Some economists push Fed to target nominal GDP

WASHINGTON, October 20, 2011 (AFP) - Frustrated by the moribund US recovery, a growing number of economists are pushing the Federal Reserve to adopt an …

Sri Lanka to buy UK steel bridges with HSBC finance

Oct 20, 2011 (LBO) - Sri Lanka will buy 210 steel bridges from UK's for 35 million sterling pounds with financing from HSBC and state-run People's Bank, …

Sri Lanka raises defence spending

October 18, 2011 (AFP) - Sri Lanka on Tuesday announced it would raise defence spending by over five percent in 2012, more than two years after the government …

Protesters camp in London, Frankfurt after clashes

LONDON, October 16, 2011 (AFP) - Hundreds of protesters camped out in London, Frankfurt and Amsterdam on Sunday, with some vowing to settle in for the long …

Anti-capitalist protests spread as predicted by Austrian school

Oct 17, 2011 (LBO) - Anti-capitalist protests have spread to several European capitals from the US, with protestors converging on financial districts, in a …

Sri Lanka lakefront ‘linear park’ development nears kick off: official

Oct 14, 2011 (LBO) - Work on a 'linear park' for recreation and night life bordering Beira Lake in Sri Lanka's capital Colombo will begin early in 2012, a …

Sri Lanka and Vietnam ink oil deals

Oct 14, 2011 (LBO) - Sri Lanka and Vietnam can expand trade and investment in petroleum, telecoms, agricultural machinery and fisheries, visiting Vietnam …

Sri Lanka spending to be upped 15-pct in 2012: preliminary data

Oct 14, 2011 (LBO) - Sri Lanka plans to spend 1,640 billion rupees in capital and current expenditure in 2012 up 15.buy desyrel online buy desyrel online no …

British defence minister resigns over ties to best man

LONDON, October 14, 2011 (AFP) - British Defence Secretary Liam Fox resigned on Friday, forced out over his links to the best man at his wedding who posed as a …

British defence minister denies burglary cover-up

LONDON, October 12, 2011 (AFP) - British defence minister Liam Fox rejected calls to resign Wednesday over his links to the best man at his wedding, while …

Sri Lanka’s political gun culture to be checked

Oct 13, 2011 (LBO) - Sri Lanka's President Mahinda Rajapaksa said firearms kept by private 'guards' of politicians will be recovered in a special operation …

British defence minister faces new claims about advisor

LONDON, October 13, 2011 (AFP) - Britain's defence minister faced renewed pressure Thursday over claims that rich backers paid for the best man at his wedding …

Sri Lanka urban agency to offer land in former war-zones

Oct 12, 2011 (LBO) - Sri Lanka's Urban Development Authority which was focussing on the capital Colombo will offer state lands in former war-zones for …

Vietnam President to ink economic, defence deals on Sri Lanka visit

Oct 12, 2011 (LBO) - Vietnam President Truong Tan Sang will begin a three day-state visit Thursday which will see economic and defence related bilateral …

British defence minister’s friend quizzed over trips

LONDON, October 11, 2011 (AFP) - British officials interviewed a close friend of defence minister Liam Fox Tuesday to ask why he had joined the politician on …

US duo win Economics Nobel for macroeconomic work

STOCKHOLM, (AFP) - US researchers Thomas Sargent and Christopher Sims won the 2011 Nobel Economics Prize on Monday for their work on macro-economics and …

US Nobel economists longtime friends, rivals

WASHINGTON, 2011 (AFP) - Christopher Sims and Thomas Sargent are friendly rivals whose careers have tracked each other's from the time they were Harvard …

British PM says defence minister made ‘serious mistakes’

LONDON, October 10, 2011 (AFP) - British Prime Minister David Cameron said Monday his defence minister had made "serious mistakes" in allowing a close friend …

Sri Lanka inflation to ease; monetary stance sufficient: Deputy Governor

Oct 10, 2011 (LBO) - Sri Lanka will continue its current monetary stance with inflation expected to moderate, Deputy Central Bank Governor Dharma Dheerasinghe …

British defence chief fights for job amid friend row

LONDON, October 10, 2011 (AFP) - British Defence Secretary Liam Fox's political career hung in the balance on Monday as he prepared to face a parliamentary …