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New Faces
June 9, 2008 (LBO) – Sri Lanka Telecom (SLT), the island’s top fixed access telco said its Malaysian shareholder had appointed new directors after NTT Communications sold out and its representative resigned from the board. NTT with its 35 percent stake was allowed by majority shareholder Sri Lanka government to appoint the chief executive. Sri […]
Indian shares fall 4.66 percent to near three-month low
MUMBAI, June 9, 2008 (AFP) – Indian shares fell 4.66 percent to under 15,000 points in morning trade Monday in the wake of a Wall Street plunge triggered by surging oil prices and a sharp jump in US unemployment, dealers said. The benchmark Mumbai 30-share Sensex index fell 726 points to 14,846.18, a near-three month […]
Oil prices take breather amid recession fears
SINGAPORE, June 9, 2008 (AFP) – World oil took a breather Monday from spiralling prices seen hitting 150 dollars which have prompted consumer nations to urge a production increase amid warnings of a global recession. New York’s main oil futures contract, light sweet crude for July delivery, eased 1.06 dollars to 137.48 dollars a barrel […]
Japanese shares sharply lower Monday
TOKYO, June 9, 2008 (AFP) – Japanese shares were trading sharply lower early Monday after falls on Wall Street on Friday and a record surge in crude oil prices combined with a sharp jump in US unemployment. The benchmark Nikkei-225 index fell 343.04 points or 2.37 percent to 14,146.40 about fifteen minutes after the opening […]
Emotional moments from past Olympics
PARIS, June 09, 2008 (AFP) – Each Olympics brings out some memorable emotional moments and Beijing should not be any different.Here, AFP Sports picks out a selection of several of the outstanding memories: LONDON 1908 – The marathon that was not elementary John Hayes is one of the few winners of the Olympic marathon who […]
Connecting
June 08, 2008 (LBO) – Sri Lanka’s Leo Burnett Solutions has launched an initiative called ‘humankind’ for the advertising agency’s Asia-Pacific region network aimed at building brand preference and changing consumer behavior, a top official said. In the absence of brand preference, price reduction is the only option, Chairman of Leo Burnett South Asia, Arvind […]
Sri Lanka clashes kill 28 rebels: military
COLOMBO, June 8, 2008 (AFP) – Sri Lanka’s defence ministry said Sunday its forces had killed at least 28 Tamil Tiger rebels in the latest clashes across the north of the island.The fighting on Saturday in the Mannar, Vavuniya, Weli Oya and Jaffna areas saw one soldier killed, the ministry said. It also said 25 […]
Sri Lankans live on the edge as Tamil Tigers pounce on civilians
June 8, 2008 (AFP) – Each time Indika Jayawickrema uses public transport, his wife Chamindri anxiously waits for a telephone call to let her know he has safely reached his destination.His journey is one that has become more risky recently as a wave of bomb attacks targeting civilians sweeps through Sri Lanka, which is in […]
Iran sees oil at 150 dollars a barrel this summer
TEHRAN, June 8, 2008 (AFP) – The price of crude oil is set to rise even further to 150 dollars a barrel by the end of summer, Iran’s representative to the OPEC oil cartel warned on Sunday.“I foresee the price of oil reaching around 150 dollars a barrel by the end of the summer,” the […]
Vietnam economic boom hits high-speed wobbles
HANOI, June 8, 2008 (AFP) – Vietnam’s economy, until recently a darling of foreign investors, has overheated and may be sliding into a boom-and-bust cycle that could require IMF-style assistance, analysts say. The economy widely hailed last year as Asia’s next tiger has been battered by double-digit inflation, a ballooning trade gap, a tanked stock […]