All Blogs
Rare pre-historic footprints found in Mexico
MEXICO CITY, September 27, 2011 (AFP) – Footprints from early humans that are between 4,500 and 25,000 years old have been discovered in a remote area of northern Mexico, researchers said Monday. The five footprints set in stone “are among the few impressions of the first inhabitants in the American continent found in Mexico,” the […]
” needed on India trade deal
BRUSSELS, September 26, 2011 (AFP) – European Union trade commissioner Karel De Gucht warned Monday that a long-planned free-trade agreement between Europe and India is in trouble failing more “flexibility” from both sides. “We remain fully engaged on these negotiations,” the Belgian said after talks in Brussels among the EU’s 27 trade ministers. “But I […]
Sri Lanka July 2011 export earnings up 9.4%, tea down
Sept 27, 2011 (LBO) – Sri Lanka’s exports rose 9.4 percent to 958 million US dollars in July 2011 from a year ago although earnings from tea, its main agricultural export fell, the central bank said. Spending on imports shot up 58 percent to 1. 78 billion US dollars in July from the year before, […]
More stimulus wrong answer to crisis: Merkel
BERLIN, September 27, 2011 (AFP) – German Chancellor Angela Merkel hit back Tuesday at those, including the United States, urging Europe to introduce new economic stimulus packages to boost demand and spend its way out of the crisis. “We need to combine economic growth with solid public finances … we are not in favour of […]
Sri Lanka rule of law seen key factor in luring investors
Sept 27, 2011 (LBO) – Sri Lanka must ensure that rule of law is maintained especially in commerce if it wants to be considered attractive to foreign investors, an economist said. Indrajit Coomaraswamy, former director of economic affairs at the Commonwealth Secretariat in London, said foreign investment has not picked up as anticipated despite the […]
Sri Lanka bonds volatile, CB Treasuries top Rs50bn
Sept 26, 2011 (LBO) – Sri Lanka’s bond yields ended lower after seeing unusual volatility dealers said, while the rupee continued to be defended at 110.30 to the dollar in the spot market, dealers said. Sri Lanka’s interest rates have started to move after sustained defence of a dollar peg reduced excess liquidity in money […]
Sri Lanka stocks stagnant
Sept 26, 2011 (LBO) – Sri Lankan stocks were barely changed Monday and turnover was also lower than usual with heavy trade in shares that had drawn the interest of speculators, brokers said. The main All Share Price Index rose 0.02 percent (1.42 points) to 6,736.02, while the more liquid Milanka index rose 0. 03 […]
Liquidity Path
Sept 26, 2011 (LBO) – Sri Lanka’s The Finance Company, which was put under new management by the financial regulator, is planning to sell commercial property as the firm recovers. “..[M]easures are being taken to convert non-yielding land stock to yielding stocks and certain pivotal steps are being ascertained to dispose commercial properties…” chairman Preethi […]
Outsource Reach
Sept 26, 2011 (LBO) – PC House, a Sri Lankan information technology company, has bought a 90 percent stake in Infoserve (Private) Limited for 45 million rupees. The company also has a firm revenue stream from computer hardware and software sales and setting up networks. Infoserve is a company based in Sri Lanka providing Internet […]
Sri Lanka war general ready to fight US court summons
September 26, 2011 (AFP) – A Sri Lankan general serving as a UN diplomat in New York is prepared to face a US court to deny charges his men committed war crimes during the island’s civil war, reports said Monday. A civil case has been filed in New York on behalf of two people whose […]