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Reuters: Citigroup Inc agreed to pay $590 million to settle a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets, one of the largest settlements stemming from the global financial crisis. The agreement resolves claims that shareholders ended up with massive losses after the bank failed to take timely ...
- Citi to pay CPC $ 2.5m as legal fees (Category: Business)
- Citigroup to cut jobs, total could top 3,000 (Category: Business)
- NYC mayor’s race fundraising stats show Ray McGuire awash in cash (Category: USA, New York)
- NYC mayor’s race fundraising stats show Ray McGuire awash in cash (Category: USA, New York)
Human rights Human rights are on the top of agenda today. Nations accuse each other of violations of human rights of themselves and others. Rights are generally violated during conflicts and wars as the strength of the weapon supersedes peace over and stability and rule of law. There is no shortage of conflicts in most ...
- Make preparations count (Category: Business)
- Govt. readies for next UN session with national plan for human rights (Category: Business)
- Govt. appoints ministerial committee on human rights ahead of UNHCR sessions (Category: Business)
Reuters: The U.S. economy fared slightly better than initially thought in the second quarter, but the pace of growth remained too slow to shut the door on further monetary easing from the Federal Reserve. Gross domestic product expanded at a 1.7% annual rate, the Commerce Department said on Wednesday, as stronger export growth offset a ...
- Cautious consumers, foreign trade curb second quarter growth (Category: Business)
- U.S. jobless rate drops to 2-1/2 year low (Category: Business)
- Malaysia’s GDP jumps in Q2 on strong consumption, investment (Category: Business)
- US growth easing after strong 4th quarter: Fed Chief Bernanke (Category: Business)
President Mahinda Rajapaksa left for Tehran yesterday to attend the 16th Summit of Heads of State or Governments of the Non-Aligned Movement (NAM). The President is scheduled to address the Non-Aligned Movement Summit on 30 August and hold several bilateral meetings with leaders of various countries on the sideline of the summit during the course ...
- President urges NAM member states to materialize agreements (Category: Breaking News)
- President Rajapaksa urges NAM member states to materialize agreements (Category: Breaking News)
- Iran invites Sri Lankan President to attend NAM summit (Category: Breaking News)
- Mahinda heading with 50 people to Iran (Category: Breaking News)
WASHINGTON, (Reuters): Singapore’s economy is set to weaken this year on the back of weaker global demand and related international financial and trade strains emanating from the euro zone debt crisis, the International Monetary Fund said on Monday. “Under the benign global baseline scenario, growth is forecast to soften this year to just below 3 ...
- Sri Lanka, the fastest growing Asian economy after China (Category: Breaking News)
- Sri Lanka: Shanmugaratnam in short list of possible IMF successors (Category: Breaking News)
- StanChart eyes $ 3 b Singapore revenue in three years (Category: Business)
- Singapore set for five-year F1 contract extension (Category: Business)
Policymakers and governments should not see environmental taxation as a cure-all, says the Association of Chartered Certified Accountants (ACCA) in a policy paper called ‘Green Taxation in a Recession’. Due to the ongoing global recession and economic uncertainty, governments are looking to environmental taxation as a possible way to bolster tax revenues. ACCA says that ...
- ACCA holds annual general meeting (Category: Business)
- Optimism in Middle East businesses ‘rising’ (Category: Business)
- ACCA for a career that enhances the future (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)
Reuters: The euro edged down and European stocks opened lower on Tuesday as the weak economic outlook and uncertainty over the European Central Bank’s plans to contain the region’s debt crisis combined to put investors in a cautious mood. Markets were also waiting for the outcome of a gathering of central bankers and economists in ...
- Market Jitters (Category: Business)
- Currency Moves (Category: Business)
- Pain Ahead (Category: Business)
- Euro Jitters (Category: Business)
The Sri Lanka Institute of Marketing (SLIM) together with the Bucks University featured the 2012 award winners from Singapore of global business associations and chief marketing officers under the theme ‘Is The Party Over?’ at Galadari Hotel, where a select audience of 200 business and marketers attended the event. Some of the key points discussed ...
