Category:
Eurozone money supply slows, points to weaker economy: analysts
FRANKFURT, July 25, 2008 (AFP) – Growth of eurozone money supply and credit eased sharply last month, the European Central Bank said on Friday, providing more evidence of a possibly major economic slowdown, analysts said.The ECB said its M3 indicator of money supply showed growth of 9.5 percent in June, down from a revised May […]
Critical DNS vulnerability found on internet: experts
SAN FRANCISCO, July 24, 2008 (AFP) – Internet security researchers on Thursday warned that hackers have caught on to a “critical” flaw that lets them control traffic on the Internet.An elite squad of computer industry engineers that labored in secret to solve the problem released a software “patch” two weeks ago and sought to keep […]
”s collapse
July 25, 2008 (AFP) – Muttiah Muralitharan triggered India’s collapse with four quick wickets to boost Sri Lanka’s hopes of enforcing a follow-on in the third Test here on Friday. The wily off-spinner grabbed 4-38 as India struggled to reach 159-6 in their first innings at stumps on the third day in reply to Sri […]
Bunker mentality as Beijing readies for Games
BEIJING, July 25, 2008 (AFP) – Its ancient city walls were demolished decades ago, but with the Olympic Games fast approaching Beijing is raising a new defence that is echoing those long-gone fortifications.The capital has gone into fortress mode for next month’s Games, with police checkpoints choking road traffic into Beijing, tightened security across the […]
”s agony
July 25, 2008 (AFP) – Tillakaratne Dilshan completed a century as Sri Lanka posted a massive 552-6 in their first innings at lunch on the third day of the opening Test against India here on Friday. The middle-order batsman (102 not out) reached his fifth Test hundred in the last over before the break when […]
” trade concession extension doubtful: EU parliamentarian
July 25, 2008 (LBO) – The extension of trade concessions from the European Union to Sri Lanka is doubtful unless the country takes action to protect human and political rights and improve press freedom, a visiting European parliamentary delegation said. “It is doubtful at the moment,” European parliamentarian Robert Evans who led the delegation told […]
Sri Lanka will not sign economic pact with India: minister
July 24, 2008 (LBO) – Sri Lanka will not sign an economic pact with India until fears of local industrialists and professionals which suddenly cropped up despite four years of discussions are allayed, the island’s international trade minister said.On the same day, Wimal Weerawansa, a Marxist-nationalist lawmaker, challenged the government to release the draft CEPA […]
Sri Lanka stocks firm, turnover thin
July 24, 2008 (LBO) – Sri Lankan stocks closed up for the second day Thursday after a long slide but thin turnover showed investors opted to stay out of the market owing to uncertainties about corporate earnings. The All Share Price Index closed up 0.86 percent (20.34 points) at 2,376.87 while the Milanka was up […]
Shock Waves
July 24, 2008 (LBO) – A landmark court ruling against Sri Lanka’s John Keells group involving the privatization of a profitable marine bunkering unit which was coupled with a tax holiday, is sending shockwaves through the island’s private and public sectors. Sri Lanka’s Supreme Court said JKH had got a tax break through a ‘false […]
Sri Lanka Coke unit in plastic bottle recycle venture
July 24, 2008 (LBO) – The Sri Lankan unit of soft drinks maker Coca Cola has teamed up with Manisha Polymer, a local firm, to recycle plastic bottles.“We want to be a part of the solution and not the problem,” says Basil Gadzios, country manager, Coca Cola Beverages Sri Lanka. The firm has been selling […]
Sri Lankan military says 29 killed in fresh fighting
July 24, 2008 (AFP) – At least 25 Tamil Tiger rebels and four soldiers have been killed in fighting and air strikes across Sri Lanka’s northern region, the defence ministry said Thursday. The ministry said the clashes between troops and members of the Liberation Tigers of Tamil Eelam (LTTE) happened Wednesday and brought the number […]
Sri Lanka A&E unit in new deal with apparel industry
July 24, 2008 (LBO) – American & Efird Lanka (Pvt) Ltd. has secured a deal to be the preferred sewing thread supplier to Sri Lanka’s apparel industry for the third year running, a company statement said. A&E (Lanka) commands a large share of the Sri Lankan market for sewing thread. The company has signed a […]