Category:
Iran lashes out at West, media over unrest
TEHRAN, June 21, 2009 (AFP) – Iran accused Britain and the United States on Sunday of meddling in its affairs, amid an international outcry over its crackdown on protests over the results of last week’s presidential election. It hammered home its message by ordering the expulsion of BBC correspondent Jon Leyne just two days after […]
Fed to keep printing despite rising commodity prices: analysts
WASHINGTON, June 21, 2009 (AFP) – A jittery bond market and economic “green shoots” notwithstanding, the Federal Reserve is likely to reaffirm a commitment to keep pumping money into the economy to battle recession, analysts say. The Federal Open Market Committee (FOMC) led by chairman Ben Bernanke is expected at a two-day meeting opening Tuesday […]
UN says two staff members arrested in Sri Lanka
June 20, 2009 (AFP) – The United Nations said on Sunday that two of its employees working among tens of thousands of war-displaced civilians had been arrested by Sri Lankan authorities.The two men, both ethnic Sri Lankan Tamils, were reported missing eight days ago and were subsequently discovered to have been taken into custody by […]
Stanford: the man who hit cricket (and banks) for six
WASHINGTON, June 19, 2009 (AFP) – Texan billionaire financier Allen Stanford has long had a love of luxury and the finer things in life, such as tropical islands, but he is also no stranger to controversy.When he unveiled his 20 million dollar winner takes all Twenty20 match between his Caribbean Superstars and England, many in […]
”’ Dilshan
LONDON, June 19, 2009 (AFP) – Sri Lanka skipper Kumar Sangakkara hailed Tillekaratne Dilshan as a “pioneer” on Friday after the opener hit an unbeaten 96 to lead his side past West Indies and into the World Twenty20 final. “To get three top order batsmen out is a great start.We have a great bowling attack, […]
Mathews, Dilshan see Sri Lanka into final
LONDON, June 19, 2009 (AFP) – Angelo Mathews’s astonishing first over treble strike and Tillekaratne Dilshan’s 96 not out helped see Sri Lanka into the World Twenty20 final with a 57-run win over the West Indies at the Oval Friday. Sri Lanka, the only unbeaten side still in the tournament, will face Pakistan – a […]
Sri Lankans are encouraged to be poor by politicians: minister
June 20, 2009 (LBO) – Politicians are responsible for killing the entrepreneur spirit of Sri Lankans by making them believe ‘capitalism’ is evil and poverty is better, a senior minister has said. Deng had originally studied and worked in France where he is said to have learned Marxism. Under his rule, very basic reforms ranging […]
Sri Lanka standby loan still not ready for board approval: IMF official
June 20, 2009 (LBO) – An International Monetary Fund loan for Sri Lanka is still not ready for approval for its executive board, an official said, though the country is rapidly emerging from a balance of payments crisis. Declining foreign reserves makes investors jittery and can trigger capital flight, while rising interests can cause banking […]
Sri Lanka sells 2-year bonds for US$115.8mn
June 19, 2009 (LBO) – Sri Lanka has sold bonds worth 115.8 million US dollars in an offer to roll over 50 million US dollars in 2-year bonds, raising 66 million US dollars in fresh funds, the government’s debt office said. The bonds were sold at a weighted average margin of 497 basis points above […]
Sri Lanka repays US$125mn in foreign loans
June 19, 2009 (LBO) – Sri Lanka has repaid 125 million US dollars from a dollar loan arranged by Standard Chartered Bank last year, as lenders exercised an option, Central Bank Governor Nivard Cabraal said. Under Sri Lanka’s monetary law, the Central Bank acts as ‘banker’ to the government.The government’s debt office is also a […]
Sri Lankan stocks up 8.9-pct over week, 63.5-pct in 2009
June 19, 2009 (LBO) – Sri Lankan stocks closed up 8.9 percent for the week Friday, up 63.5 percent for the year, with stronger foreign buying interest coming to the market, brokers said. The benchmark Colombo All Share Price Index closed up 1.99 percent (47.94 points) to end at 2,451.91 Friday while the Milanka index […]
Sri Lankan tea production falters in May
June 19, 2009 (LBO) – Sri Lanka’s tea production in May dropped 22.7 percent to 25.54 million kilos from a year ago owing to the effects of drought, a Tea Board official said. Tea production in the year to May was down 26.9 percent to 105.5 million kilos but a recovery is expected in the […]