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UNHRC: Resolution on Sri Lanka adopted – Voting Results

COLOMBO (News 1st) – The Core Group resolution on Sri Lanka at the United Nations Human Rights Council was adopted on Thursday (6).Votes In Favor: 20 Votes Against: 07 Abstentions: 20 Sri Lanka has categorically rejected the resolution. #lka #SriLanka #SLnews #News1st #UNHRC #HumanRights   Voted in Favor:1. Argentina 2.

Armenia 3. Czech Republic 4. Finland 5.

France 6. Germany 7. Honduras 8.

Lithuania 9. Luxembourg 10. Malawi 11.

Marshall Islands 12. Mexico 13. Mentenegro 14.

Netherlands 15. Paraguay 16. Poland 17.

Republic Korea 18. Ukraine 19. UK of Great Britain & Northern Ireland 20.

United States of AmericaVotes Against:1. Bolivia 2. China 3.

Cuba 4. Eritrea 5. Pakistan 6.

Uzbekistan 7. VenezuelaAbstentions:1. Benin 2.

Brazil 3. Cameroon 4. Ivory Coast 5.

Gabon 6. Gambia 7. India 8.

Indonesia 9. Japan 10. Kazakhstan 11.

Libya 12. Malaysia 13. Mauritania 14.

Namibia 15. Nepal 16. Qatar 17.

Senegal 18. Somalia 19. Sudan 20.

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Sri Lanka at high risk of a currency crisis, warns top Japanese bank - - Japan - Sri Lanka - Pakistan - Turkey - Hungary - Romania - Egypt - Czech Republic
Sri Lanka at high risk of a currency crisis, warns top Japanese bank
COLOMBO (News 1st) – Sri Lanka is among the seven countries with a high risk of a currency crisis, warned Nomura Holdings, Japan’s top brokerage and investment bank.The other countries are  Egypt, Romania, Turkey, the Czech Republic, Pakistan, and Hungary.According to Reuters, the Japanese bank said that 22 of the 32 countries covered by its in-house "Damocles" warning system have seen their risk rise since its last update since May, with the largest increases in the Czech Republic and Brazil.It meant the sum of the scores generated on all 32 by the model had increased sharply to 2,234 from 1,744 since May."This is the highest total score since July 1999 and not too far from the peak of 2,692 during the height of the Asian crisis," Nomura economists said, calling it "an ominous warning sign of the growing broad-based risk in EM currencies".The model crunches 8 key indicators on a country's FX reserves, exchange rate, financial health and interest rates to give an overall score.Based on data from 61 different EM currency crises since 1996, Nomura estimates that a score above 100 indicates a 64% chance of a currency crisis in the following 12 months.Egypt, which has already devalued its currency heavily twice this year and sought an International Monetary Fund (IMF) programme, now generates the worst score at 165.Romania is next on 145 having been propping up its currency with interventions.