Sri Lanka Cabinet Reshuffled After Poll Defeat

President Maithripala Sirisena reshuffled the cabinet in Sri Lanka for the second time since forming a unity government in 2015 after its two main coalition partners were defeated in local government elections. Sirisena announced changes to six cabinet ministers, three state ministers and one deputy
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News Corp NWS -2.76% reported a 3% rise in revenue for the December quarter, led by continued growth in its digital real estate unit, while weakness in the advertising business weighed on the news and information services segment. For the quarter, the company reported a net loss of $84 million,
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FRANKFURT (Reuters) – U.S. carmaker Ford (F.N) has applied for a banking licence in Germany to ensure its car financing business can continue on the … Frankfurter Allgemeine Zeitung (FAZ) reported, adding Ford was looking to hire about a dozen extra staff as part of the expanded banking business.
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Amid continued volatility and worries about rising interest rates, the S&P 500 and Dow Jones Industrial Average both entered correction territory on Thursday—closing down 10% from the all-time highs that each hit roughly two weeks earlier. For the day, the 30 stocks in the Dow shed 4% or 1,032 points
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Hurricanes Drive Up 60-Day and 90-Day Delinquencies. WASHINGTON, D.C. (February 8, 2018) – The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 5.17 percent of all loans outstanding at the end of the fourth quarter of 2017.
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Tommy Pham had a breakout 128 games for the St. Louis Cardinals in 2017, and now he is the centerpiece for the 2018 lineup. That may not last all that long. It is always difficult to trust a follow-up to an excellent year, and Tommy Pham's case is no different. The soon-to-be-30-year-old St. Louis
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Mortgage rates continued higher today, bringing the average 30yr fixed rate to another new multi-year high. That said, rates may vary quite a bit from lender to lender for several reasons. First, intraday volatility is back with a vengeance. For much of 2017, lenders were less likely to change rates in the
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LONDON, Feb 8 (Reuters) – Global banking rules should focus only on cross-border banks to avoid burdening local lenders and help reduce populist backlash against globalisation, Bundesbank board member Andreas Dombret said on Thursday. Dombret is Germany's representative on the Basel
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The Senate Banking Committee narrowly approved President Trump's nomination of Carnegie Mellon University Professor Marvin Goodfriend to sit on the Federal Reserve Board. The 13-12 vote along party lines means his confirmation is up for grabs in the full Senate, where it's unclear whether
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Quadrant Capital Management LLC boosted its stake in shares of American International Group Inc (NYSE:AIG) by 1.9% during the 4th quarter, according … Keefe, Bruyette & Woods reissued a “buy” rating and issued a $74.00 price target on shares of American International Group in a research note on
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With rates rising, mortgage volumes are flat: The Mortgage Bankers Association reported less than a 1 percent increase in loan application volume from the … What I see: Locally, well-qualified borrowers can get the following fixed-rate mortgages at one point cost: A 15-year at 3.50 percent, a 30-year at
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Contact: Caroline Tabler (Cotton) 202-224-2353. Washington, D.C.- Senator Tom Cotton (R-Arkansas) and Senator Doug Jones (D-Alabama) today introduced legislation that would clarify commercial real estate lending rules by providing a clear definition for loans requiring larger capital allocations,
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Only around one million new homes are currently hitting the market — that's well below the historic norm of 1.5 million. Not having a home to move into means more people are staying put, and that has ripple effects throughout the housing market. “The longer home ownership tenure is a central piece to
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SunTrust has a career opportunity for a Consumer Fair Banking Consultant in Enterprise Regulatory & Compliance.
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Wells Fargo has held the top spot as the nation's largest retail mortgage lender for many years. In 2014, upstart Quicken, started by billionaire Dan Gilbert, had only half the retail production of Wells. But, the gap slowly narrowed and now Quicken has taken the top spot in the 4th quarter of 2017
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There's no single answer to the question of what may sink the Bay Area's real estate market. In fact, many of the biggest drivers to the economy have both positive and negative effects on the market. Paragon Real Estate's Chief Analyst Patrick Carlisle recently released a report gauging the impact of the
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LOS ANGELES–(BUSINESS WIRE)–As recent fluctuations in the market create investor uneasiness, Fortune 500 Investor Relations Officers (IROs) say the market is overheated and a correction was overdue. That according to a late January “pulse poll” of Fortune 500 IROs by Korn Ferry (NYSE: KFY),
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Mortgage giant Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages shot up to 4.32 percent this week, up from 4.22 percent last week and the highest since December 2016. A year ago, it stood at 4.17 percent. The rate on 15-year, fixed-rate loans, popular among homeowners
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The EEOC further sought to have Aqua Resources institute anti-discrimination policies and provide training on employee rights under Title VII. The parties settled for $150,000, prior to trial. Under a two-year consent decree, Aqua Resources is prohibited from engaging in discrimination based on race or
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Revenue from New Corp's online real-estate business rose about 21 percent to $292 million, while its book publishing and cable network programming units also recorded a rise in sales. Net loss attributable to shareholders narrowed to $83 million, or 14 cents per share, in the second quarter ended
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