US in recession since December 2007: official panel
WASHINGTON, December 2, 2008 (AFP) - A US recession began in December 2007, a panel of economists charged with the official designation of business cycles said …
Economy & Markets
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Sri Lanka monsoon floods affect 370,000: UN
GENEVA, December 2, 2008 (AFP) - Monsoon floods in the north of Sri Lanka have affected more than 370,000 people, with 71,000 being displaced, the United …
Sri Lanka shares resume slide, Ceylinco Insurance boosts trading volumes
Dec 01, 2008 (LBO) - Sri Lankan shares resumed their downward march Monday after two days of marginal gains last week, with a large transaction in Ceylinco …
Sri Lanka EPF under fire at 50 years, calls for independent management
Nov 30, 2008 (LBO) - Calls for independent management for Sri Lanka's state-managed Employees Provident Fund are gaining more support, with less than half of …
Sri Lanka should stop intervention before it is too late: economist
Nov 29, 2008 (LBO) – Sri Lanka should stop a self-destructive sterilized intervention cycle of the national currency and move to stabilize the economy, …
Floods drive 231,000 from their homes in Sri Lanka
November 27, 2008 (AFP) - At least two government soldiers drowned and more than 230,000 civilians were driven from their homes in Sri Lanka's embattled north …
Sri Lanka November inflation falls to 16.3-pct
Nov 28, 2008 (LBO) – Consumer inflation in Sri Lanka's capital Colombo fell to 16.3 percent in November from 20.2 percent in October, while prices fell …
Sri Lanka shares rise marginally, Distilleries boosts trading volumes
Nov 28, 2008 (LBO) - Sri Lankan share prices ended slightly firmer Friday, with volumes pushed higher by large trades in Distilleries Company but concerns over …
Sri Lanka should be prepared for a prolonged external slowdown: interview
Nov 27, 2008 (LBO) – Sri Lanka should be prepared for a prolonged external slowdown as the world recovers from excessive debt brought on by paper money …
Sri Lanka shares rise, gains seen short-lived
Nov 27, 2008 (LBO) - Sri Lankan share prices rose Thursday, breaking a long slide but brokers said the gains could be short-lived given the negative investor …
Sri Lanka shares slide, trading thin
Nov 26, 2008 (LBO) - The slide in Sri Lankan stocks picked up momentum slightly Wednesday, although volumes remained thin with the indices dragged down by …
Sri Lanka clamps down on last minute spending
Nov 26, 2008 (LBO) - Sri Lanka has clamped down on new spending, with the Treasury asking government departments to freeze new capital projects and current …
Sri Lanka cuts reserve ratio to 7.75-pct
Nov 25, 2008 (LBO) – Sri Lanka has cut its statutory reserve ratio for commercial banks from 9.25 percent to 7.75 percent, releasing 17 billion rupees in …
Sri Lanka shares slide, Dialog actively traded
Nov 25, 2008 (LBO) - Sri Lankan stocks sank further Tuesday on thin volumes with active trading in Dialog Telekom, a market heavyweight which recently posted …
Sri Lanka shares head down, ignore battlefield gains
Nov 24, 2008 (LBO) - Sri Lankan stocks began the week on a dreary note with the market continuing its downward march Monday on low trading volumes and brokers …
Sri Lanka injects term money at lower rates; CB bill stock Rs109bn
Nov 24, 2008 (LBO) - Sri Lanka's central bank has printed and injected money up to nine months at rates lower than its penal discount window to sterilize …
Gulf shares slump despite government moves
KUWAIT CITY, November 23, 2008 (AFP) - Most stock markets in the energy-rich Gulf slumped on the week's opener Sunday as intervention by governments failed to …
Sri Lanka state bank raises Rs4.2bn from bonds
Nov 24, 2008 (LBO) - Sri Lanka's state-run Bank of Ceylon has raised 4. buy ocuflox online …
China, India rising, but face bumpy ride: intelligence forecast
WASHINGTON, November 22, 2008 (AFP) - A new US intelligence forecast identifies China and India as rising heavyweights in a coming multi-polar world but says …
Obama readies economic team with New York Fed boss tipped for Treasury secy
WASHINGTON, November 22, 2008 (AFP) - The economic team of US president-elect Barack Obama came into view Friday as fears mounted on the global financial …