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‘s Jayawardene says batsmen must lift
PERTH, Australia, Feb 16, 2008 (AFP) – Sri Lankan captain Mahela Jayawardene said his team needed to play smarter cricket at international level after this week’s 63-run loss to Australia.Sri Lanka blew their chance to go top of the tri-series ladder here Friday when several batsmen threw their wickets away as they were dismissed for […]
Sri Lanka airforce bombs rebel base: ministry
Feb 16, 2008 (AFP) – Sri Lanka’s airforce kept up air strikes on suspected Tamil Tiger rebel targets in the island’s north for the third day in a row on Saturday, the defence ministry said.It did not give details of casualties or damage but said a rebel coordination centre in Mannar on the northwest coast […]
Sri Lanka shares fall, high interest rates herald uncertainty
Feb 15, 2008 (LBO) – Sri Lankan shares ended lower Friday with transactions in Royal Ceramics and HNB non-voting shares the main feature of the day but continuing high interest and inflation rates are seen dampening investor interest in stocks. The All Share Price Index lost 20.85 points or 0.83 percent to end at 2,485.05 […]
‘s Reach
Feb 15, 2008 (LBO) – International Finance Corporation, the World Bank’s private sector financing arm, has given a 75 million dollar standby loan for John Keells Holdings (JKH) which can be invested abroad, the firms said in a joint statement. “This will promote cross border business and growth of infrastructure across the region,” the statement […]
Negative Outlook
Feb 15, 2008 (LBO) – Sri Lanka’s rating outlook has been lowered to ‘negative’ by Standard and Poor’s (S&P) who warned that the underlying B+ rating rating could also be downgraded if budgets worsened. The rating agency said short term foreign borrowing was rising and an “apparent” fall in national debt was largely coming from […]
Indonesian shares close 0.5 percent higher
JAKARTA, Feb 15, 2008 (AFP) – Jakarta share prices closed 0.5 percent higher Friday rebounding from morning losses after the government’s announcement of strong 2007 growth data, dealers said. They said for 2007, the economy expanded 6.32 percent, the fastest for Indonesia since the Asian financial crisis 11 years ago.It remained below the pre-crisis level […]
‘s inflation surges to 66,000 percent
HARARE, Feb 14, 2008 (AFP) – Zimbabwe’s inflation rate, already the highest in the world, has soared to a new high of 66,212.3 percent, according to official figures obtained by AFP on Thursday.“The year-on-year inflation rate for the month of December 2007, as measured by the all items Consumer Price Index (CPI) stood at 66,212.3 […]
Dollar slips after Bernanke opens door to rate cuts
NEW YORK, Feb 14, 2008 (AFP) – The dollar eased against other major currencies Thursday after US Federal Reserve chairman Ben Bernanke highlighted economic risks, signaling further interest rate cuts to bolster growth.Around 2200 GMT, the euro was at 1.4637 dollars, up from 1.4573 dollars in New York late Wednesday. The dollar also fell to […]
Sri Lanka beaten by Australia
PERTH, Australia, Feb 15, 2008 (AFP) – Local hero Adam Gilchrist scored a fairytale century in a man-of-the-match performance that lifted Australia to victory in their tri-series one-day game against Sri Lanka at the WACA Friday. After his 118 helped the hosts make 236 from 49.4 overs, Sri Lanka blew the chance to go top […]
Sri Lanka contain Australia despite Gilchrist heroics
PERTH, Australia, Feb 15, 2008 (AFP) – Local hero Adam Gilchrist scored a fairytale century as Australia made 236 in their tri-series one-day match against Sri Lanka at the WACA here Friday.The 36-year-old left-hander is quitting international cricket at the end of the series and it was his final innings at his home ground. Gilchrist […]