World leaders urge monetary reforms as gloom deepens
BEIJING, October 25, 2008 (AFP) - World leaders called for an urgent overhaul of international financial systems after another day of steep stock market falls …
Economy & Markets
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Sri Lanka central bank calms forex markets as treasuries stock rockets to Rs59bn
Oct 24, 2008 (LBO) – Sri Lanka's central bank says it is ready to accommodate additional foreign currency outflows from foreign bond holders even as …
Sri Lanka stocks pull back but trading dries up
Oct 24, 2008 (LBO) - The deep slide in Sri Lankan shares halted Friday with prices pulling back slightly but trading slumped to just 69.6 million rupees, …
Mexico peso sinks to new low against dollar
MEXICO CITY, October 22, 2008 (AFP) - Mexico's peso changed hands at 13. buy amoxicillin online …
Sri Lanka stocks plunge, foreign selling weakens sentiment
Oct 23, 2008 (LBO) - The slide in Sri Lankan shares deepened Thursday with the indices dragged down by sharp falls in blue chips as brokers said foreign …
Sri Lanka stocks extend losses; Pramuka sells LB Finance stake
Oct 22, 2008 (LBO) - Sri Lanka stocks closed 1.2 percent lower with index heavy stocks sliding , Wednesday on the back of a 2. buy symbicort inhaler online …
Sri Lanka bonds spike, bills rejected amid heavy forex interventions
Oct 22, 2008 (LBO) - Sri Lanka rejected an entire Treasury bill auction Wednesday while the yield of a bond popular among foreign investors spiked and heavy …
Fed chief backs US spending plan as markets clutch at latest straw
WASHINGTON, October 21, 2008 (AFP) - The head of the US Federal Reserve backed a stimulus plan for the flagging American economy, buoying stock markets despite …
Sri Lanka stocks slide gathers momentum
Oct 21, 2008 (LBO) - The slide in Sri Lankan shares deepened Tuesday with sharp falls in blue chips and trading volumes increasing, brokers said. online …
Sri Lanka central bank says inflation will fall till November
Oct 20, 2008 (LBO) – Sri Lanka's central bank says consumer inflation, which fell to 24.3 percent in September, will continue to fall till November in …
Sri Lanka stocks tumble, Dialog block changes hands
Oct 20, 2008 (LBO) - Sri Lankan shares fell over 1.5 percent Monday with large trades in blue chips as fears remained that foreign investors might sell and put …
Forum set up to promote security of US ventures in Asia
WASHINGTON, October 19, 2008 (AFP) - The United States is to launch a forum to promote security of largely American businesses in Asia amid concerns on issues …
Sri Lanka central bank reserve outflow continues; bill stock spikes to Rs40bn
Oct 19, 2008 (LBO) – The treasury bills portfolio of Sri Lanka's central bank topped 40 billion rupees (370 million US dollars) by mid-October, according …
Recession fears haunt commodity markets
LONDON, October 17, 2008 (AFP) - World commodity prices tumbled this week, with oil striking a 17-month low point under 66 dollars a barrel in London, as fears …
Sri Lanka’s LIOC draws interest as share trading dries up
Oct 17, 2008 (LBO) - Sri Lankan shares ended almost flat after fluctuating in thin trading Friday with petroleum retailer Lanka Indian Oil Corp (LIOC) drawing …
Asia should consider bank guarantees in current turmoil: IMF
WASHINGTON, October 17, 2008 (AFP) - Asian economies may have to consider guaranteeing bank deposits as a defensive option against global market turmoil …
Sri Lanka urged to promote local business in eastern revival
Oct 17, 2008 (LBO) - An international conflict watchdog has urged the Sri Lankan government to ensure greater fairness and preference to local businesses in …
Sri Lanka shares slump as global markets retreat
Oct 16, 2008 (LBO) - Sri Lankan shares slumped on low trading volumes Thursday after two days of gains with investors apparently unnerved by sharp falls in …
Sri Lanka Bank of Ceylon sells 5-year 19-pct bonds
Oct 16, 2008 (LBO) - Sri Lanka's state run Bank of Ceylon is selling three billion rupees worth 5-year 19 percent stock exchange listed bonds, with options of …
Sri Lanka’s emerging middle class spend more on convenience
Oct 16, 2008 (LBO) - Changing Sri Lankan middle class consumer habits and inflation reducing spending power is forcing consumer goods marketers to change …