Category: Economy and Markets
Sri Lanka Treasuries yields fall
Sept 01, 2010 (LBO) – Sri Lanka’s one year Treasury bill yields fell 21 basis points Wednesday at an auction where the government rolled over 10 billion rupees of maturing bills, the debt office said. The 3-month yield fell 05 basis points to 7. 13 percent, the 6-month yield fell 15 basis points to 7.80 […]
Sri Lanka stocks close up 0.57-pct
Sept 01, 2010 (LBO) – Sri Lankan stocks closed slightly higher Wednesday with heavy trading in shares of a hotel that announced a rights issue, brokers said. The All Share Price Index closed at 5,690.29, up 0.57 percent (32.28 points) while the more liquid Milanka index rose 0.34 percent (20.16 points) to close at 5,909.32, […]
Euro, yen and emerging currencies gain forex share: BIS
GENEVA, September 1, 2010 (AFP) – The euro, Japanese yen and some emerging market currencies are gaining ground in the foreign exchange market while the dollar is continuing to decline, a bank survey said Wednesday. “The US dollar continued a slow retreat from its 90 percent peak share of all transactions reached in the 2001 […]
Sri Lankan stocks close up 1.02-pct
Aug 31, 2010 (LBO) – Sri Lankan stocks bounced back Tuesday, driven by interest in selected blue chip and midcap stocks, while heavy buying of Asia Capital and Distilleries Company boosted turnover, brokers said. The All Share Price Index closed at 5,658.01, up 1.02 percent (57.24 points) while the more liquid Milanka index rose 0.47 […]
Sri Lanka Treasury chief backs free trade
Aug 31, 2010 (LBO) – Sri Lanka’s finance secretary, a key policy maker in the current administration has backed freer trade which can improve people’s liberties and propel the country on a higher growth path. Sri Lanka has seen flourishing free trade from during the times of ancient kings. Jayasundera said the country was looking […]
Sri Lanka inflation at 5.0-pct in August
Aug 31, 2010 (LBO) – Consumer prices in Sri Lanka’s capital Colombo rose 5. 0 percent in August 2010 from a year earlier, up from 4. 3 percent in July, the government’s statistics office said. The Colombo Consumer Price index increased 0. 5 percent during the month, against no growth in the month of July. […]
Sri Lanka stocks fall 0.6-pct
Aug 30, 2010 (LBO) – Sri Lanka stocks closed 0. 6 percent lower Monday amid retain and high net worth investor profit taking, brokers said. The benchmark Colombo All Share Index closed 33. 3 points lower at points at 5,600.77 and the Milanka Index of liquid stocks fell 35. 24 at 5,861.87 points. Aitken Spence […]
‘s consumer prices slide, unemployment falls
TOKYO, August 27, 2010 (AFP) – Japan’s consumer prices continued to slide while the unemployment rate fell for the first time in six months in July, the mixed data Friday illustrating the fragility of the country’s recovery. Japan’s core consumer price index fell 1.1 percent in July from a year earlier, government data showed, marking […]
Sri Lankan stocks close up 0.71-pct
Aug 27, 2010 (LBO) – Sri Lankan stocks closed the week at another record high and passed the 5,600 mark Friday, from price gains on fundamentally strong midcap shares, while newly listed PC House shares closed below the offer price, brokers said. The All Share Price Index closed at 5,634. 15, up 0.71 percent (39.85 […]
US should stay off further stimulus: John Taylor
Aug 26, 2010, Palo Alto (LBO) – Though US economic growth is ‘fizzling out’ there is unlikely to be a double dip recession and new ad hoc stimulus measures should be avoided to give a sense of stability for economic agents to act, a top monetary economist has said. “My own view is that for […]
Sri Lanka stocks close 0.20-pct up
Aug 26, 2010 (LBO) – Sri Lankan stocks closed slightly higher Thursday in somewhat choppy trading with some interest seen in financial sector shares and poultry firms, brokers said. Company earnings have improved in post-war Sri Lanka and leasing and motor firms are seen doing better as demand for vehicles increase while poultry firms are […]
Sri Lanka Treasuries yields slip
Aug 25, 2010 (LBO) – Sri Lanka’s Treasuries yield slipped between 10 to 19 percent on Wednesday, auction results released by the government’s debt office showed, following a 50 basis point rate cut on August 25. The 3-month yield fell 12 basis points to 7.28 percent, the 6-month yield fell 19 basis points to 3.1 […]