Category: Economy and Markets
”: New York mayor
NEW YORK, September 28, 2011 (AFP) – Visa policies that keep skilled workers from settling in the United States amount to “national suicide,” New York Mayor Michael Bloomberg said Wednesday. “These businesses will hire American workers, and immigrants are more than twice as likely as those born in America to start a new company,” he […]
Sri Lanka stocks end up 0.5-pct
Sept 29, 2011 (LBO) – Sri Lankan stocks closed firmer Thursday and turnover also rose with an insurer whose ownership changed hands recently being brought under a price band after a sharp rise in its price, brokers said. The main All Share Price Index rose 0. 55 percent (37.24 points) to 6,747.91, while the more […]
Sri Lanka to close prisons for commercial development
Sept 29, 2011 (LBO) – Sri Lanka will shift several prisons in prime city centres including the capital Colombo to make way for commercial development, minister Keheliya Rambukwelle said. Matara and Galle prisons will be shifted to Pitabeddara in the Matara district. The cabinet of ministers had approved a proposal by the prison reforms ministry […]
Sri Lanka had BOP surplus by end July: Central Bank
Sept 29, 2011 (LBO) – Sri Lanka had recorded a balance of payments surplus of 1,006 million US dollars by July 2011, with official foreign reserves climbing to 8,099 million US dollars, the Central Bank said. Foreign inflows to the state, including a billion dollar sovereign bond was 2,754 million US dollars and foreign direct […]
Sri Lanka bill yields steady
Sept 28, 2011 (LBO) – Sri Lanka’s Treasury bill yields edged up one basis points across maturities with the 3-month yield moving to 7. 15 percent, data from the state debt office showed. The 6-month yield moved one basis points to 7. 23 percent and the 12-month yield moved to 7. 31 percent. The debt […]
Germany hits out at US as Greece vows action on debt
BERLIN, September 27, 2011 (AFP) – Germany told the United States Tuesday to stop pointing the finger at Europe for its own economic ills while debt-hit Greece promised to do its utmost to avert a financial meltdown in the eurozone. Elsewhere in the German capital, Greek Prime Minister George Papandreou insisted that Athens was pulling […]
Sri Lanka stocks end down 0.4-pct
Sept 28, 2011 (LBO) – Sri Lankan stocks closed weaker Wednesday after being stagnant for two days on rather thin turnover, brokers said. The main All Share Price Index fell 0.40 percent (27.01 points) to 6,710.67, while the more liquid Milanka index fell 0.47 percent (28.21 points) to close below the 5,000 mark at 5,999.28, […]
More stimulus wrong answer to crisis: Merkel
BERLIN, September 27, 2011 (AFP) – German Chancellor Angela Merkel hit back Tuesday at those, including the United States, urging Europe to introduce new economic stimulus packages to boost demand and spend its way out of the crisis. “We need to combine economic growth with solid public finances … we are not in favour of […]
Sri Lanka stocks becalmed
Sept 27, 2011 (LBO) – Sri Lankan stocks were becalmed for the second day Tuesday with turnover also lower than usual amind continued trade in shares that had drawn speculators, brokers said. The main All Share Price Index rose 0.02 percent (1.43 points) to 6,737.45, while the more liquid Milanka index rose 0.03 percent (1.77 […]
Sri Lanka rule of law seen key factor in luring investors
Sept 27, 2011 (LBO) – Sri Lanka must ensure that rule of law is maintained especially in commerce if it wants to be considered attractive to foreign investors, an economist said. Indrajit Coomaraswamy, former director of economic affairs at the Commonwealth Secretariat in London, said foreign investment has not picked up as anticipated despite the […]
Sri Lanka bonds volatile, CB Treasuries top Rs50bn
Sept 26, 2011 (LBO) – Sri Lanka’s bond yields ended lower after seeing unusual volatility dealers said, while the rupee continued to be defended at 110.30 to the dollar in the spot market, dealers said. Sri Lanka’s interest rates have started to move after sustained defence of a dollar peg reduced excess liquidity in money […]
Sri Lanka stocks stagnant
Sept 26, 2011 (LBO) – Sri Lankan stocks were barely changed Monday and turnover was also lower than usual with heavy trade in shares that had drawn the interest of speculators, brokers said. The main All Share Price Index rose 0.02 percent (1.42 points) to 6,736.02, while the more liquid Milanka index rose 0. 03 […]