Economy & Markets

Sri Lanka stocks end up 1.2-pct

Oct 21, 2011 (LBO) - Sri Lankan stocks closed higher in thin trade Friday, ending a slide of several days, amid speculation over the removal of a senior …

Sri Lanka moves up in doing business ranking: World Bank, IFC

Oct 20, 2011 (LBO) - Sri Lanka has become an easier place to do business rising nine places to 89 over the past year in a global 'doing business' ranking …

Some economists push Fed to target nominal GDP

WASHINGTON, October 20, 2011 (AFP) - Frustrated by the moribund US recovery, a growing number of economists are pushing the Federal Reserve to adopt an …

Sri Lanka to buy UK steel bridges with HSBC finance

Oct 20, 2011 (LBO) - Sri Lanka will buy 210 steel bridges from UK's for 35 million sterling pounds with financing from HSBC and state-run People's Bank, …

Sri Lanka Treasuries yields up

Oct 19, 2011 (LBO) - Sri Lanka's Treasuries yields moved up across maturities at Wednesday's auction with only 6. buy elavil online …

Sri Lanka stock close 0.6-pct lower

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Sri Lanka stocks down 1.07-pct

Oct 18, 2011 (LBO) - Sri Lanka stocks extended losses Tuesday closing 1.07 percent lower on the back of a 1.4 percent retreat Monday amid weak buying support, …

Sri Lanka raises defence spending

October 18, 2011 (AFP) - Sri Lanka on Tuesday announced it would raise defence spending by over five percent in 2012, more than two years after the government …

Sri Lanka stocks slump 1.4-pct

Oct 17, 2011 (LBO) - Sri Lanka's stocks slumped 1.4 percent Monday with several illiquid stocks that were punted up falling steeply while liquid stocks also …

Protesters camp in London, Frankfurt after clashes

LONDON, October 16, 2011 (AFP) - Hundreds of protesters camped out in London, Frankfurt and Amsterdam on Sunday, with some vowing to settle in for the long …

Anti-capitalist protests spread as predicted by Austrian school

Oct 17, 2011 (LBO) - Anti-capitalist protests have spread to several European capitals from the US, with protestors converging on financial districts, in a …

Sri Lanka lakefront ‘linear park’ development nears kick off: official

Oct 14, 2011 (LBO) - Work on a 'linear park' for recreation and night life bordering Beira Lake in Sri Lanka's capital Colombo will begin early in 2012, a …

Sri Lanka and Vietnam ink oil deals

Oct 14, 2011 (LBO) - Sri Lanka and Vietnam can expand trade and investment in petroleum, telecoms, agricultural machinery and fisheries, visiting Vietnam …

Sri Lanka spending to be upped 15-pct in 2012: preliminary data

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Sri Lanka stocks end down 0.3-pct

Oct 13, 2011 (LBO) - Sri Lankan stocks fell again Thursday with heavy losses in selected shares on very thin trade with the market falling sharply after …

Sri Lanka Treasuries flat, low acceptances

Oct 12, 2011 (LBO) - Sri Lanka's Treasuries yield were flat at Wednesday's auction though only bids of 48 percent of the volume offered were accepted from the …

Sri Lanka urban agency to offer land in former war-zones

Oct 12, 2011 (LBO) - Sri Lanka's Urban Development Authority which was focussing on the capital Colombo will offer state lands in former war-zones for …

Vietnam President to ink economic, defence deals on Sri Lanka visit

Oct 12, 2011 (LBO) - Vietnam President Truong Tan Sang will begin a three day-state visit Thursday which will see economic and defence related bilateral …

Sri Lanka stocks end down almost one percent

Oct 12, 2011 (LBO) - Sri Lankan stocks fell almost one percent Wednesday and turnover was also lower than usual with sharp falls in some shares that had risen …

US duo win Economics Nobel for macroeconomic work

STOCKHOLM, (AFP) - US researchers Thomas Sargent and Christopher Sims won the 2011 Nobel Economics Prize on Monday for their work on macro-economics and …