It will take more than Facebook to heat up the tepid market for initial public offerings. As conditions remain fragile, the backlog of public offerings has continued to grow. More than 200 US companies are now waiting to go public, the highest number in roughly a decade, according to Renaissance Capital, an advisory firm. Demand ...

PM’s and United Russia’s ratings falling Putin draws parallels with turmoil in Europe Says parliament majority needed to deal with crisis NOVO-OGARYOVO, Russia (Reuters): Vladimir Putin said on Thursday that if his party lost dominance of parliament in the Dec. 4 election, as a poll suggests, Russia could see Greek-style economic crisis and unrest. Prime ...

Fitch Ratings says in a newly published special report that credit growth in emerging markets (EMs) is likely to slow in 2012 due to the weaker global economic outlook, policy moves by EM authorities to prevent overheating and base effects. Banking systems in most EMs which experienced rapid credit growth in 2010-H111 remain sound. However, ...

Reuters) – The head of the International Monetary Fund warned on Wednesday that Europe’s debt crisis risked plunging the global economy into a “lost decade” and said it was up to rich nations to shoulder the burden of restoring growth and confidence. Christine Lagarde told

ST PETERSBURG, Russia, Nov 7 (Reuters) – Russia, holder of the world’s third largest foreign reserves, gave a vote of no confidence on Monday in Europe’s handling of its debt crisis as the head of the International Monetary Fund visited Moscow to seek support. Prime Minister Vladimir Putin faulted the construction of the euro zone’s ...

Reuters: New investors who have shown interest in Sri Lankan oil and gas exploration await the results of Cairn India’s drilling of a second well in the Mannar Basin before committing to anything, Sri Lanka’s Oil Minister said on Tuesday. Petroleum Industries Minister Susil Premajayantha confirmed that Russian gas export monopoly Gazprom, Malaysian State oil ...

Putin hails France, Germany euro bank support plan as “positive signal” Says US is taking “parasitic” advantage of dollar dominance By Gleb Bryanski BEIJING (Reuters): Russian Prime Minister Vladimir Putin said on Tuesday that the crisis-hit euro zone had enough resources to resolve its own troubles without support from Russia and fellow BRICs countries. As ...

In the previous two ‘My Views,’ the following five popular fallacies of appreciating the exchange rate were discussed: Fallacy One: A Government can fix the exchange rate at any level it wishes. Fallacy Two: An appreciated exchange rate is a symbol of a country’s strength and prestige. Fallacy Three: The appreciation of the exchange rate ...

LONDON(Reuters): World stock markets will recover next year from a nightmarish 2011 that has wiped trillions of dollars off share prices, according to a Reuters poll that showed almost all major stock indexes ending 2011 in the red. Darkening economic prospects and fears the euro zone debt crisis will unravel into financial catastrophe sent global ...

Justice and fair-play is paramount Justice and fair-play are of paramount importance to all members of the world family consisting of 193 nations expecting justice and fair-play equally. It is the principle on which the United Nations was established in place of the less-effective League of Nations, in order to settle differences among nations based ...

The gem mining sub-sector grew by 7.9% in 2010. The gem and jewellery exports too reported 1.56% positive growth in 2010. Even in the first-half of 2011, increased earnings from mineral exports were led by higher exports of gems which increased by 35.5% in the first half of 2011, according to the Central Bank. The ...

It’s strange how the innovations of the world tend to wrap around our daily life. One of them is the brand Facebook. I have been trying to locate a friend of mine for the last 12 years and failed, until I used a modern IT application like FB and today I realise the power of ...

Eshana De Silva, the Chairman of the Esna Group of Companies and Shermans Logistics has been officially appointed as the Honorary Consul to Kazakhstan. De Silva is also a Director of Pan Asia Bank, Mc Marine and functions as a board member of the Board of Investment (BOI) and the Sri Lanka Ports Authority (SLPA). ...

Manila (Reuters): Bumper sugar harvests in Thailand, India and the Philippines are tilting the global balance into surplus, sparking fierce competition and piling pressure on prices as fears over a slowdown in the world economy knocked futures off highs. New York raw sugar futures SBc1 have slid

by M.D. Nalapat That old habits die hard is clear from the way in which the functionaries of the European Union seek to influence the developing economies on the best way to manage their nations. And woe betide those leaders...

By Malathi De Alwis On 18 May 2009, Sri Lanka officially declared the end of a 30-year civil war fought between. Sri Lankan government forces (GoSL) and Tamil militants, namely the Liberation Tigers of Tamil Elam (LTTE). Such a sea...

by Ranil Wickremesinghe By the 4th century BC, Asia had begun its first cycle of economic growth and power. This was the reason why Alexander the Great decided to travel eastward to establish an empire. At that time there was...

By Anusha Ondaatjie and David Yong Sri Lanka received more than $6 billion of orders for its global sale of $1 billion in government debt, according to an official, who asked not to be identified because the details have yet...