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Sri Lanka’s state run Ceylon Petroleum Corporation is facing a financial crisis owing to selling fuel items below the import cost, says a top official. The Secretary to the Ministry of Petroleum and Petroleum Resources Development Sandhya Wijayabandara told News360.lk that this situation
- Sri Lanka raises fuel prices (Category: Breaking News)
- No More Cheap Fuel For CEB (Category: Breaking News)
- Mystery behind sudden valuation of the CPC (Category: Breaking News)
- When corruption flows through fuel pumps (Category: Breaking News)
LONDON (Reuters): European stocks were flat on Friday, losing early steam ahead of mid-day U.S. employment data but the euro clung to gains from a two-cent rally after euro zone policymakers moved to shore up struggling banks to fend off a financial crisis. Aggressive liquidity measures unveiled
- Market Jitters (Category: Business)
- Regulator warns banking union could split Europe (Category: Business)
- European stocks rise ahead of ECB meeting (Category: Business)
- Global stocks retreat after Swiss move; euro jumps (Category: Business)
I like to be an optimist. No matter what may happen around us, I would like to retain feelings of hope I have for all human-kind and on a more intimate level for you, for me, the newborn and the to-be-born. Yet, what has already happened around me, happening now and may happen in the ...
- IMF MD calls for anchoring stability to sustain higher and better growth (Category: Business)
- Asia sees red over ‘green economy’ (Category: Business)
- Achieving economic goals amidst global challenges (Category: Business)
Financial stability risks have risen sharply in recent months, as slower economic growth, market turbulence in Europe, and the credit downgrade of the United States have weighed on the global financial system, according to new analysis by the IMF. Financial markets have begun to question the ability of policymakers to command broad political support for ...
- Financial stability risks have increased substantially (Category: Business)
- IMF marks down global growth forecast, sees risk on rise (Category: Business)
- Credit boom stokes risks in emerging markets – BIS (Category: Business)
- Global economic outlook slowly improving but remains fragile (Category: Business)
The International Air Transport Association (IATA) last week announced traffic results for July which showed that passenger travel was up 5.9% over July 2010. Freight markets were stagnating with a 0.4% demand decline over previous year levels. “Passenger travel bucked the gloomy economic outlook with a 5.9% increase in July. This increase was likely based ...
- Global aviation’s growth slows again in July: IATA (Category: Business)
- 2011 ends on positive note for global aviation (Category: Business)
- Divergent trends as Sept. passenger traffic rises freight declines — IATA (Category: Business)
- Global aviation demand growth slows, says IATA (Category: Business)
GENEVA (Reuters): A revival in global air travel may be about to slow sharply as economic headwinds discourage premium travel, industry body IATA said last week. Its data for June showed a slight dip in premium and economy travel growth rates from May, although the number of passengers in both classes was higher than in ...
- More business travellers flying economy, IATA says (Category: Business)
- Asia dominates Asia/Pacific tourism boom (Category: Breaking News)
- Ceylinco Life’s Life Fund grows to Rs. 41.7 b in 1H 2012 (Category: Business)
- Audi July unit sales up 16%, driven by China (Category: Business)
Reuters) – If history is any guide, another oil-induced recession may be just around the corner, at least for the United States and some of the other developed economies. Every time that the cost of oil relative to global economic output has hit current levels — and that’s even after sharp falls in spot prices ...
- Asia’s economic growth slipping into neutral (Category: Business)
- Asian stocks up on Europe optimism, credit (Category: Business)
- US growth easing after strong 4th quarter: Fed Chief Bernanke (Category: Business)
- Morgan Stanley says prefers gold, silver in 2012 as economy slows (Category: Business)
As Bank of America Corp.’s stock has tumbled and clawed back in recent days, city leaders, business owners and others with a stake in the company are waiting to see what happens next.The stock market swings have delivered a familiar feeling of anxiety to a city pummeled by the financial
By Abdul H. Azeez Hedging deals are double edged, and even though they reduce risk, they do not completely eliminate it. If hedging deals are entered into without proper foresight, they can cut down and amputate like a sweeping butcher’s knife. Sri Lanka, in its rush to rid itself of the burden of high fuel ...
- CBSL Ties Itself In Knots (Category: Breaking News)
- $ 200 m axe hangs on CPC (Category: Business)
- CPC Loses Appeal In London: Must Pay US$ 162 Million + (Category: Breaking News)
- CPC synonymous with corruption (Category: Business)
Most U.S. homeowners should get some relief on their heating bills this winter. The price of natural gas, the fuel that supplies 70 percent of the nation’s heat, is relatively low for the second year in a row, and falling. Also, forecasters predict a warmer winter across much of the country – especially in the Southeast, which suffered through a historically cold winter last year. Bu...
- With winter at hand, the virus whips up winds of uncertainty (Category: USA, Iowa)
- With winter at hand, the virus whips up winds of uncertainty (Category: USA, Iowa)
- With winter at hand, the virus whips up winds of uncertainty (Category: USA, Iowa)
- With winter at hand, the virus whips up winds of uncertainty (Category: USA, Iowa)
By K. Ratnayake Sri Lankan President Mahinda Rajapakse’s trip to New York and speech at the UN General Assembly last week had two main purposes: to cover up for war crimes committed during the country’s civil war and to appeal...
- Sri Lanka calls for anti-UN report rally (Category: Breaking News)
- Probe Pressure (Category: Business)
- Parallel world’s short circuit in Oxford (Category: Breaking News)
- Tamil Aussie community criticises govt. decision (Category: Breaking News)
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