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Dollar weaker in Asia despite central bank credit plan
TOKYO, Dec 13, 2007 (AFP) – The dollar slipped against other major currencies in Asian trade on Thursday amid uncertainty about how effective a central bank plan to ease a global credit crunch will be, dealers said. The euro rose to 1.4720 dollars in Tokyo morning trade from 1.4702 dollars in New York late Wednesday, […]
Wall St. gains as global central banks promise to print emergency cash
NEW YORK, Dec 12, 2007 (AFP) – Wall Street rode a roller coaster session Wednesday as stocks rallied, then fell before swinging higher after the Federal Reserve and other central banks unveiled a coordinated plan to ease a global credit crunch. In a move analysts described as the most concerted effort since the September 11, […]
Sri Lanka England Test heads for draw
Dec 13, 2007 (AFP) – England’s batsmen saw off Sri Lanka’s early challenge on the fifth and final day as the second Test headed towards a draw on Thursday. The tourists, needing to bat out the day after trailing by 197 runs on the first innings, carried their overnight score of 48-0 to 152-1 at […]
Ranatunga set to head Sri Lanka Cricket
COLOMBO, Dec 13, 2007 (AFP) – Sri Lanka’s World Cup winning captain Arjuna Ranatunga is tipped to head the country’s cricket administration, government sources told AFP on Thursday.Ranatunga, 44, who is a ruling party legislator, could take over as early as Friday when parliament meets for a crucial vote on President Mahinda Rajapakse’s budget for […]
Malaysian Tamils with alleged Sri Lanka Tiger links arrested
KUALA LUMPUR, Dec 13, 2007 (AFP) – Five leaders of Malaysian Indian activist group Hindraf were arrested Thursday under controversial security laws that allow for detention without trial, a spokesman said.Hindraf enraged the government last month by mounting a mass rally alleging discrimination against minority ethnic Indians in Malaysia, which is dominated by Muslim Malays. […]
Sri Lanka gets UN human rights visitor
December 13, 2007 (LBO) – A United Nations human right representative concerned with refugees is to arrive in Sri Lanka today on a week long visit at the invitation of the government, the UN has announced. Walter Kalin, representative of the UN Secretary General on the human rights of internally displaced people, will hold talks […]
Sri Lanka rejects bids for six and 12-month bills
Dec 12, 2007 (LBO) – Sri Lanka has rejected bids for 6 and 12-month Treasury bills at Wednesday’s auction selling only 3-month bills at an average yield of 18.99 percent, up 96 basis points from last week..Updated/Corrected last week Dealers estimate the 3-month cut – off rate, the highest rate at which bids were accepted, […]
Hurry Call
Dec 12, 2007 (LBO) – Sri Lankan port workers Wednesday urged the government to speed up a new project to expand Colombo port, saying further delays could jeopardise its transhipment business and hub status. Unions representing a wide range of workers in Colombo port said the Colombo south port expansion project was a vital and […]
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BANGALORE, India, Dec 12, 2007 (AFP) – India remains the top destination for companies moving information-technology services to lower-cost economies, but China, Russia and Brazil are catching up, said a report released Tuesday.Research firm Gartner also said offshore spending will grow 60 percent in Europe and 40 percent in the US next year in a […]
Petition Call
Dec 12, 1007 (LBO) – A charity working to free a teenaged Sri Lanka maid on death row in Saudi Arabia has called for renewed public petitions for clemency amid fears that her sentence may be upheld despite an ongoing formal appeal. The Asian Human Rights Commissions (AHRC), which funded a legal appeal for Rizana […]