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Slim Prices
Sept 30, 2008 (LBO) – Sri Lanka’s Dialog Telekom, a unit of Telekom Malaysia said it had bagged five million subscribers, started per second billing and cut tariffs for calls within the network. A new post-paid package give 1,000 free minutes withing the network and per-second billing. Prepaid customers would also get per-second billing and […]
Sri Lanka military says rebel air strip captured
September 30, 2008 (AFP) – Government troops have captured a runway operated by Tamil Tiger rebels inside the guerrillas’ mini-state in the north, Sri Lanka’s defence ministry said Tuesday.Tens of thousands have died on both sides of the conflict. “Troops have captured the second LTTE (Liberation Tigers of Tamil Eelam) runway, which is 500 meters […]
Sri Lanka navy sink rebel boats, kill 8: military
September 30, 2008 (AFP) – A Sri Lanka navy patrol destroyed two Tamil Tiger boats, killing eight rebels on board, in a clash at sea off the island’s northern Pooneryn region, the defence ministry said Tuesday. The navy did not give its own losses during the battle, which occurred late Monday.The Liberation Tigers of Tamil […]
Europe scrambles to save banks from meltdown
PARIS, September 30, 2008 (AFP) – As the shockwave from the US financial meltdown battered Europe on Tuesday, governments scrambled to shore up fragile banks and restore confidence to flighty stock markets. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 In Paris, President Nicolas Sarkozy held a […]
World awaits action after US rejects bailout
WASHINGTON, September 30, 2008 (AFP) – Treasury Secretary Henry Paulson warned US lawmakers they had to act fast after the House rejected his 700-billion-dollar bank bailout, triggering panic selling as the global financial crisis deepened. Stock markets around the world plunged after US House members, wary an angry public will punish them on Election Day […]
Asian stocks dive as panic sweeps global markets
TOKYO, September 30, 2008 (AFP) – Stocks plunged in Asia Tuesday as fears of escalating financial turmoil triggered panic selling on world markets after Washington policymakers unexpectedly shot down a US financial rescue plan. In Tokyo and Hong Kong stocks were some five percent in the red despite calls from policymakers for markets to keep […]
Dollar gains despite rejection of bailout plan
NEW YORK, September 29, 2008 (AFP) – The euro and the pound slid against the dollar Monday after the rescue of several European banks deepened worries about the global financial system. The currency market showed little reaction off US lawmakers’ rejection of a 700-billion-dollar financial rescue plan touted by President George W.Bush’s administration as vital […]
Drama as American people say no to Wall Street bailout
WASHINGTON, September 29, 2008 (AFP) – Shocked, open-mouthed and fearful US lawmakers stood in the well of the House of Representatives Monday, dumbfounded by the magnitude of the chamber’s decision to kill a bid to save Wall Street. Democratic and Republican party leaders who had battled to pass a 700 billion dollar bailout bill, stared […]
Markets dive after US lawmakers reject financial bailout
NEW YORK, September 29, 2008 (AFP) – Global markets panicked Monday after US lawmakers rejected a 700-billion-dollar rescue of the financial system, raising the prospect of deeper financial turmoil. Wall Street blue-chip stocks suffered their worst single-day point decline after the US House of Representatives defeated the measure billed by President George W. Bush’s administration […]
Sri Lanka 12-month inflation falls in September
Sept 30, 2008 (LBO) – Consumer prices in Sri Lanka’s capital Colombo increased by 24.3 percent in the 12-months to September 2008, down from 24.9 percent in August, the government’s statistics office said. The census department said food prices fell by 0.2 percent while fuel, household maintenance, transport and recreation showed an increased. The central […]