category: Business)
- Dollar softer, but euro fails get a boost (Category: Business)
- Asia shares, euro consolidate from lows (Category: Business)
- World stocks, euro rise on hopes Greece ditches referendum (Category: Business)
24th August 2012 Dr. P. B. Jayasundera, Secretary to the Treasury, Ministry of Finance & Planning The Secretariat, Colombo 1. Dear Dr. Jayasundera, Establishment of a Financial Services Authority and a Banking and Finance Commission I suggest for your consideration that you duly evaluate the long-term national economic benefits of enhancing effective fiscal management capability ...
- Promoting productive social protection (Category: Business)
- MBSL seminar on ‘Implications of the new Finance Business Act’ on 19 September (Category: Business)
- The loud voice of economists: Reform or perish (Category: Business)
- Taming the ‘monsters’ (Category: Business)
By Chamitha Kuruppu The Janatha Vimukthi Peramuna (JVP) on Wednesday stated that the time has come for the public to “stand against the irresponsible decisions and unwise acts of the Finance Minister and the Central Bank Governor that leads this country into an economic downfall.” President Mahinda Rajapakse as the Minister of Finance and Central ...
- UNP raises alarm over NSB investment in The Finance (Category: Business)
- JVP breathes fire against 2018 Commonwealth Games bid (Category: Business)
- Illegal money changers in crisis as more transactions move into mainstream (Category: Business)
- Harsha renews call for swift action against NSB-TFC deal makers (Category: Business)
Reuters: China’s economy is set for a soft landing even as global headwinds increase, the International Monetary Fund said in a report on Wednesday that urged further reform and currency appreciation to rebalance growth and reduce risks. The report said economic reforms
- World economy fragile, faces “uneasy calm” – IMF (Category: Business)
- Slowing China aids global economic rebalancing (Category: Business)
- Turning point in the currency war (Category: Business)
- ‘China yuan could challenge dollar role in a decade’ (Category: Business)
Reuters: China, Europe and Britain loosened monetary policy in the space of less than an hour on Thursday, signalling a growing level of alarm about the world economy, although suggestions of coordinated action were played down. Of the three, the surprise move was from Beijing which lowered its lending rate by 31 basis points to ...
- US economy mending, oil prices a challenge: Geithner (Category: Business)
- Asia’s economic growth slipping into neutral (Category: Business)
- Happy CB keeps policy rates unchanged (Category: Business)
- Global factories struggle as growth fears rise (Category: Business)
Reuters: The International Monetary Fund’s bid to win a big boost in funding to handle the euro-zone debt crisis hit a speed bump on Thursday when Brazil demanded more power at the IMF for emerging economies as a condition for lending it extra cash. Brazilian Finance Minister Guido Mantega
- Global economy’s ‘timid’ recovery faces high risks: Lagarde (Category: Business)
- IMF Chief Lagarde emphasises Asia, China role in global recovery (Category: Business)
- Lagarde eyes $400 b rise in IMF funds this week; Japan pledges $ 60 b (Category: Business)
- Sri Lanka to offer winter tourism refuge from Powell-Lagarde bubble (Category: Breaking News)
Reuter: The International Monetary Fund said on Wednesday it had raised $320 billion so far in a bid to boost its firepower to deal with the euro zone debt crisis, with Poland and Switzerland joining the effort. IMF Managing Director Christine Lagarde said she had received commitments of $34
- ‘Japan, china to ‘consult closely’ on support for IMF’ (Category: Business)
- G20 to Europe: show us the money (Category: Business)
- G20 pushes for extra steps from Europe on crisis (Category: Business)
- IMF seeks more funds; G20 to discuss (Category: Business)
REUTERS: Global growth is slowly improving as the US recovery gains traction and dangers from Europe recede, but risks remain high and the situation is very fragile, the International Monetary Fund said on Tuesday. Another flare-up of the eurozone sovereign debt crisis or sharp escalation in oil
- IMF sees risks to global growth, calls for collective action (Category: Business)
- Global economic outlook slowly improving but remains fragile (Category: Business)
- IMF marks down global growth forecast, sees risk on rise (Category: Business)
- IMF MD calls for anchoring stability to sustain higher and better growth (Category: Business)
The Janatha Vimukthi Peramuna (JVP) spokesman and parliamentarian Anura Kumara Dissanayaka in an interview with the Daily FT critiques the on-going sessions of the UN Human Rights Council (UNHRC), the state of bad governance, deteriorating law and order and the economic crisis in the country. Following are excerpts from the interview. Q; What are your ...
