This new Churchill £5 note has bids on eBay for more than £10,000… here’s why you should check yours

This new Churchill £5 note has bids on eBay for more than £10,000… here’s why you should check yours

A new polymer £5 note with a serial number starting AA01 is currently attracting bids of more than £10,000 on auction site eBay, with two days to run on the sale. The £5 note being sold on eBay was flagged to us...
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Volkswagen set to plead guilty on Friday in emissions case

Volkswagen set to plead guilty on Friday in emissions case

Volkswagen AG is set to plead guilty on Friday to three felony counts in the Justice Department’s diesel emissions investigation, as the German automaker seeks to move past its cheating scandal. As part of a plea agreement with U.S. prosecutors...
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Asia stocks edge higher, dollar up before U.S. payrolls

Asia stocks edge higher, dollar up before U.S. payrolls

Asian stocks edged up and the dollar rose to 1-1/2-month highs versus the yen on Friday ahead of the U.S. non-farm payrolls report due later in the day. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS added 0.1 percent,...
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Sri Lanka’s economy grew 4.1-pct in third quarter

Sri Lanka’s economy grew 4.1-pct in third quarter

Sri Lanka’s economy grew 4.1 percent in the third quarter of 2016 with strong growth construction, a statement said. “During the third quarter of 2016, industrial activities recorded a significant increase in overall growth rate, at 6.8 percent, while the....
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Sri Lankan shares hit 2-wk closing low; blue chips weigh

Sri Lankan shares hit 2-wk closing low; blue chips weigh

Reuters – Sri Lankan shares closed at their lowest in two weeks on Wednesday as foreign investor outflows and losses in blue chips led by market heavyweight John Keells Holdings Plc weighed on sentiment. The Colombo stock index closed 0.4...
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Sri Lanka central bank keeps rates unchanged as expected

Sri Lanka central bank keeps rates unchanged as expected

Sri Lanka’s central bank kept its benchmark interest rates on hold on Monday, as expected, saying that its monetary policy stance remained appropriate as credit growth decelerated. The Central Bank of Sri Lanka, left the standing deposit facility rate (S...
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Sri Lankan shares fall to 3-mth low ahead of monetary policy

Sri Lankan shares fall to 3-mth low ahead of monetary policy

Sri Lankan shares ended Monday weaker at a three-month low in thin trade ahead of a monetary policy announcement by the central bank, as the prime minister’s plan for improving the investment climate failed to cheer the market. Sri Lanka’s...
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Sri Lankan government’s total debt exceeds Rs. 9,000 billion

Sri Lankan government’s total debt exceeds Rs. 9,000 billion

Total government debts have recorded a sum of Rs. 9,062.2 by the second quarter of 2016. While Rs. 5,391.1 billion from among this has been local borrowings, Rs. 3,671.1 billion has been foreign borrowings. Total loans to be repaid by...
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Commercial Bank’s Rs 5 billion debenture issue opens on 24th October

Commercial Bank’s Rs 5 billion debenture issue opens on 24th October

The Commercial Bank of Ceylon’s second issue of debentures for 2016 opens on Monday, 24th October. The Bank is seeking to raise Rs 5 billion with an option to increase it by a further Rs 2 billion to strengthen its...
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Asian Alliance General Insurance becomes part of the Fairfax Group

Asian Alliance General Insurance becomes part of the Fairfax Group

On 3 rd October 2016, subsequent to receiving the requisite regulatory approvals, Union Assurance General Limited (UAG) – a Fairfax Company, acquired 100% shares of Asian Alliance General Insurance Limited (AAGI). AAGI, was formerly a part of the Softl...
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