Category: World
Greek Banks extend daily limit on ATMs
July 09, 2015 (LBO) – The government of Greece has extended bank closures and a 66 US dollar daily limit on ATM withdrawals until Monday, Foreign Media reports said.The European Central Bank has decided not to increase support for Greek banks until the debt crisis is resolved, the report said. This is ahead of the […]
The NYSE resumes trading after technical failure; rejects reports of cyber attack
July 09, 2015 (LBO) – The New York Stock Exchange resumed its trading activities after the exchange facing a major technical failure that suspended trading on Wednesday afternoon.“The issue we are experiencing is an internal technical issue and is not the result of a cyber breach,” the NYSE said in a statement.“We chose to suspend […]
Chinese shares drop over 8-pct, amid regulators help
July 08, 2015 (LBO) – China’s main stock index, Shanghai Composite fell 8.2 percent at the start of trading Wednesday with the index dropping 4 percent to 3576.79, foreign media reports said. The smaller Shenzhen Composite fell 3.9 percent. The media report said, the slump came despite more moves by China’s regulators to try and […]
Greece referendum rejects reforms; Eurozone members to meet
July 06, 2015 (LBO) – European Commission after the result of the Greece referendum has called Eurozone members and the Heads of the EU institutions for an immediate discussion.Releasing a statement the European Commission said its President Jean-Claude Juncker will address the European Parliament in Strasbourg on Tuesday. “President Juncker is consulting tonight and tomorrow […]
Greece to default debt
June 30,2015 (LBO) – A senior government official of Greece has declared that Greece will not honor loan installment repayment of USD 1.8 falls due on Tuesday, media reports say. Analysts say this brings Greece a step closer to departure from Eurozone.Leaving the Eurozone is highly complicated, as the agreement that brought nations together to […]
Asia Misery Extended to European Markets
June 29,2015 (LBO) -The European markets fell sharply on Monday following the dramatic drop in Asia markets in earlier Monday, spooked by a possibility of Greece walking away from the debts.In France CAC40 fell by nearly 5%, in Germany DAX by 3% and in Britain FTSE 100 by 2.2%. The Greek debt crisis also hit […]
Sri Lanka’s FM invites Diaspora to return as dual citizens
June 12, 2015 (LBO) – Sri Lanka’s Foreign Minister Mangala Samaraweera on Thursday invited Sri Lankan diaspora to return to the island as dual citizens. “The Government of President Maithripala Sirisena realizes the true value of the diaspora community and welcomes all of you as our citizens,” Samaraweera said. “There is much that you can […]
US Internal Revenue Service hacked; 100,000 taxpayers data breached
May 27, 2015 (LBO) –The United States Internal Revenue Service announced Tuesday that it will be notifying taxpayers after third parties gained unauthorized access to information on about 100,000 accounts through an online application called “Get Transcript”.This data included Social Security information, date of birth and street address, the IRS said in a statement.“These third […]
China, India sign 24 agreements and MOUs
May 18, 2015 (LBO) – China and India signed 24 agreements and MOUs aimed at boosting cooperation in areas including railways, aerospace, mineral exploitation, marine science and vocational education, foreign media reported.The agreements were signed during the recently concluded Indian Prime Minister Narendra Modi’s visit to China.“The two neighbors agreed to strengthen cooperation in marine […]
US State Secretary John Kerry to arrive Sri Lanka on May 02
Apr 28, 2015 (LBO) – U.S. Secretary of State John Kerry will undertake an official visit to Sri Lanka from May 2-3, 2015, U.S. State Department said in a statement.The press statement issued by the U.S. State Department in this regard is appended below: SECRETARY KERRY TRAVEL TO COLOMBO, NAIROBI AND DJIBOUTI Press Statement Marie […]
South Korea unveils new measures to attract foreign tourists
SEOUL, July 15, 2010 (AFP) – South Korea Thursday unveiled new measures such as development of ecological attractions to attract more foreign tourists, especially from China. Six new quays for cruise ships will be created on the southern resort island of Jeju and in the western port city of Incheon and other coastal towns, the […]
Obama, McCain await judgment of history
WASHINGTON, November 5, 2008 (AFP) – Front-runner Barack Obama faced a tense wait Tuesday to see if millions of American voters would enshrine him as the first black president or whether Republican John McCain would mount a shock comeback.On a night of high drama, the presidential rivals were powerless as results started to pour in […]