- Dispelling misinformation and myths regarding the UNHRC resolution and its impact on Sri Lanka (Category: Breaking News)
- Use conciliatory diplomacy to deal with US-sponsored resolution (Category: Breaking News)
- Can Sri Lanka’s government implement the LLRC recommendations? (Category: Breaking News)
- SL attends UNHRC sessions with impressive post-conflict records: Former AG (Category: Business)
Reuters: A planned referendum in Ireland and a German court ruling cast new uncertainty on Tuesday over efforts to overcome the euro zone’s debt crisis, just when a flood of central bank money appeared to be calming financial markets. Ireland’s prickly electorate, which has twice voted “No” to European Union treaties before reversing itself, will ...
- EU leaders to agree on permanent bailout fund (Category: Business)
- Euro zone crisis heads for September crunch (Category: Business)
- German FM: Greece needs sustainable debt by 2020 (Category: Business)
- Stocks, euro fall on caution about Europe crisis moves (Category: Business)
LONDON (Reuters): Consumer confidence jumped in the United States at the end of last year but deteriorated in struggling euro zone countries as policymakers failed to get control over the region’s debt crisis, a survey showed last week. Global consumer confidence rose slightly from the third quarter, according to the Nielsen Global Consumer Confidence Index, ...
- Asian consumers less confident, but still spending: Nielsen (Category: Business)
- Lenovo confident of closing PC market gap with HP (Category: Business)
- HP to lay off about 27,000, profit slides 31% (Category: Business)
TOKYO: Asian shares and the euro fell on Thursday, sharply reversing the previous day’s rally as optimism was dashed by another delay in cementing a crucial bailout for stricken Greece, underscoring how far away Europe is from resolving its debt crisis. After a three-hour teleconference between euro zone finance ministers, questions remain over the euro ...
- Euro Zone (Category: Business)
- Post Bailout (Category: Business)
- Relief as pro-bailout parties win Greek poll (Category: Business)
- Brent crude rises above $107; Greece, Iran eyed (Category: Business)
Reuters: If the World Bank is correct, 2012 will see the second slowest year of global economic growth in a decade, at a level consistent with a world recession that, like the 2008/2009 financial crisis, would not spare Asia. Its sister organisation, the International Monetary Fund, warns
- HSBC Asia Pacific reports $ 13.3 b pre-tax profit in 2011 (Category: Business)
- Global wealth to grow 50% to $345 trillion in 5 years: Credit Suisse (Category: Business)
- WB South Asia Chief Economist to address Sri Lanka Economic Summit 2012 (Category: Business)
- Values vs. wealth (Category: Business)
Monetary Fund have been exasperated by a string of ...
- Greeks seek better terms after Spanish rescue (Category: Business)
- German FM: Greece needs sustainable debt by 2020 (Category: Business)
- Europe bailout fund chief sees no quick China deal (Category: Business)
- Greek cabinet backs extra austerity measures (Category: Business)
BUDAPEST (Reuters): More than 100,000 people rallied on Saturday in a show of support for the embattled Hungarian government, as it prepares to compromise in a bitter row with the European Union to secure a vital loan. Labelled a “March of Peace” the demonstration was by far the largest rally since the government took power ...
