Author: lbostgadmin
Oil prices slide again on roller coaster run
LONDON, June 9, 2008 (AFP) – Crude oil prices pulled back Monday from last week’s record highs as the dollar firmed against the euro and OPEC kingpin Saudi Arabia stressed its willingness to meet any increase in demand.New York’s main oil futures contract, light sweet crude for July delivery, slid 4.19 dollars a barrel to […]
‘s ex-king has hundreds of millions stashed away: author
KATHMANDU, June 10, 2008 (AFP) – Nepal’s ousted king is thought to have close to 200 million dollars stashed away inside the country and even more abroad, according to an author who has probed royal finances.Surya Thapa, a journalist who has written three books on the Himalayan royals, said ex-king Gyanendra is unlikely to feel […]
Uganda benefiting from world food crisis: president
LONDON, June 10, 2008 (AFP) – Uganda is benefiting from the current hike in world food prices because it is a net producer of goods like bananas, its President Yoweri Museveni said here Tuesday.“We are very happy with the food crisis. Why? Because we produce a lot of food, and our problem has been the […]
Sri Lanka LOLC plans ethanol power plant
June 10, 2008 (LBO) – Sri Lanka’s LOLC group, which has taken over a defunct sugar firm in a public-private partnership, is planning to build an ethanol-based power plant, the company said. LOLC and Brown & Company inked deal with the government in 2007 to revive Gal Oya Plantations, a defunct state sugar firm that […]
Emirates to start first A380 services to Americas
June 10, 2008 (LBO) – Dubai-based Emirates is starting the first ever commercial Airbus A380 service to the Americas with a 14-hour non-stop flight to New York from August 01, the airline said. Air travellers will be able to experience Emirates Airline’s state-of-the-art A380 aircraft for the first time on 1st August, when the airline […]
Sri Lanka fighting kills another 20: military
June 10, 2008 (AFP) – Fighting across Sri Lanka’s embattled northern region left at least 18 Tamil Tigers and two soldiers dead, the defence ministry said Tuesday.Monday’s fighting in the regions of Mannar and Vavuniya also wounded 10 Tiger rebels and 18 government troopers, the ministry said. However, the Liberation Tigers of Tamil Eelam (LTTE) […]
Tight Rates
June 10, 2008 (LBO) – Sri Lanka’s Lanka Orix Leasing Company (LOLC) group said net profits for the year ended March 2008 was up 21 percent with revenue growing 50 percent though rising interest costs trimmed profits at company level. Group net profits rose to 1.26 billion rupees from 1.04 billion, while gross revenues rose […]
Debt Tool
June 10, 2008 (LBO) – The Sri Lanka Ports Authority (SLPA) plans to get a credit rating that will enable it to borrow abroad to fund harbour expansion projects and better manage debt repayments, its chairman Saliya Wickramasuriya said. “Our debt portfolio needs to be managed properly. We may need to do some debt swapping. […]
Sri Lanka Hayleys group stake changes hands
June 10, 2008 (LBO) – A six percent stake in Sri Lanka’s Hayleys group owned by Carson and Cumberbatch controlled companies was bought by businessman Dhammika Perera on the Colombo stock exchange Tuesday, brokers said. The Ceylon Investments Company sold a stake in Hayleys amounting to 1,822,632 shares while Ceylon Guardian Investment Trust sold 2,164,358 […]
Emotional moments from past Olympics
PARIS, June 09, 2008 (AFP) – Each Olympics brings out some memorable emotional moments and Beijing should not be any different.Here, AFP Sports picks out a selection of several of the outstanding memories: LONDON 1908 – The marathon that was not elementary John Hayes is one of the few winners of the Olympic marathon who […]
Japanese shares sharply lower Monday
TOKYO, June 9, 2008 (AFP) – Japanese shares were trading sharply lower early Monday after falls on Wall Street on Friday and a record surge in crude oil prices combined with a sharp jump in US unemployment. The benchmark Nikkei-225 index fell 343.04 points or 2.37 percent to 14,146.40 about fifteen minutes after the opening […]
Oil prices take breather amid recession fears
SINGAPORE, June 9, 2008 (AFP) – World oil took a breather Monday from spiralling prices seen hitting 150 dollars which have prompted consumer nations to urge a production increase amid warnings of a global recession. New York’s main oil futures contract, light sweet crude for July delivery, eased 1.06 dollars to 137.48 dollars a barrel […]