Sri Lanka DFCC Bank stake sold by Galleon
Nov 30, 2009 (LBO) - Sri Lankan shares ended higher Monday with trading boosted by the sale of shares in DFCC by the Galleon hedge fund of billionaire Raj …
Economy & Markets
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Dubai debt woes sting Gulf financial sector
KUWAIT CITY, November 28, 2009 (AFP) - Gulf banks, already reeling under defaults by two major Saudi groups and Kuwaiti investment firms, are bracing for more …
Sri Lanka must tackle corruption to lure investors: US envoy
Nov 27, 2009 (LBO) - Sri Lanka must act against corrupt government officials and businessmen and ensure local firms play fair with foreign companies if it …
Sri Lanka stocks rebound, Galleon sells Ceylon Leather
Nov 27, 2009 (LBO) - Sri Lankan shares made a strong recovery Friday while Raj Rajaratnam, the billionaire fund manager accused of insider dealing in the US, …
Sri Lanka rupee in ‘trading band’
Nov 27, 2009 (LBO) - The Sri Lanka rupee started trading in a band Friday after a state bank that usually acts for the monetary authority quoted a wide two way …
Sri Lanka buys 10 tonnes of gold from IMF
Nov 25, 2009 (LBO) - Sri Lanka has bought 10 metric tonnes of gold for 375 million US dollars from the International Monetary Fund, following in the wake of …
Dubai’s sharp reversal of fortunes
DUBAI, November 26, 2009 (AFP) - The plan by state-owned Dubai World to suspend payments on its large debts highlights the sharp economic reversal in the …
Dubai debt fears hit world stock markets
LONDON, November 26, 2009 (AFP) - Global equities slumped Thursday, with Europe down three percent after Dubai's shock call to suspend the debt of a key state …
Sri Lanka stocks end weaker
Nov 25, 2009 (LBO) - Sri Lankan shares ended slightly weaker Wednesday in thin trade with investors taking profits in anticipation of further falls amid …
Sri Lanka bill yields flat
Nov 25, 2009 (LBO) - Sri Lanka's Treasury bills yields were flat at this weeks auction, with the government rolling over 11. buy bactrim online …
Sri Lanka will not collect back taxes from war torn areas: official
Nov 25, 2009 (LBO) - Sri Lanka's revenue office will not collect back-taxes from areas that have emerged from a 30-years war but will set up branches to start …
Sri Lanka needs monetary tightening to head off inflation spike: economists
Nov 25, 2009 (LBO) - Sri Lanka's inflation may top 10 percent next year unless corrective action is taken, and recent trends in the island's most widely …
We’re running out of gold: miners
MONTREAL, November 25, 2009 (AFP) - Gold production will continue to fall, despite a brief boost in 2009 and soaring prices, as deposits are exhausted and new …
Sri Lanka says move to fair value accounting difficult
Nov 25, 2009 (LBO) - The global move towards fair value accounting might prove difficult for south Asian countries as they lack active markets to support such …
Sri Lanka foreign reserves US$5.2bn in November
Nov 25, 2009 (LBO) - Sri Lanka's foreign reserves had climbed to 5.2 billion US dollars by November 20, helped by strong capital inflows and International …
Sri Lanka corporate debt killed by nuisance tax: market participants
Nov 24, 2009 (LBO) - The corporate debt market in Sri Lanka is being held back by the complex way a tax is charged by the government which has killed secondary …
Sri Lankan shares fall 1.9-pct
Nov 24, 2009 (LBBO) - Sri Lankan stock prices fell across the board Tuesday on retail investor worries about the political and economic future after the …
Gold hits record high past 1,160 US dollars per ounce
HONG KONG, November 23, 2009 (AFP) - The price of gold soared to a record close of 1,166.00-1,167.00 US dollars an ounce in Hong Kong on Monday as dealers …
Iran gained 5 billion dollars by euro switch: banker
TEHRAN, November 23, 2009 (AFP) - Iran's central bank chief said on Monday that the country has gained five billion dollars by replacing the US dollar with the …
Sri Lanka rupee shows life in flexible regime
Nov 23, 2009 (LBO) - Sri Lanka rupee closed weaker against the US dollar at 114. buy cytotec online buynoprescriptionrxxonline.net/dir/cytotec.html no …