- Honoured for driving marketing in Sri Lanka (Category: Business)
- New tea industry model: By default? (Category: Business)
- Focus on the magic than logic (Category: Business)
- Sri Lanka can be a top 30 country by 2015 (Category: Business)
Corporate boards must take long-term steps to manage risk, restore investor confidence CFA Institute report offers ‘checklist’ for visionary boards The string of recent news concerning global companies such as Barclays, JPMorgan Chase, Olympus, Sino-Forest, and Duke Energy, underscores the immediate need to change the corporate culture perpetuated by some corporate boards. One wa...
- Defining an effective and efficient board (Category: Business)
- Corporate governance and its importance (Category: Business)
- Focus on high dividend stocks advices DNH Financial (Category: Business)
- Business-to-business selling (Category: Business)
Braille ballot papers in Australia News from Australia confirms that not everyone will cast votes the traditional way on 8 September. Those who are blind or with low vision can now register for Braille ballot papers for local government elections. Returned papers will be transcribed and added to the rest. This facility will be extended, ...
- America’s decline: Myth or reality? (Category: Business)
- Notice of the Postponing the Issue of Postal BaIIot Papers (Category: Breaking News)
- UPFA Nominations Rejected In 16 LG Bodies In Jaffna (Category: Breaking News)
- Proxy Candidates Steal The Show (Category: Breaking News)
AFP (FRANKFURT): Dutch food and cosmetics giant Unilever expects poverty to rise in Europe as a result of the eurozone crisis and is therefore rethinking its marketing, according to a newspaper report Monday. “Poverty is returning to Europe,” the Head of Unilever’s European business Jan Zijderveld told the Financial Times Deutschland in an interview. “If ...
- Price Control (Category: Business)
- Difficult Conditions (Category: Business)
- Fresh Brew (Category: Business)
- Unilever Sri Lanka makes generous donation for 'Api Wenuwen Api' project (Category: Breaking News)
HURLING Sri Lanka’s education system into further chaos, the teacher trade union has called for the Grade 5 Scholarship exam to be held again under allegations that the exam papers have leaked out. As the crisis in the education system continues to deepen to reach the tots of Grade 5, there is a need to ...
- Bid launched to revive TAFE (Category: Australia, Tasmania )
- Ranil W wants Right to Education (Category: Breaking News)
- University lecturers fooled by the Govt: FUTA (Category: Breaking News)
- JVP Challenges SB For Open Debate (Category: Breaking News)
Reuters: Gold rose to the loftiest level since mid-April on Monday, extending strong gains from last week as expectations for further monetary easing from the US Federal Reserve kept sentiment buoyant. The Fed had room to deliver additional monetary stimulus to stoke economic growth, said the central bank’s chief Ben Bernanke, boosting anticipation for easier ...
- Live: Titans v Bulldogs (Category: Australia, Queensland)
- Life-long hangover (Category: Australia, Queensland)
- Schoolies make their mark (Category: Australia, Queensland)
- Gold to drop in Q1, far from retesting record high: Reuters poll (Category: Business)
A historic battle took place in the Kande Uda Rata Rajadhaniya, in the course of one of the many invasions by the Western colonial powers who once occupied what was known as the Maritime Provinces of Lanka, at the site of the ford at Wagolla village, a crossing point of the Mahaweli river on one ...
- The Kandy vs. Navy rivalry to reach tipping point today (Category: Business)
- Vintage cars beauties to behold (Category: Business)
- Clifford cup stays in Kandy (Category: Business)
Given first half performance, believes several 2012 Roadmap targets will be missed UNP MP and its chief spokesman on the economy Dr. Harsha de Silva yesterday claimed that most of the Central Bank’s 2012 Roadmap targets were likely to be missed, based on below par performance on the external trade front during the first half. ...
- Harsha renews call for swift action against NSB-TFC deal makers (Category: Business)
- Readying for a fight? (Category: Business)
- Central Bank emphatic dollars are coming (Category: Business)
- Imports swell, exports lose steam (Category: Business)
REUTERS: US astronaut Neil Armstrong, who took a giant leap for mankind when he became the first person to walk on the moon, has died at the age of 82, his family said on Saturday. Armstrong died following complications from heart-bypass surgery he underwent earlier this month, the family said in a statement, just two ...
