Category: BUSINESS

Oil jittery as Saudi Arabia-Russia talks delayed

Oil jittery as Saudi Arabia-Russia talks delayed

Apr 6, 2020

(FASTNEWS | COLOMBO) - Global oil prices remain on edge after Saudi Arabia and Russia postponed a meeting about a ... Read More

UK drivers win first round in VW ‘dieselgate’ case

UK drivers win first round in VW ‘dieselgate’ case

Apr 6, 2020

(FASTNEWS | COLOMBO) - Thousands of UK motorists have won the first stage of a High Court action against Volkswagen ... Read More

CSE to close until lifting of curfew

CSE to close until lifting of curfew

Mar 31, 2020

(FASTNEWS | COLOMBO) - The Colombo Stock Exchange (CSE) has announced it will remain closed for trading from tomorrow (01). ... Read More

Millions of garden plants set to be binned due to Coronavirus

Millions of garden plants set to be binned due to Coronavirus

Mar 31, 2020

(FASTNEWS | COLOMBO) -  Millions of plants, shrubs and trees could be binned in the coming days and weeks, meaning ... Read More

Carluccio’s collapses putting 2,000 jobs at risk due to Coronavirus

Carluccio’s collapses putting 2,000 jobs at risk due to Coronavirus

Mar 31, 2020

(FASTNEWS | COLOMBO) -  Italian restaurant chain Carluccio's has gone into administration, blaming "challenging trading conditions" exacerbated by the coronavirus. ... Read More

Grace period offered to pay electricity bills

Grace period offered to pay electricity bills

Mar 22, 2020

(FASTNEWS | COLOMBO) -  The Ministry of Power and Energy has granted a grace period for the payment of electricity ... Read More

CSE to remain closed as curfew continues

CSE to remain closed as curfew continues

Mar 22, 2020

(FASTNEWS | COLOMBO) - The Colombo Stock Exchange (CSE) has declared tomorrow (23) and Tuesday (24) as market holidays. (more…) Read More

CSE to remain closed

CSE to remain closed

Mar 19, 2020

(FASTNEWS | COLOMBO) - The Colombo Stock Exchange will remain closed today as well. The CSE in a statement said ... Read More

Maximum retail price for Big Onions

Maximum retail price for Big Onions

Mar 19, 2020

(FASTNEWS | COLOMBO) - The Consumer Affairs Authority (CAA) says that a maximum retail price of Rs 150 per kilogram ... Read More

Coronavirus: Asia stocks fall despite stimulus plans

Coronavirus: Asia stocks fall despite stimulus plans

Mar 18, 2020

(FASTNEWS | Coronavirus pandemic) - Asian stocks have fallen as worries about the coronavirus pandemic eclipsed hopes that major stimulus ... Read More

Apple hit with record €1.1bn fine in France

Apple hit with record €1.1bn fine in France

Mar 17, 2020

(FASTNEWS | TECH-WORLD) - France's competition authority has imposed a record €1.1bn (£1bn; $1.2bn) fine on US tech giant Apple ... Read More

US Fed cuts rates to buffer economy from coronavirus

US Fed cuts rates to buffer economy from coronavirus

Mar 16, 2020

(FASTNEWS | COLOMBO) - Faced with a growing economic shutdown from the coronavirus pandemic, that could cause the US economy ... Read More

Apparel industry affected by coronavirus

Apparel industry affected by coronavirus

Mar 16, 2020

(FASTNEWS |Coronavirus) - The country’s apparel industry has been significantly affected as a result of the threat of the novel ... Read More

Coronavirus: Asia stocks fall after global central bank action

Coronavirus: Asia stocks fall after global central bank action

Mar 16, 2020

(FASTNEWS | Coronavirus) - Stock markets in Asia have fallen even after central banks around the world announced a coordinated ... Read More

Rate cuts: US goes to almost zero and launches huge stimulus programme

Rate cuts: US goes to almost zero and launches huge stimulus programme

Mar 16, 2020

(FASTNEWS | COLOMBO) - The US has cut interest rates to almost zero and launched a $700bn stimulus programme in ... Read More