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Sri Lankan stocks up 8.9-pct over week, 63.5-pct in 2009
June 19, 2009 (LBO) – Sri Lankan stocks closed up 8.9 percent for the week Friday, up 63.5 percent for the year, with stronger foreign buying interest coming to the market, brokers said. The benchmark Colombo All Share Price Index closed up 1.99 percent (47.94 points) to end at 2,451.91 Friday while the Milanka index […]
Sri Lankan tea production falters in May
June 19, 2009 (LBO) – Sri Lanka’s tea production in May dropped 22.7 percent to 25.54 million kilos from a year ago owing to the effects of drought, a Tea Board official said. Tea production in the year to May was down 26.9 percent to 105.5 million kilos but a recovery is expected in the […]
Michelin to invest 1.0 billion euros in India: report
NEW DELHI, June 18, 2009 (AFP) – French tyre giant Michelin, which has announced plans to shed nearly 1,100 jobs in France, may invest more than one billion euros (1.39 billion dollars) over 10 years in a factory in India, an Indian newspaper reported Thursday.The group declined to confirm the amount but recalled that it […]
India asks US, China to restart stalled Doha round
WASHINGTON, June 19, 2009 (AFP) – India on Thursday called on the United States, China and other powers to return to talks immediately to frame a world trade accord instead of waiting for recovery from the global economic crisis.“We live in times when the people are anxious.This economic challenge cannot be resolved by waiting and […]
Sri Lanka war risk insurance rating lowered
June 19, 2009 (LBO) – International underwriters in London have lowered the war risk rating for Sri Lanka following the defeat by government forces of Tamil Tigers, paving the way for reducing insurance premiums on sea and air cargo. Sri Lanka is the global war risk list. The underwriters still have not reduced the surcharge […]
‘s Mendis confident he remains a mystery
LONDON, June 18, 2009 (AFP) – Unorthodox Sri Lanka spinner Ajantha Mendis insisted Thursday ahead of the World Twenty20 semi-final with the West Indies that “no batsman has figured me out yet”. Mendis had to undergo surgery to remove shrapnel from his scalp and back following March’s attack by armed militants on Sri Lanka’s team […]
Sri Lanka buys US218mn from forex markets in June: CB Governor
June 18, 2009 (LBO) – Sri Lanka’s central bank has bought 218 million US dollars from forex markets so far in June on top of 160 million US dollars bought during the last two months, Central Bank Governor Nivard Cabraal said. Since a float of the rupee in March ahead of an International Monetary Fund […]
Sri Lankan stocks up 2.4-pct
June 18, 2009 (LBO) – Sri Lankan stocks extended gains Thursday closing up 2.4 percent with heavy trading on conglomerate John Keells Holdings (JKH) and financial sector companies activating the market, brokers said. The market has grown 59.9 perecent year to date, brokers said. The benchmark Colombo All Share Price Index closed up 2.41 percent […]
Fin
June 18, 2009 (AFP) – Sri Lanka’s top rights panel said Thursday it has concluded investigations into the murder of 17 local employees of a French charity and six other high profile cases from the island’s civil war.The head of the probe, however, refused to say who had been found responsible for the 2006 massacre […]
Doomed mammoths hung on for several millennia: study
PARIS, June 17, 2009 (AFP) – Woolly mammoths survived in Britain until 14,000 years ago, around 6,000 years longer than previously thought, according to a study released Thursday.The study should settle a raging debate over the extinction of mammoths in Europe, unleashed when fossils from an adult male and four youngsters were found in the […]