- Neil Armstrong, the first man to walk on the moon, dies aged 82. (Category: Breaking News)
- US astronaut Neil Armstrong dies (Category: Technology)
- VIDEO: Memorial for first man on Moon (Category: Technology)
- China puts its first woman astronaut into orbit (Category: Business)
Steps taken by the Government to build peace, national development and reconciliation among people were praiseworthy said Japan’s Special Envoy Yasushi Akashi. Japanese Special Envoy Yasushi Akashi met President Mahinda Rajapaksa last Saturday morning at the Temple Trees – Pic by Sudath Silva He made this observation at a meeting with President Mahinda Rajapaksa at ...
- Special envoy assures Japan's commitment to Sri Lanka's development (Category: Breaking News)
- Akashi to Arrive for Expressway Opening (Category: Breaking News)
- Yasushi Akashi will arrive in Sri Lanka (Category: Breaking News)
- Japan Extends Fullest Support (Category: Breaking News)
By Shanuka Tissera Leading bankers were given the opportunity to discuss the method of approvals of OPIC funding and political risk insurance, facilitated by the International Executive Service Corps (IESC) and the American Chamber of Commerce Sri Lanka (AMCHAM) for US equity sponsored projects. The keynote address was delivered by the Governor of the Central ...
- Lion leads frontier markets (Category: Business)
- Commercial Leasing and Finance maintains impressive growth in profits (Category: Business)
- AmCham to promote fixed rate, low cost financing from USA (Category: Business)
- AmCham partners with ISEL to bring in US investment to Sri Lanka (Category: Business)
Reuters: Tanzania has suspended the head of its ports authority and six other senior port officials over allegations of cargo theft and embezzlement of public funds, the transport ministry and local media said on Friday. The government is struggling to crack down on corruption in ministries and state institutions, with the public losing patience at ...
- Allegations do not affect SLPL integrity – Organisers (Category: Business)
- Bin Hammam’s life ban overturned by CAS (Category: Business)
- Yemen’s Aden Port to cancel DP World deal (Category: Business)
- Five IPL cricketers suspended on corruption allegations (Category: Business)
SANAA (Reuters): The port authority in the Yemeni city of Aden has begun contacts with Dubai government-owned port operator DP World on cancelling a contract to manage Aden port, a senior Yemeni Transport Ministry official said on Sunday. “The board of Gulf of Aden Ports Corp decided to cancel the agreement with DP World. There ...
- DP World sells Yemen port venture stake (Category: Business)
- DP World’s Aden terminal handles its biggest-ever ship (Category: Business)
- Port Profits (Category: Business)
- DP World restructures Belgian ops with $ 61 m sale (Category: Business)
Reuters: Norwegian mass killer Anders Behring Breivik was jailed for a maximum term on Friday when judges declared him sane enough to answer for the murder of 77 people last year, drawing a smirk of triumph from the self-styled warrior against Islam. An unrepentant Breivik, 33, gave the Oslo court a stiff-armed, clenched-fist salute before ...
- Norway killer on trial: “I would have done it again” (Category: Business)
- Court finds Norwegian mass killer Breivik sane (Category: Business)
- Norway court finds Anders Behring Breivik sane (Category: Breaking News)
- Norway killer Breivik refuses to recognise court (Category: Business)
Leaders of Sri Lanka and Maldives agree to extend and strengthen bilateral cooperation on a wide range of issues when they met for discussions on Thursday. President of Maldives Dr. Mohamed Waheed Hassan Manik accompanied by First Lady Ilham Hussain arrived in Sri Lanka on Thursday on a two-day official visit. His Sri Lankan counterpart ...
