Monthly Archives: November 2015

Sri Lankan shares fall to over 7-1/two mth closing low on price range worries

COLOMBO Nov 30 Sri Lankan shares fell to a far more than seven-and-a-half-month closing low on Monday, led by blue chips such as John Keells Holdings Plc and Commercial Bank of Ceylon Plc on worries earnings of economic firms would fall right after the new spending budget proposals announced were implemented.

The primary stock index ended .75 percent, or 52.26 points, weaker at 6,909.15, its lowest close because April ten.

“Nothing significantly is taking place with very low retail and high net worth investor participation,” said Dimantha Mathew, analysis manager at 1st Capital Equities (Pvt) Ltd.

“With the month-finish settlements, huge caps came down. With really low foreign participation, markets will continue to come down for the next few weeks until we see steady foreign inflows.”

Sri Lanka’s customer costs in November rose to 10-month higher of three.1 percent from a year earlier, the Division of Census and Statistics said on Monday.

Rating agency Fitch said on Tuesday that Sri Lanka’s 2016 spending budget gives no clear plan for fiscal consolidation more than the medium term and the absence of such a framework will put a lot more stress on the fiscal deficit.

“Fitch believes there are risks to government being in a position to meet its fiscal deficit target, specifically taking into consideration the trend in revenues in current years,” the rating agency mentioned.

The government on Nov. 20 announced a raft of methods, such as the removal of a .3 % share transaction levy, to stimulate trading in the share market and enhance liquidity.

Shares of conglomerate John Keells Holdings fell two.55 percent, while the country’s greatest listed lender, Commercial Bank of Ceylon, dropped three.24 % and Nestle Lanka Plc declined 1.63 percent.

Turnover was 754.four million rupees ($ 5.27 million), decrease than this year’s every day typical of 1.1 billion rupees.

Foreign investors, who have been net sellers of three.77 billion rupees worth of shares so far this year, purchased a net 34.27 million rupees worth of equities on Monday. ($ 1 = 143.2500 Sri Lankan rupees) (Reporting by Ranga Sirilal Editing by Subhranshu Sahu)

At NATO, Turkey defiant more than downing of Russian jet

World | Mon Nov 30, 2015 six:26am EST

BRUSSELS

BRUSSELS Turkey’s premier dismissed on Monday any suggestion that Ankara ought to apologize for shooting down a Russian warplane in its airspace last week, following winning powerful NATO help for the appropriate to defend itself.

“No country ought to ask us to apologize,” Prime Minister Ahmet Davutoglu told reporters following a meeting with NATO’s secretary general at the alliance headquarters in Brussels.

He also warned that such incidents continued to be a threat as extended as Russia and the U.S-led coalition bombing Islamic State in Syria worked separately.

(Reporting by Robin Emmott editing by Philip Blenkinsop)

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Agen Sabung Ayam

Vatican leaks trial postponed till Dec. 7 soon after defendant changes lawyer

VATICAN CITY A higher profile Vatican trial into the theft of confidential Holy See documents was postponed on Monday till Dec. 7 right after a single of the five defendants changed their lawyers, a court official stated.

The trial of a senior Spanish priest, his aide, an Italian consultant and two reporters opened final week and the court had hoped to reach a verdict before the start off of the Roman Catholic Holy Year, which kicks off on Dec. 8.

Nonetheless, PR consultant Francesca Chaouqui has hired a new lawyer, who asked the court for a lot more time to prepare her defense. The panel of three non-clerical judges hearing the case agreed to the request.

(Reporting by Antonio Denti Writing by Crispian Balmer Editing by Andrew Heavens)

Agen Sabung Ayam

Bryant to retire at end of season

Bryant has spent his complete career with the Lakers

5-time NBA champion Kobe Bryant, extensively regarded as a single of the greatest basketball players in history, will retire at the finish of the season.

Bryant has scored 32,683 points for the duration of a 20-year career with the LA Lakers to rank third on the NBA’s all-time list.