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New Airbus A350 on track for 2014: EADS chief
SYDNEY, October 14, 2013 (AFP) – The head of European aerospace giant EADS Monday said its aircraft unit Airbus is on track to deliver the first A350 XWB by the end of next year. The wide-bodied aircraft is the latest passenger jet from Airbus as the Toulouse-based manufacturer ramps up production in a bid to […]
US trio win Nobel Economics Prize for asset price work
STOCKHOLM, October 14, 2013 (AFP) – US trio Robert Shiller, Eugene Fama and Lars Peter Hansen won the Nobel Economics Prize on Monday for groundbreaking work on spotting trends in markets, the jury said. It was established in 1968 by the Swedish central bank to celebrate its tricentenary, and first awarded in 1969.The other prizes […]
Killer cyclone wreaks havoc along Indian coast
BHUBANESWAR, October 12, 2013 (AFP) – A cyclone left a trail of death and destruction Sunday after winds packing speeds of up to 200 kilometres an hour ripped through a vast swathe of India’s impoverished east coast.As emergency teams began assessing the damage from the country’s worst cyclone in 14 years, a massive relief effort […]
ICC launches world championship to preserve Cricket Tests
ABU DHABI, October 12, 2013 (AFP) – Cricket’s governing body launched the World Test Championship 2017 on Saturday aimed at preserving the primacy of the longer format of the game.The International Cricket Council (ICC) said the inaugural championship will be hosted by England and will feature the top four teams in the ICC Test rankings, […]
Foot Wear
Oct 12, 2013 (LBO) – British shoemaker Clarks is expanding in Sri Lanka, and has seen unexpected success in women’s shoes, an official said.“We thought it will be dominated by men since the women shoes are little bit expensive,” he said. “But the response shows that we were wrong. Because women look differentiate in products […]
Maldivian president ends re-election bid
MALÉ, October 12, 2013 (AFP) – Maldivian President Mohamed Waheed has withdrawn his candidature for fresh elections which were ordered by the Supreme Court after a previous round of voting was annulled, an official said Saturday.However, a Commonwealth probe said the transfer of power was constitutional. A new president must be in office in the […]
Sri Lanka stocks take breather, rupee steady
Oct 11, 2013 (LBO) – Sri Lanka stocks ended a seven-day rally to close 0.17 percent lower Friday and the rupee gained slightly against the US dollar, brokers and dealers said. The rupee gained slightly against the US dollar trading at 131.07/10 in late trading in the spot market after opening at 131.12/13. Dealers said […]
Mortgage Profits
Oct 11, 2103 (LBO) – Profits at Sri Lanka’s HDFC Bank rose to 108.4 million rupees in the September 2013 quarter from 9,000 rupees, a year earlier with higher interest and fee income, interim results showed. The bank reported earnings of 1.68 rupees per share for the quarter. In the nine months to September, the […]
Online Reports
Oct 11, 2013 (LBO) – Sri Lanka’s credit information office will give online access for individuals to check their own status and get reports, an official said.The Bureau has credit information about 600,000 credit records relating to 400,000 customers. Sri Lanka’s Credit Information Bureau (CRIB) collects information from customers of 95 institutions. The information is […]
Sri Lanka tourist arrivals up 26.2-pct in September
Oct 11, 2013 (LBO) – Sri Lanka’s tourist arrivals rose 26.2 percent to 89,761 in September 2013 from a year earlier with visitors up 15.5 percent to 693,772 in first nine months data from the state tourism office showed. Up to September Western European visitors were up 14.4 percent to 307,831. Western European visitors peak […]