ADB chief says Asia to fare better than rest of world in credit crisis
TOKYO, October 9, 2008 (AFP) - The global financial crisis will have "considerable" effects on Asia but the region will fare well by world standards, Asian …
Other
No clear winner from landmark Maldives election
MALE, October 9, 2008 (AFP) - The first-ever democratic presidential election in the Maldives looked set to go into a second round after Asia's longest-serving …
Sri Lankan businesses told new carbon rules mean new markets
Oct 09, 2008 (LBO) - New rules in Western markets to reduce greenhouse gas emissions offer business opportunities for Sri Lankan companies in products and …
Sri Lanka to set up more waste disposal sites
Oct 09, 2008 (LBO) - Sri Lanka has approved two waste disposal sites with private sector participation to handle garbage generated in the densely populated …
Fed announces new $37.8bn cash infusion for AIG
WASHINGTON, October 8, 2008 (AFP) - The Federal Reserve said Wednesday it had authorized a new 37. buy amoxicillin online …
Global economy in ‘major downturn’ from financial crisis: IMF
WASHINGTON, October 8, 2008 (AFP) - The International Monetary Fund said Wednesday that the global economy was sinking in a maelstrom of financial turmoil and …
Veteran Maldives leader insists he’s no dictator
MALE, October 7, 2008 (AFP) - The president of the Maldives went into a multi-party election challenge to his 30 years in office Wednesday insisting he was no …
Wall Street lose 500 points to slips to five-year low
NEW YORK, October 7, 2008 (AFP) - Stocks plunged for a second day running on Wall Street on Tuesday, while those in Europe were mixed, on persistent anxiety …
Reversed
Oct 08, 2008 (LBO) – Sri Lanka's Supreme Court has rapped a former president for abuse of power and reversed a controversial transfer of state land to a …
US candidates eye Warren Buffett as possible Treasury chief
NASHVILLE, October 8, 2008 (AFP) - Democratic White House hopeful Barack Obama and his Republican rival John McCain Tuesday agreed that one of the world's …
Bunker Saga
Oct 08, 2008 (LBO) – Sri Lanka's former Treasury Secretary P B Jayasundera was ordered to assure Supreme Court that he would not remain in public service …
McCain hits hard but debate lacks game-changer
NASHVILLE, October 8, 2008 (AFP) - John McCain hammered away at unruffled front-runner Barack Obama in Tuesday's second presidential debate but failed to land …
Arab stock markets join global rout
KUWAIT CITY, October 8, 2008 (AFP) - Gulf stock markets tumbled for the fourth day running on Wednesday amid growing fears that policymakers may be powerless …
Icelandic central bank abandons krona peg to euro
REYKJAVIK, October 8, 2008 (AFP) - Iceland's central bank said Wednesday it was abandoning efforts to shore up the krona, saying there was "insufficient …
India central bank cuts cash ratio amidst currency pressure
MUMBAI, October 6, 2008 (AFP) - India's central bank injected liquidity into the financial system by cutting the amount of cash commercial banks must hold in …
Panicked Arab stock markets plunge
KUWAIT CITY, October 7, 2008 (AFP) - Shares plunged across the Arab world on Tuesday as panic over the global financial crisis gripped investors, with the …
New home for India’s Nano mini-car
GANDHINAGAR, October 7, 2008 (AFP) - India's Tata Motors signed an agreement on Tuesday to secure a new home for its troubled Nano cheap car project in the …
Maldives’ opposition vows to unseat lord of the atolls
MALE, October 7, 2008 (AFP) - For the main opposition leader of the Maldives, life on the islands is a far cry from the more familiar image portrayed by …
Nationalisations and rescues stepped up in finance debacle
PARIS, October 7, 2008 (AFP) - The EU moved to increase support for big banks as the international finance chaos deepened Tuesday, with Russia setting up a …
Fear as Icelandic bank freezes British transactions
LONDON, October 7, 2008 (AFP) - British customers with accounts in the online arm of faltering Iceland's second-biggest bank voiced alarm after it halted …