With US in crisis, global economy in peril: IMF
WASHINGTON, April 8, 2008 (AFP) - The global economic outlook is increasingly grim with the United States mired in a recession from a housing meltdown whose …
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Boardroom Behaviour
April 10, 2008 (LBO) – Sri Lanka's top state legal advisor has told company directors not to be mere 'rubber stamps' but to act independently and in the …
Oil spike, aircraft cost bring down Hong Kong budget airline
HONG KONG, April 10, 2008 (AFP) - Soaring fuel costs and a decision to buy aircraft instead of renting them led to the demise of budget Hong Kong airline …
Singapore’s economy speeds up in Q1: government
SINGAPORE, April 10, 2008 (AFP) - Singapore's economy grew an annual 7. online pharmacy buy spiriva inhaler with best prices today in the USA 2 percent in the …
Prawn sandwich destroys Philippines fish nurseries: expert
MANILA, April 10, 2008 (AFP) - She helped turn many of the world's prawn farmers into millionaires, but Jurgenne Primavera now worries that her life's work …
US mortgage crisis may cost 945 bln dlrs worldwide: IMF
WASHINGTON, April 8, 2008 (AFP) - The International Monetary Fund said Tuesday the worldwide losses stemming from the US subprime mortgage crisis could hit 945 …
Sri Lanka blood youngsters in ODI series against Windies
PORT OF SPAIN, Trinidad, April 9, 2008 (AFP) - Sri Lanka will use the three-match one-day international series against West Indies which opens here on Thursday …
Fed staff see first half economic ‘contraction’
WASHINGTON, April 8, 2008 (AFP) - Federal Reserve staff predict the US economy will contract in the first half of 2008 amid worsening housing market and credit …
Pound falls to historic low against euro
LONDON, April 9, 2008 (AFP) - The pound fell to a historic low point against the euro in early trading on Wednesday as the Bank of England prepared to begin a …
Surging Gulf inflation burns up foreign workers’ earnings
DUBAI, April 9, 2008 (AFP) - Foreign workers making up the bulk of the labour force in the robust Gulf economies are feeling the crunch of rocketing prices and …
‘Unprecedented’ volatility in financial markets: French bank chief
HONG KONG, April 8, 2008 (AFP) - The world's financial markets remain "exceptionally volatile" due to the subprime credit crisis, the chief executive of …
Zimbabwe’s opposition approved to pursue legal action on polls results
HARARE, April 8, 2008 (AFP) - Zimbabwe's opposition was Tuesday given the green light to pursue a legal bid to force a declaration of the country's …
Sri Lanka captain says batting meltdown hurt chances
PORT OF SPAIN, Trinidad, April 7, 2008 (AFP) - Sri Lanka captain Mahela Jayawardene has identified his side's batting meltdown early in their second innings as …
Gulf countries want single currency target as dollar peg inflation goes up
DOHA, April 6, 2008 (AFP) - Gulf central bank chiefs decided on Sunday to stick to their target date of 2010 for a single currency and did not discuss …
Victorious Windies deny Sri Lanka Test sweep
PORT OF SPAIN, Trinidad, April 6, 2008 (AFP) - Sri Lanka failed in their bid to win a Test series in the Caribbean for the first time when Ramnaresh Sarwan and …
Crisis, what crisis? say Swiss financiers amid UBS woes
GENEVA, April 6, 2008 (AFP) - Swiss ministers and financiers are striving to reassure markets and citizens there is no banking crisis even as the once-mighty …
Samaraweera century put Sri Lanka back in game
PORT OF SPAIN, Trinidad, April 5, 2008 (AFP) - Thilan Samaraweera hit his sixth Test hundred and shared a century seventh-wicket stand with Chaminda Vaas to …
Japan’s major banks begin to show sub-prime losses
TOKYO, April 5, 2008 (AFP) - Combined net profit at Japan's six major banks is estimated to have dropped more than 40 percent for the year to March 2008, …
Tough road lies ahead for global climate deal
BANGKOK, April 5, 2008 (AFP) - There have been numerous disagreements during a week of intense climate change talks in Bangkok but there is one point all sides …
Kenyans say jumbo coalition cabinet a colossal waste
NAIROBI, April 4, 2008 (AFP) - Kenyan papers and political watchdogs Friday criticised the size of a coalition cabinet announced a day earlier, saying 40 …