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In Business
May 5, 2015 7:10 am gmt |
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1294
The Reserve Bank of Australia (RBA) has cut its interest rate by 25 basis points to an all-time low of 2%. Rising property prices in Australia’s biggest city, Sydney, a strong currency and a drop in iron ore prices are among the reasons for the cut. The cut is the second this year, following a ...
In Business
May 4, 2015 10:31 am gmt |
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2483
Emirates celebrates a milestone in its employee history in April 2015, with its cabin crew team crossing 20,000 staff. Instantly recognizable all around the world, Emirates cabin crew is a vibrant group that comprises over 135 nationalities that speak over 55 languages. The growth of the cabin crew t...
In Business
May 4, 2015 9:13 am gmt |
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2925
Etihad Airways has taken delivery of its second Airbus A380 from  Abu Dhabi to London Heathrow route on Friday, 1 May.  Etihad Airways’ newest aircraft, registered A6-APB, was delivered to the airline’s Abu Dhabi hub on 25 April and will operate the EY19 / EY20 rotation. Two of the airline’s three da...
In Business
May 4, 2015 8:57 am gmt |
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1310
A thirst for success that saw Tabitha Karanja put herself in the role of a David taking on a Goliath. The 50 year old is the founder and boss of the only large-scale brewery in Kenya actually owned by a Kenyan. Mrs Karanja, one of only a handful of female brewery owners across Africa, set up [&hellip...
In Business
May 4, 2015 6:26 am gmt |
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1411
The 10th edition of Annapoorna World of Food India, will be held on 14-16th September 2015 in Bombay Exhibition Centre, Mumbai, India.The National Chamber of Exporters of Sri Lanka (NCESL) through its Trade Promotions Unit is planning to participate in this exhibition. The event, organized by the Fed...
In Business
May 4, 2015 5:56 am gmt |
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1387
Following a disappointing run over the past several months, Bajaj Auto  delivered on its promise that sales would turn up soon, saying it had sold 3.36 lakh vehicles in April, compared to 2.5 lakh in March. Speaking at a  foreign media  press meet  Latha Venkatesh and Sonia Shenoy, S Ravikumar, Presi...
In Business
May 3, 2015 11:33 am gmt |
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1329
Warren Buffett on Saturday rejected the idea that Berkshire Hathaway Inc, a sprawling conglomerate he has built over 50 years, has grown so big that it is now too big to fail and requires tighter regulatory oversight. “There is no reason, in logic or in terms of what we’ve heard, to think...
In Business
May 3, 2015 10:18 am gmt |
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1479
Sudhakar Kondisetty, Spice Jet’s senior vice president for information technology, has quit, the second top executive to step down in less than one month after the new owner Ajay Singh came on board. The airline may see the exit of some more “highly-paid” executives in the coming months due to focus ...
In Business
May 3, 2015 9:15 am gmt |
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1342
When an athlete is great, he or she is called the Michael Jordan of his or her sport. When a new product launch is a disaster, it is called the “New Coke” of its industry. That negative association emerged 30 years ago Thursday, on April 23, 1985, when Coca-Cola Company announced a change...
In Business
May 2, 2015 8:40 am gmt |
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1391
HM Revenue and Customs is facing legal action over its failure to prosecute hundreds of British customers who used HSBC’s Swiss bank to evade tax. Online campaign group Avaaz, which claims 40 million members worldwide, has initiated judicial review proceedings against the UK tax office over its decis...
In Business
May 2, 2015 6:00 am gmt |
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1293
Ford Motor Co  said it was expanding a recall to include 156,000 more vehicles to fix a potential door latch malfunction. The recalls include certain Ford Fiesta, Fusion and Lincoln MKZ models. The company recalled about 390,000 of the three vehicle models in North America last week to fix the same i...
In Business
May 1, 2015 10:54 am gmt |
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1682
Sri Lankan Airlines has entered into a landmark code-sharing agreement with American Airlines, a press release from Sri Lankan Airline said. The release further said: The national flag carrier of Sri Lanka became part of one world on 1 May 2014 as the first airline from the Indian sub-continent to jo...
In Business
May 1, 2015 10:25 am gmt |
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1311
The company also said it expected to make between $670m (£436m) and $675m in the three months to June, less than the $718m that had been expected. It blamed the stronger US dollar and costs related to the purchase of the US online business Lynda. LinkedIn announced it was buying the company for $1.5b...
In America
May 1, 2015 10:01 am gmt |
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1412
American International Group Inc’s (AIG.N) first-quarter earnings fell slightly as low interest rates and weaker returns from alternative investments offset improvements in its commercial insurance business. The U.S. insurer also said on Thursday that it authorized the buyback of up to $3.5 bil...
In Business
April 30, 2015 9:09 am gmt |
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1288
Sri Lanka’s economy grew by 7.4% (Agriculture 0.3%, Industry 11.4%, service 6.5%) last year, according to the Annual Report of the Central Bank of Sri Lanka for the year 2014 which was launched today. This growth was mainly supported by the expansion in the Industry sector, which grew by 11.4 per cen...
In America
April 29, 2015 7:18 am gmt |
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1263
US President Barack Obama has hosted Japanese Prime Minister Shinzo Abe at the White House to showcase a deeper defence partnership between the two countries and advance a Pacific trade pact. Washington and Tokyo are working toward a 12-nation Trans-Pacific Partnership agreement that would further op...
In Business
April 29, 2015 5:20 am gmt |
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1365
Samsung had a very rough start to the year, but the company isn’t worried — after all, it’s got the Galaxy S6. The South Korean electronics giant reported Wednesday that net income tumbled 39% to 4.63 trillion won ($4.3 billion) in the quarter ended March compared to a year ago, whi...
In Business
April 29, 2015 5:06 am gmt |
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1337
The issue of Sri Lanka development bonds amounting to 50 million US dollars have been oversubscribed with 108.25 million US dollars of bids received from investors. The central bank has accepted 30.00 million US dollars of two year bonds at a rate of 6 month US dollars LIBOR plus a weighted average m...