Sale of government bonds in Sri Lanka at interest rate of 5.875%

Source: Bloomberg
Sri Lanka sold USD1 billion of 10 year government bonds at an interest rate of 5.875%. The money received will be used to help boost the economy and there already are USD 10.5 billion of subscriptions. Furthermore, past debts could be repaid, the USD500 million of securities with an interest rate of 8.25% that were issued in 2007.
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Wed, 18 Jul 2012 11:42:17 GMT

European companies cut profit forecasts

Analysts predict European companies will earn much less in 2012. Macquarie strategist, Daniel McCormack, claimed earnings might drop by 10% this year. Profit forecasts are cut in the fastest pace since 2009. Citing analysts, 32 out of 50 companies, members of the Euro Stoxx 50 (SX5E), Eurozone Blue-chip index, might cut their estimated profit target for 2012. This already did such companies as Danone, SKF, Burberry,

Wed, 18 Jul 2012 15:15:16 GMT

Demand for construction services improves in the USA

The latest US readings published by the American Institute of Architects (AIA) on Wednesday, July 18, indicated improvement in construction activity in June. The changes are determined by architects' billing index (ABI) that shows the demand for construction services. Thus ABI gained 0.1% in June and stopped at 45.9. However, reading below 50 implies declined demand for such works. Although, the architects' service inquiries, not all

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