REUTERS: The Obama administration’s man in charge of squeezing Tehran over its nuclear program is unapologetic for the difficulties faced by banks in their dealings with Iran since the US tightened sanctions against the country. Companies that trade with Iran are struggling to get paid and the biggest Asian countries are scrambling to work around ...

IFC, a member of the World Bank Group, has hosted a trade finance training program for Sri Lankan bankers, part of an effort to help local entrepreneurs tap into the global marketplace. The training, held in March, explored the potential of trade finance, which helps businesses connect

Many books and articles have been written about management styles, team building and motivation and whatever comes with being a good manager. Unfortunately, too many people think they are good managers when in reality they aren’t. Just reading a book or an article does not make one a good manager. Even worse, just years of ...

Today is 19 March 2012. The day and the month of March are significant in the lives of many people – some celebrating birthdays, some wedding anniversaries, while others nurse what is yet left over from the hangover of the three day drawn encounter that we experienced a week ago or the limited over Royal ...

The responsibilities of a manger are the obligation to accomplish the goals related to the position and the organisation. Managers, no matter what level of the organisation, typically have the same basic responsibilities when it comes to managing the work force: Direct employees toward objectives, oversee the work effort of employees, deal with immediate problems, ...

Country records second successive year of over 20% growth in exports; 2011 full year value tops $ 10 b; when ICT exports included total figure to rise to $ 11 bConfirming resilience and an   improved competitive mindset amidst global and local difficulties, Sri Lanka’s exports sector has concluded its second year of over 20% growth. ...

SINGAPORE (Reuters): Asian stocks rose more than 1 percent and U.S. index futures also gained on Friday, as signs of a strengthening economy in the United States encouraged a year-end bounce for riskier assets. European shares were also expected to open higher, helped by a 0.5 percent rise in S&P 500 index futures that pointed ...

Standard Chartered Bank will be the main sponsor of the Colombo Art Biennale’s “Becoming” exhibition, to be held from 15 to 19 February 2012 at Park Street Mews. Standard Chartered has a reputation for being committed to the enduring development of the communities in which they operate and has been known to sponsor a wide ...

By Cassandra Mascarenhas The Sri Lanka Institute of Directors (SLID), as part of its ‘Power Evening’ series of events, presented an eclectic combination of chairmen from leading organisations in the country last week and at the occasion delved into the subject ‘Performing While Conforming – What the Textbooks Don’t Teach You’ by sharing experiences from ...

NEW YORK (Reuters): Broker-dealers are taking very different approaches to a new rule that requires them to scrutinize customers’ credit positions and block reckless orders before trades are executed, setting off finger-pointing and new challenges for regulators. Some firms are accusing rivals of casually interpreting a Securities and Exchange Commission rule that bans giving clients ...

In collaboration with the Wijeya Newspapers Ltd., The Women’s Chamber of Industry and  Commerce (WCIC) organised  a seminar  titled ‘Global Workplace in 2015’ at Hotel Ceylon Continental  recently with the objective of  educating  and creating awareness on how to respond to the challenges in the workplace.  The seminar was targeted at imparting ...

Reuters: China warned Washington it is “adamantly opposed” to a proposed U.S. bill aimed at forcing Beijing to let its currency rise, saying its passage could lead to a trade war between the world’s top two economies. In a coordinated response, the Chinese central bank and the ministries of commerce and foreign affairs accused Washington ...