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Sunday, 21 September 2008

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US financial crisis can hit Asia hard
Financial experts (from L) Yoon Je Cho of South Korea’s Sogang University, Charles Adams of the National University of Singapore and former International Monetary Fund (IMF) official and Chee Sung Lee, IMF Asia-Pacific regional director arrive at the Asian Development Bank (ADB) forum in Manila on Thursday to discuss the current turmoil in the international financial markets. Experts warned that Asia could get hit hard by the US financial crisis despite limited direct exposure to instruments linked to sub-prime mortgages. AFP
 

Lankan centre in Shanghai to boost bilateral economic ties

Sri Lanka’s Ambassador to the People’s Republic of China, Karunatilaka Amunugama has hailed the opening of the “Sri Lanka Centre” in Shanghai as another milestone in Sino-Lanka relations.

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US financial crisis; global recession deepens

The financial crisis in the United States which started with the crisis in the sub prime lending market, nearly a year ago deepened last week.

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