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By Shihar Aneez COLOMBO, July 2 (Reuters) - Sri Lanka's foreign currency reserves have risen by over 23 percent in two months as funds flowed into the country after the end of its long war against the Tamil Tigers, the central bank governor said on Thursday. Sri Lanka in March sought a $1.9 billion International Monetary Fund (IMF) loan to avert a balance of payments crisis, after spending half its reserves defending the rupee and paying foreign investors who sold off treasury securities after the global downturn. But with the loan's approval tied up in political wrangling after the end of a 25-year war with the Tamil Tigers on May 18, the central bank has said the urgency for it is declining. 'The reserves are now at over $1.6 billion as of today and it is enough to finance more than two months of imports,' Ajith Nivard... [read full story]
By Sharon Kirkey , Canwest News Service November 22, 2009 1:02 PM Photograph by: Shaughn Butts, Edmonton Journal As public health officials urge more rapid use of antivirals for H1N1, some experts worry the drugs could become...
MARK HULBERT Gold timers very bullish The average gold timer is now more bullish than on each of the past four occasions in which the gold market has topped out, a worrying sign. Bezos' detractors said his free shipping deals...
Odierno: No Major Iraq Troop Withdrawals Before April « The Washington Independent : "Buried at the end of a New York Times piece is this rather significant declaration from Gen. Raymond Odierno, commander of U.S. troops in...
Sept 14, 2009 (LBO) - "Though services sector continues to be hurt by a slowdown in the export and import trade domestic agriculture growth other than tea has helped economic growth," statistics chief Suranjana Vidyaratne said....
