World Bank Approves USD125mn credit to Modernize Sri Lanka Agriculture
The World Bank has approved a 125 million US dollars credit from the International Development Association to assist Sri Lanka…
Category: BUSINESS
Oil Jumps as US Crude Inventories Fall
Oil scored a second straight day of solid gains on Wednesday (Jun 29) as US crude inventories fell much more…
Sri Lankan Rupee Forwards Rise as Foreign Investors Buy Bonds
Sri Lankan rupee one-week forwards strengthened on Wednesday as foreign investors sold dollars to buy local bonds, while selling of…
Stocks in the Asia Pacific Region See More Gains
Stock markets in Asia have started the day with more gains, continuing the positive lead set by the US and…
Oil Prices Rebound Along with Stocks
Oil prices rose on Tuesday (Jun 28), benefitting from the same bounce that lifted equity markets which had been sagging…
Sterling Pounded Again in Brexit Tumult
Britain’s surprise decision to exit the European Union reverberated through the currency market again on Monday (Jun 27), hitting the…
Sri Lanka to Impose Capital Gains Tax on Stocks
Sri Lanka intends to impose a capital gains tax on profits from equities, a senior government minister said late on Monday, as…
Wall Street Futures Lower on Brexit Concerns
U.S. stock index futures eased slightly in early trading on Sunday after Britain’s vote to leave the European Union sparked…
Japan shares recover after Friday’s post-Brexit bout
Japanese shares have managed to recover some ground after their historic plunge last Friday following the UK’s vote to leave…
Pound falls further in Asian trading on Monday
The pound has fallen sharply in trading in Asia on Monday, adding to Friday’s record one-day decline. Sterling was trading…
Sri Lanka’s Central Bank Keeps Policy Rates Steady
Sri Lanka’s Central Bank has decided to keep its key interest rates steady for a fourth straight month on Friday,…
Sri Lankan Rupee 1-wk Forwards Fall on Importer Dollar Demand; Brexit Weighs
Sri Lankan rupee one-week forwards fell on Friday as it faced pressure from a strengthening dollar after Britons voted to…
Pound Tops US$1.50 as Markets Expect Britain to stay in EU
The pound and euro both soared on Thursday (Jun 23) amid growing market confidence that Britain would vote to keep…
Oil Prices Rally as Britain Votes on EU Exit
World oil prices rallied on Thursday (Jun 23), joining a buoyant mood on markets as investors grew confident that Britain…
Oil prices retreat on US stockpiles data
Oil prices fell back beneath US$50 a barrel on Wednesday (Jun 22) after official data showed a small retreat in…