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Sri Lanka Telecom share transfer boosts turnover
April 16, 2008 (LBO) – Nearly 32 million Sri Lanka Telecom shares were traded on the Colombo bourse at 49 rupees a share, boosting turnover on an otherwise slack Wednesday, dealers said.The transaction was a foreign-to-foreign transfer to an investment fund, said Danushka Samarasinghe, research manager at Asia Securities, the broking house which did the […]
Sri Lanka Telecom share price edges up as large stake changes hands
April 16, 2008 (LBO) – Nearly 32 million Sri Lanka Telecom shares changed hands on the Colombo bourse at 49 rupees a share, up 25 cents Wednesday.Brokers said the seller was believed to have been a Sri Lanka-born investor who had bought the stake before the UT bid and was making a sizeable profit within […]
Sri Lanka steps up air strikes, ground battles: military
April 16, 2008 (AFP) – Sri Lanka stepped up air attacks against Tamil Tiger rebels Wednesday, deploying jets and helicopter gunships as 12 guerrillas were killed in ground battles, defence officials said. Fighter jets bombed a suspected Tamil Tiger base in the northern town of Oddusudan overnight while Mi-24 helicopter gunships were deployed to attack […]
Sri Lanka war planes hit Tiger communication centre: military
April 15, 2008 (AFP) – Sri Lankan war planes bombed a communications centre inside rebel-held territory Tuesday after heavy ground battles left seven Tamil Tigers dead, the defence ministry said. The target was taken on Tuesday afternoon as ground troops battled the rebel Liberation Tigers of Tamil Eelam (LTTE) along the de facto border of […]
‘s highest apartment rents: survey
SINGAPORE, April 16, 2008 (AFP) – Hong Kong has the world’s priciest apartment rents, with the lease for a three-bedroom unit costing more than 9,700 US dollars on average a month, a survey released Wednesday said.Singapore, which positions itself as a Southeast Asian business hub, saw Asia’s biggest year-on-year rental increase of more than 30 […]
Eurozone March inflation at 3.6 percent
BRUSSELS, April 16, 2008 (AFP) – Inflation in the 15 nations sharing the euro reached a record 3.6 percent in March, the European Union’s Eurostat data agency said Wednesday, revising up a first estimate of 3.5 percent. The rate, the highest since the launch of the single European currency in 1999, exceeded economist forecasts for […]
OPEC says oil prices a bubble, not fundamental demand
VIENNA, April 15, 2008 (AFP) – OPEC on Tuesday left unchanged its 2008 estimate of growth in world oil demand, arguing that while high prices and slowing economies would brake demand in major industrialised countries, appetite for crude would remain robust elsewhere.. On a day when the price of crude in New York jumped to […]
Oil prices ease after hitting US$114
SINGAPORE, April 16, 2008 (AFP) – Oil prices eased in Asian trade on Wednesday after a series of record highs driven by supply worries, dealers said.In morning trade, New York’s main oil contract, light sweet crude for delivery in May, was 30 cents lower at 113.49. The contract earlier topped 114 dollars a barrel for […]
British annual inflation steady at 2.5 percent in March: official data
April 15, 2008 (AFP) – British inflation stood at an annual rate of 2.5 percent in March, unchanged from February, as declines in the cost of household equipment offset hikes to air travel and energy, official data showed Tuesday.The 12-month inflation rate for March meanwhile held above the Bank of England’s 2.0-percent target for a […]
Sri Lanka lose one-day series to West Indies
GROS-ISLET, St.Lucia, April 16, 2008 (AFP) – West Indies won the three-match One Day International series with Sri Lanka 2-0 after rain washed out the final match at the Beausejour Stadium here Tuesday. This decider promised much but delivered a no-result when rain forced an abandonment of the third and final ODI under lights. In […]