Author: lbostgadmin
Sri Lanka stocks close 0.16-pct higher, rupee weaker
Oct 15, 2013 (LBO) – Sri Lanka stocks closed 0.16 percent with foreign buying surging, mainly into the rights issue of John Keells Holdings and the rupee weakened, brokers and dealers said. John Keells Hotels closed 30 cents lower at 11.00 rupees. The rupee weakened slightly to 131.05/15 against the US dollar in late trading […]
US trio win Nobel Economics Prize for asset price work
STOCKHOLM, October 14, 2013 (AFP) – US trio Robert Shiller, Eugene Fama and Lars Peter Hansen won the Nobel Economics Prize on Monday for groundbreaking work on spotting trends in markets, the jury said. It was established in 1968 by the Swedish central bank to celebrate its tricentenary, and first awarded in 1969.The other prizes […]
New Airbus A350 on track for 2014: EADS chief
SYDNEY, October 14, 2013 (AFP) – The head of European aerospace giant EADS Monday said its aircraft unit Airbus is on track to deliver the first A350 XWB by the end of next year. The wide-bodied aircraft is the latest passenger jet from Airbus as the Toulouse-based manufacturer ramps up production in a bid to […]
Thousands homeless after killer Indian cyclone
GOPALPUR, October 13, 2013 (AFP) – Tens of thousands of people who fled India’s strongest cyclone in 14 years returned to discover their homes and livelihoods destroyed Monday, as a massive relief operation kicked into gear.One million people were forced to seek refuge in shelters and government buildings after the terrifying cyclone struck eastern India […]
‘s Bank of Ceylon offers up to 10-year bonds
Oct 14, 2013 (LBO) – Sri Lanka’s state-run Bank of Ceylon is offering listed debentures of up to 10 years paying tax free interest up to 13.75 percent, its offer document said. The bank is offering 4.0 billion rupees in bond with an option of a further 4.0 billion rupees. The subscription opens on October […]
Sri Lanka Treasuries yield ease
Oct 14, 2013 (LBO) – Sri Lanka’s Treasuries yields eased across maturities at an auction Monday, data from the state debt office showed. The 3-month yield fell 02 basis points to 8.56 percent, the 6-months yield fell 01 basis point to 9.60 percent and the 12-month yield fell 01 basis point to 10.49 percent. The […]
ICC launches world championship to preserve Cricket Tests
ABU DHABI, October 12, 2013 (AFP) – Cricket’s governing body launched the World Test Championship 2017 on Saturday aimed at preserving the primacy of the longer format of the game.The International Cricket Council (ICC) said the inaugural championship will be hosted by England and will feature the top four teams in the ICC Test rankings, […]
Killer cyclone wreaks havoc along Indian coast
BHUBANESWAR, October 12, 2013 (AFP) – A cyclone left a trail of death and destruction Sunday after winds packing speeds of up to 200 kilometres an hour ripped through a vast swathe of India’s impoverished east coast.As emergency teams began assessing the damage from the country’s worst cyclone in 14 years, a massive relief effort […]
Maldivian president ends re-election bid
MALÉ, October 12, 2013 (AFP) – Maldivian President Mohamed Waheed has withdrawn his candidature for fresh elections which were ordered by the Supreme Court after a previous round of voting was annulled, an official said Saturday.However, a Commonwealth probe said the transfer of power was constitutional. A new president must be in office in the […]
Foot Wear
Oct 12, 2013 (LBO) – British shoemaker Clarks is expanding in Sri Lanka, and has seen unexpected success in women’s shoes, an official said.“We thought it will be dominated by men since the women shoes are little bit expensive,” he said. “But the response shows that we were wrong. Because women look differentiate in products […]
‘s eastern coast
NEW DELHI, October 11, 2013 (AFP) – A cyclone barrelling towards India’s east coast intensified overnight, leading weather forecasters to warn Friday of a “very severe” storm that could cause widespread damage and flooding.Cyclone Phailin was expected to hit the impoverished states of Orissa and Andhra Pradesh on Saturday evening, accompanied by a storm surge […]
Miss Universe apologises to India over Taj photoshoot
NEW DELHI, October 11, 2013 (AFP) – Organisers of Miss Universe extended their “deepest apologies” to India over a photo shoot at the Taj Mahal that triggered a police case and accusations that she disrespected the famed monument to love. Reigning Miss Universe Olivia Culpo, a 21-year-old American from Rhode Island, visited the Islamic mausoleum […]