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‘s Gazprom proposes natural gas stations for Europe
MOSCOW, June 28, 2008 (AFP) – The chief executive of Russian energy giant Gazprom has proposed setting up a European network of service stations for cars fuelled by natural gas, as an alternative to petrol.“We are proposing to our European partners the creation of a network of natural gas stations in Europe with the participation […]
Indian shares set to slide further as oil, inflation surge
MUMBAI, June 28, 2008 (AFP) – Indian shares are set to run into rough weather again next week, as global crude prices and domestic inflation continue to surge, raising fears of further monetary tightening, dealers said.Investors are also wary of rising political uncertainty with media reports suggesting Friday that India’s ruling Congress party may decide […]
Sri Lanka illicit small arms threat to business: survey
June 28, 2008 (LBO) – The proliferation of illicit small arms in Sri Lanka not only fuels crime but has indirect costs on business as well as the environment, a new survey says. It said 9mm pistols were sold in the underworld for 15,000 rupees and T-56 automatic assault rifles for 50,000 – 75,000 rupees […]
Sri Lankan stocks end weaker
June 27, 2008 (LBO) – Sri Lankan stocks ended weaker Friday with the market failing to sustain the momentum generated by businessman Dammika Perera’s share deals in which he sold his power firm and became the single largest shareholder of Hayleys.The all share price index fell 0.35 percent (8.78 points) to 2,470.43 while the more […]
Global stocks slide as oil prices rocket to US$142
LONDON, June 27, 2008 (AFP) – European stocks mostly fell on Friday as oil prices shot to record levels, but losses were less than falls on other global markets hit by soaring crude costs and a weak US economy. Concerns are growing among investors that rising energy costs will fuel inflation and lead to higher […]
Oil prices ease after hitting record 140 dollars
SINGAPORE, June 27, 2008 (AFP) – Oil prices eased in Asia on Friday after reaching 140 dollars for the first time following the OPEC president’s forecast that prices could soon surge as high as 170 dollars a barrel. New York’s main oil futures contract, light sweet crude for August delivery, dropped 18 cents to 139.46 […]
‘s billionaires face daily struggle to make ends meet
HARARE, June 27, 2008 (AFP) – The prices at Dzidzai Guti’s makeshift stall can seem eye-popping, with rotting oranges, a pack of cigarettes and bananas fetching as much as 250 million Zimbabwean dollars.But the 27-year-old gardener struggles.He and his wife, who works as a maid, live in a room in the back of his boss’s […]
‘s Sangakkara, Muralitharan win Castrol awards
June 27, 2008 (LBO) – Sri Lankan cricketers Kumar Sangakkara and Muttiah Muralitharan won the Castrol Asian Batsman and Bowler award in test cricket at a function held in Karachi Friday. India’s Sourav Ganguly became the first recipient of the Castrol Asian Cricketer of the Year Award, a company statement said. “Ganguly has had a […]
Sri Lanka Cricket pays off debts with TV rights proceeds
June 27, 2008 (LBO) – Sri Lanka Cricket, the island’s richest sporting body, said it has paid off its debts with proceeds from the sale of television rights for the forthcoming tour in the island by India. The board lost 11 million dollars when South Africa pulled out of a triangular one-day series in 2006, […]
‘s Mendis career-best bowling helps down UAE
LAHORE, June 26, 2008 (AFP) – Unorthodox spinner Ajantha Mendis took a career-best 5-22 to help Sri Lanka overcome a fighting United Arab Emirates by 142 runs in the final Group A match played at the Gaddafi Stadium here on Thursday. Mendis triggered a collapse in the UAE batting ranks as the qualifiers lost eight […]