Tag: Rizqinofa

Justice Minister holds talks with BBS and Batticaloa monk

Rajapakshe said that during his meeting with the the Venerable Ampitiye Sumanarathana Thera, issues faced, not just by the Sinhalese but also by Tamils and Muslims in Batticaloa was discussed. (Colombo Gazette) Justice Minister Wijeyadasa Rajapakshe met the Bodu Bala Sena (BBS) and the Venerable Ampitiye Sumanarathana Thera of the Mangalaramaya Temple in Batticaloa today and discussed some concerns they have.Rajapakshe said he met the monks in order to resolve the issue at hand and ensure the reconciliation process is not harmed. General Secretary of Bodu Bala Sena the Venerable Galagodaaththe Gnanasara Thera said the talks were positive. Rajapakshe, meanwhile said that there are no minorities in the country as a whole and that it differs from district to district.He said that while in the Colombo district the Sinhalese are the majority, in Batticaloa the Tamils are the majority. He thanked the Minister for visiting Batticaloa to discuss the concerns the monks had. read more

Canadian dollar loses ground amid US interest rate concerns lower commodities

AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by Malcolm Morrison, The Canadian Press Posted Jul 15, 2014 6:46 am MDT Canadian dollar loses ground amid U.S. interest rate concerns, lower commodities TORONTO – The Canadian dollar closed lower a day before the Bank of Canada delivers its latest announcement on interest rates.The loonie was down 0.38 of a cent at 92.95 cents US.The central bank is universally expected to hold its key rate at one per cent, where it’s been since September 2010, as the global economy slowly recovers from the financial collapse of 2008 and the subsequent recession.Traders will be particularly interested in what the bank has to say about the economy and how conditions could be impacted by a stubbornly high Canadian dollar.“The BoC risk is that governor Poloz strikes a cautious tone, highlighting that a strong (currency) risks weighing on important economic fundamentals,” said Camilla Sutton, chief FX strategist and managing director of Scotiabank’s global banking and markets operations.Losses in the Canadian currency grew while the greenback strengthened as Federal Reserve chair Janet Yellen delivered testimony to Congressional committees on the economy and monetary policy.Yellen said in delivering the Fed’s semi-annual economic report to Congress that the economic recovery is not yet complete and the Fed intends to keep providing significant support. But she also said if labour market conditions continue to improve more quickly than anticipated, the Fed could raise its key short-term interest rate sooner than currently projected, the summer of 2015.The Fed’s semi-annual report to Congress also pointed out that some broad equity price indexes have increased to all-time highs in nominal terms since the end of 2013.It observed that “valuation metrics in some sectors do appear substantially stretched, particularly those for smaller firms in the social media and biotechnology industries.”On the economic calendar, data showed U.S. retail sales for June rose by 0.2 per cent, less than the 0.6 per cent gain that had been expected. Excluding autos, sales rose 0.4 per cent.Commodity prices were mixed with August crude on the New York Mercantile Exchange down 95 cents at US$99.96 a barrel.September copper was unchanged at US$3.25 a pound while August gold bullion fell $9.60 to US$1,297.10 an ounce. read more