All Blogs
Google stock price sinks on Internet ad-slump fears
SAN FRANCISCO, Feb 26, 2008 (AFP) – Google’s stock price sank Tuesday in the wake of a report hinting that boom times may be over for the Internet darling’s money-making online advertising. The number of click ads in January was essentially the same as it was in the same month a year earlier, and dipped […]
Dhoni says Sharma was provoked by Symonds
HOBART, Australia, Feb 26, 2008 (AFP) – Indian captain Mahendra Singh Dhoni on Tuesday accused Australia’s Andrew Symonds of provoking young paceman Ishant Sharma in their tri-series clash at the SCG.However, Dhoni conceded that wasn’t necessarily the case, saying: “Cricket can never be friendly. There will always be aggression on the field but as long […]
Smooth Premium
Feb 27, 2008 (LBO) – Chevron Lubricants Lanka said net profit for the year to December 2007 increased 34 percent to top a billion rupees, with premium brands bringing in better margins. Chevron Lubricants Lanka, formerly known as Caltex, once had a monopoly of the local market but its dominance has been challenged by new […]
Sri Lanka rupee reasonably stable: CB governor
Feb 27, 2008 (LBO) – The Sri Lanka rupee has been “reasonably stable”, Central Bank Governor Nivard Cabraal said, as the currency held rock-steady against the US dollar amid tight monetary policy. “The rupee has been made reasonably stable,” governor Cabraal told a gathering of bankers at a micro finance seminar in Colombo Wednesday. “It […]
Sri Lanka investors drive up Lankem in plantations chase
Feb 26, 2008 (LBO) – Sri Lankan stocks closed higher Tuesday with investors driving up the price of Lankem Ceylon, a group with interests in plantations which are seen making higher profits, brokers said. The All Share Price Index gained 6.64 points or 0.26 percent to close at 2,527.62 while the more liquid Milanka index […]
Hot Chillies
Feb 26, 2008 (LBO) – Sri Lanka’s Triad Advertising says it will seek international recognition after winning the only gold at this year’s ‘Chillies’ ad awards, while a top agency boycotted a post-event media conference. . Triad topped the tally for the third consecutive year. The agency won gold under the integrated communications category for […]
Tele Chief
Feb 26, 2008 (LBO) – Sri Lanka Telecom (SLT) has appointed Leisha Chandrasena, who was already a board member, as its new chairperson, an official said. SLT investor relations officer Upali Mahamithawa said Chandrasena’s appointment has taken effect from February 25. Japan’s NTT has a 35 percent stake in the firm but the chairman of […]
Indian Railways posts record 6.3-billion-dollar surplus
NEW DELHI, Feb 26, 2008 (AFP) – Giant state-run Indian Railways, once on track for bankruptcy, posted a record 6.3-billion-dollar surplus on Tuesday, announced new lines and cut fares in a populist budget with elections looming. “The world today acknowledges I’ve done a tremendous job,” said the wisecracking Railways Minister Lalu Prasad Yadav, presenting his […]
Stanley Fischer caves in; Bank of Israel prints to weaken shekel
JERUSALEM, Feb 25, 2008 (AFP) – The Bank of Israel governor on Monday cut base interest rates by a half point, lowering them to 3.75 percent, as the shekel continued its rise against the dollar, the bank said.Governor Stanley Fischer had been under pressure from employers and the Histadrout, the Israeli trade union congress, to […]
Sharma fined as Australia blamed for provocative behaviour
SYDNEY, Feb 25, 2008 (AFP) – Indian paceman Ishant Sharma has been fined 15 percent of his match fee after clashing with Australia’s Andrew Symonds in their latest tri-series match, spiking tensions between the sides again.“As long as it doesn’t boil into a major issue then it should be OK. The aggressive nature can bring […]