- Maldives elections will not be in ‘foreseeable future’ (Category: Business)
- Obama widens lead over Romney despite jobs data (Category: Business)
- Italy’s Monti defends reform as opposition grows (Category: Business)
- Government happy with plantation, more support projects on the way (Category: Business)
MEXICO CITY (Reuters): Group of 20 nations agreed to push Europe to take extra steps to resolve the debt crisis on Friday as they inch toward a deal to boost the International Monetary Fund’s firepower. Mexico Deputy Finance Minister Gerardo Rodriguez said talks between G20 officials
- IMF seeks more funds; G20 to discuss (Category: Business)
- G20 moves to line up huge rescue deal for April (Category: Business)
- G20 to Europe: show us the money (Category: Business)
- China rounds off push for bigger IMF war chest (Category: Business)
Reuters: The International Monetary Fund is seeking to more than double its war chest by raising $600 billion in new resources to help countries deal with the fallout of the euro zone debt crisis, but the United States and other countries are throwing up roadblocks. The United States and Canada
- China’s Wen: May consider bigger role in EU rescue funds (Category: Business)
- China to keep investing in euro zone debt – China c.bank gov. (Category: Business)
- BRICS demand bigger IMF role before giving it cash (Category: Business)
- ‘Japan, china to ‘consult closely’ on support for IMF’ (Category: Business)
Reuters: Greece goes head to head with its creditors on Wednesday in a renewed attempt to break a deadlock in negotiations to slash the country’s debt and stave off default. International private sector creditors represented by the Institute of International Finance IIF.L were set to meet the government in the afternoon. Talks broke down on ...
- Greek cabinet backs extra austerity measures (Category: Business)
- Greece claims success after strong bond swap takeup (Category: Business)
- Greek troika sees second bailout up to 145 b euros (Category: Business)
- German FM: Greece needs sustainable debt by 2020 (Category: Business)
International Consultants Chairman Ranjiv Goonawardena had kindly invited the Sri Lanka Tourism Promotion Bureau to participate by showcasing the great opportunity that Sri Lanka has to offer, at the Islamic Real Estate Finance (IREF) Summit and Gala Dinner Awards Ceremony of which it was a sponsor. International Consultants sponsored for the second year the ninth ...
- EFC launches new guide to investors (Category: Business)
- Commercial Bank adjudged ‘Best Bank in Sri Lanka’ for record 14th year (Category: Business)
- CSE holds Investor Forum in Malaysia (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: 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)
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)
BEIJING (Reuters): China urged the European Union on Monday to deal with its debt crisis as soon as possible and prevent contagion from spreading, as the country’s number four-ranked leader arrived for a visit of the continent, including Greece. “We hope that the EU countries concerned will reach a comprehensive settlement plan as soon as ...
- China to keep investing in euro zone debt – China c.bank gov. (Category: Business)
- Euro zone recession may have already started: PMIs (Category: Business)
- Global leaders urge swift action to resolve Europe crisis (Category: Business)
- China ‘does not want to buy up Europe’: Communist party mouthpiece (Category: Business)
BERLIN (Reuters): The leaders of Germany and France promised on Sunday to unveil a new comprehensive package for solving the euro zone’s debt crisis by the end of the month, but offered no details and papered over differences on how to shore up European banks. German Chancellor Angela Merkel and French President Nicolas Sarkozy said ...
- European banks need $ 135 b, says Ireland (Category: Business)
- S&P piles pressure on Franco-German budget plan (Category: Business)
- Sarkozy, Merkel agree to stop sniping on ECB crisis role (Category: Business)
- Crisis in Italy spurs fears of euro zone break-up (Category: Business)
SAINT JOHN (Reuters): Canadian economic growth will resume this year and the European debt crisis is “fixable” with existing resources, Bank of Canada Governor Mark Carney said. In an apparent bid to counter growing fears of another recession in Canada, Carney also said he does not expect a U.S. recession, although the risk of one ...
- Carney keeps rate steady at 1% (Category: Canada, Ontario)
- Carney keeps rate at 1% (Category: Canada, Ontario)
- Carney keeps rate at 1% (Category: Canada, Ontario)
- Bank of Canada's Carney to address CAW (Category: Canada, Ontario)
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