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India plans global 3G spectrum auction
NEW DELHI, August 1, 2008 (AFP) – India said Friday it plans a global auction for the airwaves needed to offer high-speed third generation or 3G mobile phone services, a move that could rake in billions of dollars for the government.The long-awaited decision will allow foreign players the chance to enter the world’s fastest-growing mobile […]
WTO talks on sticking point continue at technical level: Lamy
GENEVA, August 1, 2008 (AFP) – Talks at a technical level are under way at the World Trade Organization on safeguard issues that ended marathon negotiations on a global trade deal this week, WTO head Pascal Lamy revealed on Friday.He told journalists it was necessary to overcome the safeguard technical issue that had caused the […]
Chavez nationalizes Bank of Venezuela
CARACAS, August 1, 2008 (AFP) – Leftist President Hugo Chavez on Thursday said he will nationalize the Bank of Venezuela, one of the country’s largest, and has asked the bank’s Spanish owners, Grupo Santander, for a meeting to set a price for the deal. “We’re going to nationalize Bank of Venezuela. I’m calling on (Grupo […]
‘t compromise on farmers
NEW DELHI, July 31, 2008 (AFP) – India said on Thursday it was willing to return to the negotiating table to work out a new global trade deal but warned it would not make any compromises that could hurt poor farmers.It also pinned the blame for the talks’ collapse earlier this week in Geneva squarely […]
Sri Lanka jolted by Harbhajan spin
GALLE, August 1, 2008 (AFP) – Harbhajan Singh bagged four quick wickets in a magnificent spell to put Sri Lanka under pressure in the second Test against India here on Friday.The off-spinner (4-71) removed well-set Kumar Sangakkara and Malinda Warnapura in successive overs before Sri Lanka struggled to reach 215-5 in their first innings at […]
Sri Lanka steady with Warnapura, Sangakkara
GALLE, August 1, 2008 (AFP) – Kumar Sangakkara and Malinda Warnapura hit impressive half-centuries to help Sri Lanka reach 126-1 in the first innings at tea in reply to India’s 329 in the second Test here on Friday.Warnapura was unbeaten on 60 and Sangakkara on 59 not out at the break to steady the innings […]
Sri Lanka second Test sees Sehwag, Mendis sharing limelight
GALLE, August 1, 2008 (AFP) – Virender Sehwag completed a brilliant double-century to help India post 329 in the first innings on the second day of the second Test against Sri Lanka here on Friday. The explosive opener carried his bat through the innings to remain unbeaten on 201, becoming in the process only the […]
Sri Lanka hit back after Sehwag misses rare feat
GALLE, July 31, 2008 (AFP) – Ajantha Mendis and Chaminda Vaas led Sri Lanka’s fight back after Indian opener Virender Sehwag missed out on a rare feat of scoring a century before lunch in the second Test here on Thursday.Sehwag was unbeaten on 91 at the lunch-break before hammering a robust 128 not out for […]
Indian Prime Minister Manmohan Singh arrives in Sri Lanka
Aug 1, 2008 (LBO) – Indian Prime Minister Manmohan Singh landed in Sri Lanka to attend the 15th Summit meeting of the South Asian Association of Regional Co-operation to be held in Colombo this weekend. The city has been under tight security pending the arrival of regional leaders. Prime minister Singh arrived in the island […]
Sri Lanka stocks lifted by telecom gains
July 31, 2008 (LBO) – Sri Lankan stocks closed higher Thursday lifted by gains in telecom heavyweights after the dominant fixed line operator Sri Lanka Telecom (SLT) reported a surprise jump in June quarter profits The All Share Price Index gained 1.41 percent (34.27 points) to close at 2,463.41 while the more liquid Milanka went […]
Sri Lanka Telecom share price gains after surprise profit jump
July 31, 2008 (LBO) – Sri Lanka Telecom’s share price rose Thursday after it reported June quarter profit nearly tripled to 1.5 billion rupees helped by its newly profitable mobile subsidiary.The stock was up 3.33 percent or 1.50 to 46.50 rupees around 1.00 p.m. on the Colombo stock exchange, after hitting a high of 47.50, […]
Bank Trends
July 31, 2008 (LBO) – Sri Lanka’s Nations Trust Bank (NTB) said June quarter net profit rose 54 percent to 141 million rupees from a year ago, with a sharp increase in specific provisioning for bad loans. Gross income went up 34 percent to nearly 3.3 billion rupees, the bank said in interim results released […]