- Sri Lanka, Maldives agree to expand bilateral co-operation (Category: Breaking News)
- Maldives President to visit Sri Lanka (Category: Business)
- PRESIDENT RECEIVES A WARM WELCOME IN THEMALDIVES (Category: Breaking News)
- Hands Off Maldives Says Sri Lanka (Category: Breaking News)
Parliamentary select committee is the best way to find a political solution to the national problem of Sri Lanka. Such a committee will represent by the Government and opposition parties with the people’s mandate and recommendation of such a committee will be acceptable to all communities in Sri Lanka. The TNA insists that the Government ...
- Until the TNA names its representative to the PSC future talks with the TNA cannot take place: ... (Category: Breaking News)
- Govt. - TNA talks at standstill (Category: Breaking News)
- Sri Lanka Tamil party to name members for PSC after reaching an agreement with government (Category: Breaking News)
- TNA insists on talks (Category: Breaking News)
An exhibition curated by Sanjana Hattotuwa Can art engage those otherwise uninterested in vital social and political issues by creatively depicting hard data and theory? How would power-sharing look through an architect’s eyes? How would a graphic designer see youth unemployment? How would a DJ and visual artist see Sinhala and Tamil perceptions on ...
- Skzin and Bones: The darker side of art and design (Category: Business)
- Eloquent expressions (Category: Business)
- Alternative Sundays - Rock ‘N Roll, metal and dubstep… hello deviant times! (Category: Business)
Good governance activist and former Ceylon Chamber of Commerce Chairman Chandra Jayaratne has called for an Ethics Guide for Public Service. This suggestion has been shared with several professional organisations such as the Organisation of Professional Associations, Sri Lanka Economic Association, the Institute of Chartered Accountants of Sri Lanka, Ceylon Chamber of Commerce, and Bankers ...
- COPE: Exposure and beyond (Category: Business)
- A Budget for all! (Category: Business)
- Sri Lanka’s growth world’s fourth best! (Category: Business)
- SEC succumbs! (Category: Business)
Reuters: Egypt’s President Mohamed Mursi on Thursday used the legislative powers he wrested back from the army this month to pass a law banning the pre-trial detention of journalists, a move that may deflect criticism of his handling of the media. The announcement by the newly elected Islamist president came hours after a court ordered ...
- Ore. father accused of trying to give away the kids (Category: USA, Washington)
- Jana Aragalaya now ‘Frontline Socialist Party’ (Category: Breaking News)
- Bayliss feels for Marsh as Dilshan quits (Category: Business)
- Heshan comes second in heats but fails to qualify for next round (Category: Business)
Reuters: A Norwegian court found Anders Behring Breivik sane on Friday and gave him a maximum jail term for murdering 77 people in a shooting and bombing last year, offering closure to a Nordic nation devastated by its worst attack since World War Two. Breivik, who has admitted blowing up the Oslo government headquarters with ...
- Norway jails “sane” Breivik for 21 years for killing 77 (Category: Business)
- Norway court finds Anders Behring Breivik sane (Category: Breaking News)
- Norway killer on trial: “I would have done it again” (Category: Business)
- Norway mass killer bent on turning trial into “circus” (Category: Business)
Reuters: Asian shares retreated from a two-week high on Friday as investors scaled back their expectations of strong stimulus from the US Federal Reserve and fretted about economic growth after manufacturing surveys from the euro zone and China depicted a bleak outlook. Senior Fed official James Bullard said US data had been somewhat better since ...
- Asian markets cheered by Fed rate outlook (Category: Business)
- Asian shares up after Fed minutes, China weighs (Category: Business)
- Asian shares extend gains on stimulus hopes, euro capped (Category: Business)
- Stocks firm, dollar languishes after QE3 stimulus (Category: Business)
Keheliya says Finance Ministry could probe SEC Chief’s claims; Harsha wants action By Uditha Jayasinghe In the wake of Securities and Exchange Commission Chairman Tilak Karunaratne resigning, the Government yesterday said that it would consider the possibility of introducing legislation to curb white collar crimes. Responding to questions at the weekly Cabinet briefing, Media Minister ...
- Harsha says political capture of SEC not the answer to ills of CSE (Category: Business)
- Summon SEC, CSE officials, Ravi K writes to COPE (Category: Business)
- The Changing role of the Finance and Accountancy function (Category: Business)
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