Sri Lanka’s old man Jayasuriya, newboy Mendis lead team to victory
TORONTO, October 13, 2008 (AFP) - Veteran Sanath Jayasuriya, with his trademark big-hitting, and newboy Ajantha Mendis, delving into his bag of bewildering …
US financial system headed to intensive care: Volcker
SINGAPORE, October 14, 2008 (AFP) - The US financial system is already in the emergency ward and will move into intensive care, Paul Volcker, former chairman …
Nobel winner Krugman on crisis: ‘I should have seen it coming’
WASHINGTON, October 14, 2008 (AFP) - Paul Krugman, winner of the 2008 Nobel Prize for economics, said Monday in an interview with National Public Radio (NPR) …
Sri Lanka shares rebound, trading thin
Oct 13, 2008 (LBO) - Sri Lankan shares rebounded Monday, lifted by blue chips, on a temporary recovery of confidence as global bailout plans saw overseas …
More Liquidity
Oct 13, 2008 (LBO) – Sri Lanka's central bank has cut the reserve requirement of commercial banks from 10 percent to 9.25 percent, and further relaxed …
Bagged
Oct 13, 2008 (LBO) – Sri Lanka's Supreme Court has halted a recent practice by the island's top retail chains to charge for plastic bags, and ordered …
Sri Lanka rubber prices fall amid collapsing commodity bubble
Oct 13, 2008 (LBO) – A collapsing global commodity bubble, falling demand from industrialised countries and lower oil prices have caused Sri Lankan …
US to buy stakes in ‘broad array’ of banks: Treasury
WASHINGTON, October 13, 2008 (AFP) - The United States is ready to buy equity in a "broad array" of financial institutions, the Treasury's pointman on a 700 …
Germany to unveil 470 bln euro bank rescue package: sources
BERLIN, October 13, 2008 (AFP) - Germany was to unveil Monday a 470-billion-euro rescue package to save the country's banks from collapse, government sources …
South Korea eases rules on investment in banks amid crisis
SEOUL, October 13, 2008 (AFP) - South Korea's government said Monday it will allow conglomerates and other non-banking firms to buy a bigger stake in local …
Global financial crisis will hit army of overseas Filipino workers
MANILA, October 13, 2008 (AFP) - There are few countries in the world where you will not find a Filipino worker. online pharmacy buy strattera with best prices …
Morgan Stanley struggling with Mitsubishi UFJ capital injection: report
NEW YORK, October 13, 2008 (AFP) - US banking giant Morgan Stanley on Sunday was trying to salvage a nine-billion-dollar deal to sell 21 percent of its capital …
Sri Lanka Tamil Tigers may be formally outlawed, says Australia
SYDNEY, October 13, 2008 (AFP) - Australia is considering formally declaring Sri Lanka's separatist Tamil Tigers a terrorist group, Foreign Minister Stephen …
Sri Lanka World Bank office clarifies SEC job
Oct 13, 2008 (LBO) – Sri Lanka's World Bank office says the spouse of country director has been hired by the island's securities watchdog by a …
Sri Lanka relies on hard drinkers to raise tax revenue
Oct 13, 2008 (LBO) - Sri Lanka's government hopes to raise an additional two billion rupees a year in tax revenue through a recent increase in excise tax, a …
Britain calls for new world monetary order
LONDON, October 13, 2008 (AFP) - World leaders must meet to agree a new Bretton Woods system, Prime Minister Gordon Brown said on Monday, referring to the …
EU, IMF to help Hungary after forint slumps
BRUSSELS, October 13, 2008 (AFP) - The European Union and IMF stand read to help Hungary's government with financial support if needed after its currency, the …
Sri Lanka elephant gathering wows visitors
MINNERIYA, Sri Lanka, (AFP) - As evening falls, a female elephant and her pink-skinned baby emerge from the jungle for a leafy snack around an ancient …
Bad Moods
SINGAPORE, October 12, 2008 (AFP) - As the global financial storm blows fear through Asia's stock markets, Filipino maid Christy Arciaga is jittery -- even …
European finance crisis summit opens in Paris
PARIS, October 12, 2008 (AFP) - European leaders opened a summit in Paris on Sunday to try to agree on decisive measures to confront the global financial …