Jordan Strikes as England Thrash Sri Lanka!

MANCHESTER: Chris Jordan led England’s attack as they bowled out Sri Lanka for just 67 on the way to completing a crushing 10-wicket win in the third one-day international at Old Trafford on Wednesday.

The Sussex paceman took a career-best five wickets for 29 runs as England, after fit-again captain Alastair Cook won the toss in overcast conditions, dismissed Sri Lanka in just 24 overs.

Cook (30 not out) and Ian Bell (41 not out), then made easy work of their meagre target, although left-hander Cook was dropped on 12 at square leg by Sachitra Senanayake.

Bell finished the day/night match with a straight six off left-arm spinner Rangana Herath as England, now 2-1 up in this five-match series, hit back just three days after being bowled out for 99 during Sri Lanka’s 157-run win at Chester-le-Street.

Sri Lanka Gold-Loan Fall Masking Credit Increases to Industry…

Sri Lanka’s banks are lending money to industry and services, but the total loan stock is not growing fast because of contracting gold loans, Deputy Central Bank Governor Ananda Silva said.

From a peak in 2012, gold loans have slumped 156 billion rupees so far, Silva told a business forum organized by DFCC Bank’s Treasury.
Credit to private business fell in the first two months of 2014 in absolute terms. But in the 12 months to February the credit stock was up by 104 billion rupees.

Sri Lanka is recovering from a balance of payments crisis triggered by bank credit to finance energy subsidies and in the recovery period, deleveraging is usually seen.

Silva said in March private credit rose by 7.5 billion rupees but the actual rupee lending was higher because there were repayments by export oriented firms, who were probably seeing positive cashflows due to a pick-up in exports.

Not counting gold loans, loans to industry was up by over 200 billion rupees over the past year, he said.

The Central Bank wanted to see about 350 billion rupees in private credit this year, but so far it was below expectations, Silva said.

The Central Bank gave a partial credit guarantee to banks to lend against gold, which is expected to boost loan values to about 80 percent of collateral from around 65 percent.
Bank became shy of gold loans after prices fell from 1800 US dollars an ounce to around 1300 dollars an ounce as Fed loose monetary policy reduced somewhat, bursting a precious metal price bubble.

Gold bears expect the metal to fall to about 1000 US dollars an ounce over the next 12 months if Fed tapering continues and speculators cut their holdings.

Silva said banks had invested heavily in Treasuries, pushing their rates down, as credit to private sector was curtailed.

Rates to prime customers who had more bargaining power had fallen.

Silva said rates charged from smaller non-prime customers were higher, and long term rates were still high.

He said instead of preserving high margins, banks should perhaps look at boosting volumes from smaller customers.

Happy Birthday Latoya Jackson!

Born Yvonne Jackson, she rose to fame in the 1980s and returned in 2004 with the hits “Just Wanna Dance” and “Free the World.”

She wanted to become a lawyer and focus on business law, but pursued a career in show business like her siblings.

She released the single “Bet’cha Gonna Need My Lovin’,” appeared in Playboy, and published an autobiography that caused a rift in the Jackson family.

Her manager Jack Gordon forced her into marriage on September 5, 1989 and when she asked for an annulment six months later, he slammed her face into the corner of a table. She divorced him in 1997.

She is the older sister of music legend Janet Jackson.

Frozen Becomes Fifth-Biggest Film in Box Office History!

Disney’s animated film Frozen has become the fifth highest-grossing film in box office history.

The Oscar-winning movie, which was released in the US in November, has taken $1.219bn (£723m) worldwide, overtaking Iron Man 3’s total haul.

It now stands behind Harry Potter and the Deathly Hallows: Part 2, with $1.34bn (£795m) in global ticket sales.

The feat comes two months after it was confirmed Frozen had become the highest-grossing animation in history.

The film’s bumper haul has in part been due to its success in Japan, where Frozen has been number one at the box office for 11 consecutive weekends.

Some 15.6m tickets for the film – released as Anna to Yuki no Joou (Anna and the Snow Queen) – have been sold in the country, with many people reportedly watching both the original and Japanese dubbed version.

It is the third most successful Western movie in Japan, behind James Cameron’s Titanic and Harry Potter and the Sorcerer’s Stone – known in the UK as Harry Potter and the Philosopher’s Stone – although it is predicted to overtake the latter film this week.

Frozen won two Oscars in March – best animated feature and best original song for Let It Go, sung by Idina Menzel.

Top five highest-grossing films of all time
Avatar – $2.78bn (£1.65bn)
Titanic – $2.19bn (£1.3bn)
Marvel’s The Avengers – $1.52bn (£900m)
Harry Potter and the Deathly Hallows – Part 2 – $1.34bn (£795m)
Frozen – $1.219bn (£723m)

England Delay Cook Decision!

England are set to leave it as late as possible before deciding whether captain Alastair Cook is fit to face Sri Lanka in the third one-day international at Manchester’s Old Trafford on Wednesday.

The opening batsman’s groin injury meant he missed England’s humiliating 157-run defeat in the second ODI at Chester-le-Street on Sunday where the hosts were bowled out for a meagre 99 as Sri Lanka levelled the five-match series at 1-1.

That match saw Cook replaced by fellow left-hander Michael Carberry although England had called up Twenty20 specialist Alex Hales as cover for their skipper, with the team led by former Ireland batsman Eoin Morgan.

Cook appeared to take a full part in light training on Tuesday and then batted for an hour in the nets.

England seamer James Anderson, set to appear on his Lancashire home ground on Wednesday, was optimistic about Cook’s prospects.
“We’ll see how he is in the morning,” Anderson told an Old Trafford news conference on Tuesday.

“He’s practised today, so fingers crossed he will be okay.” England won a rain-affected first ODI at The Oval in south London only to suffer a colossal collapse at the weekend.

“It was an extremely poor performance … and what we’ve done today, and yesterday, is focus on how we’re going to put it right on Wednesday,” said Anderson.

“It was just one of those days where everything that could go wrong did. Certainly with the bat, we under-performed.”