News Round Up

China will revive mortgage-backed debt sales
China will revive mortgage-backed debt sales this week after a six-year hiatus, as the government extends help to homebuyers in a flagging property market. - Bloomberg
Ukraine, already facing recession, may see its economy shrinking
Ukraine, already facing recession, may see its economy shrinking by as much as 2 percentage points more should Russia halt trade as a conflict widens between the two ex-Soviet partners, Premier Arseniy Yatsenyuk said. – Bloomberg
The ASI crossed the 6,700 mark during the week
The ASI crossed the 6,700 mark during the week, while the daily gain rate proportionately reduced till mid-week. However, the index faltered 20.7 points on Thursday and ended flat on Friday. As a result the ASI gained 60.8 points WoW to close at 6,722.2 points (+0.9%), whilst the S&P SL20 Index gained 30.8 points WoW to close at 3,739.0 points (+0.8%). – Ceylon Today
Asian Development Bank is financing a 30MegaWatt hydro plant
Asian Development Bank is financing a 30MegaWatt hydro plant with a 150 million US dollar credit, and the project will have measures to protect an endangered fish in the river. – LBO
Portugal is interested in improving relationships with Sri Lanka further
Portugal is interested in improving relationships with Sri Lanka further, Portugal’s Prime Minister Pedro Passos Coelho, who is on an official visit to Sri Lanka, said when he met President Mahinda Rajapaksa for discussions at Temple Trees yesterday. – Daily FT