Author: lbostgadmin
Zimbabwe hikes rates by 15,000bp as Sri Lanka holds rates steady
Oct 02, 2007 (LBO) – Zimbabwe has hiked overnight discount rate by 15,000 basis points to 800 percent while the rate at the unsecured last resort window has been upped to 850 percent, a market day after Sri Lanka froze policy rates. “These levels will be reviewed regularly without prior warning,” Zimbabwe’s central bank governor […]
Sri Lanka Tamil Tigers deny taking bribe to rig elections
Oct 2, 2007 (AFP) – Sri Lanka’s Tamil Tiger rebels Tuesday rejected lingering allegations that they cut a lucrative deal with President Mahinda Rajapakse to ensure his election victory nearly two years ago.The Tigers are leading a drawn-out campaign for independence, and the island’s mainstream political leaders have often been accused of cutting deals with […]
‘s wife to be auctioned
LONDON, Oct 1, 2007 (AFP) – Jewels that once previously belonged to Anita Delgado, a Spanish dancer who became the fifth wife of a wealthy Indian maharaja, are to be auctioned in London, auction house Christie’s said Monday. The eight pieces of jewellery, described by Christie’s as consisting predominantly of art deco pieces, will be […]
Indonesia issues tsunami alert after quake
JAKARTA, Oct 2, 2007 (AFP) – Indonesia issued a tsunami warning to coastal areas along its west Sumatra island Tuesday after a 6.4-magnitude quake struck offshore, the meteorology office said. . .
Soaring euro, slowing economy dampen odds of eurozone rate hike
FRANKFURT, Oct 2, 2007 (AFP) – The European Central Bank is keeping an eye on inflation but the chances it will raise its base lending rate Thursday are nil owing to the soaring euro and signs the eurozone economy is slowing down.In Britain, the Bank of England was also expected to hold rates steady, two […]
Lonely Planet founders say BBC sale offers chance to move on
SYDNEY, Oct 2, 2007 (AFP) – The founders of Lonely Planet guidebooks said Tuesday that they decided to sell the “backpackers’ Bible” to BBC Worldwide because they wanted to “move on” and have more time for travel.Tony and Maureen Wheeler founded the hugely successful publishing business 34 years ago when they compiled a list of […]
Yearly inflation in OECD area falls to 1.8 percent in September
PARIS, Oct 2, 2007 (AFP) – Annual inflation in the 30 industrialised members of the OECD fell to 1.8 percent in the year to August from 2.0 percent in July 2006, the Organisation for Economic Cooperation and Development said Tuesday.In Japan, prices were down by 0.2 percent in August compared with a year earlier after […]
Air ambulance to evacuate wounded British honeymooners
Oct 2, 2007 (AFP) – An air ambulance arrived in the Maldives Tuesday to evacuate a British honeymoon couple wounded in a weekend bomb attack, a minister said. The plane, chartered by the Maldivian government, will airlift Christian and Jennifer Donelan, both 32, to Britain, where they will undergo further medical treatment, Tourism Minister Mahamood […]
Easy Connections
Oct 02, 2007 (LBO) – Sri Lanka Telecom (SLT) has signed up PC House, an IT firm, to package broadband connections with its computers, the telecommunications provider said. “Through this initiative SLT will be able to offer Broadband products to its customers via 41 PC House branches including North and East in addition to SLT […]
Stiff Penalties
KUWAIT CITY, Oct 2, 2007 (AFP) – An Islamist lawmaker in Kuwait called for the interior ministry on Tuesday to draw up a blacklist of employers who mistreat their domestic helpers and urged stiff penalties for physical abuse.MP Waleed al-Tabtabai said in a statement that employers who abuse their maids “physically or morally” should be […]
Sri Lanka Tea Board to monitor export quality closely
Oct 02, 2007 (LBO) – The Sri Lanka Tea Board plans to set up a tea testing laboratory to make sure that chemical residues and impurities do not get into exports, Tea Board chairman Lalith Hettiarachchi said. . The lab will in future handle all the testing done by the Board some of which is […]
Sri Lanka stars join Twenty20 league in India
NEW DELHI, Oct 1, 2007 (AFP) – Ace Sri Lankan spinner Muttiah Muralitharan and skipper Mahela Jayawardene have signed up for the new Twenty20 league in India next year, the cricket board said Monday.The two stalwarts head a list of eight Sri Lankan players who have penned deals with the Board of Control for Cricket […]