Srilanka Central Bank Expected to Keep Policy Rates Steady
Sri Lanka’s central bank is expected to keep its key interest rates steady for a fourth straight month on Friday,…
Category: BUSINESS
Sri Lanka’s Benefits from IMF Depend on Reform Effectiveness: Moody’s
Moody’s Investors Service says that whether or not Sri Lanka’s (B1 negative) credit profile demonstrates a temporary or more enduring…
Asia Stocks Mostly up Ahead of Britain EU Vote
Asian markets mostly rose on Wednesday (Jun 22) as Britain heads into a high-stakes referendum on its future in the…
Oil Prices Dip Ahead of US Inventories Data, Brexit Vote
Oil prices fell modestly on Tuesday (Jun 21) after a two-day rally as dealers awaited the latest report on US…
Sri Lanka Shippers Council commends ICC Transport Guideline
Sri Lanka Shippers Council, an affiliated body of the Ceylon Chamber of Commerce, welcomes the International Chamber of Commerce Global Guide…
Asia shares Pause, Sterling stands Tall as Brexit Vote Looms
Asian shares got off to a tentative start on Tuesday, as investors paused after a rally triggered by growing expectations…
Oil Jumps on Easing Brexit Fears, Weaker Dollar
Oil prices jumped again on Monday (Jun 20) in volatile markets thanks to rising expectations that Britain would vote to…
Sri Lanka’s Debt Higher Than B, BB Rated Countries, Fitch Data Shows
Sri Lanka’s current debt levels are higher than its ‘B’ median peers or the previously rated ‘BB’ median, data from…
Asia stocks gain as Brexit fears ebb slightly, safe-havens retreat
Asian stocks gained across the board on Monday as fears that Britain would vote to leave the European Union abated…
With Oil Price Near US$50, resilient US Shale Producers Eye New Chapter
Two years into the worst oil price rout in a generation, large and mid-sized U.S. independent producers are surviving and…
HSBC to Pay US$35 Million to Resolve yen Libor Litigation in US
HSBC Holdings Plc will pay US$35 million to end private U.S. antitrust litigation claiming that it harmed investors by conspiring…
Sri Lanka’s Central Bank to sell USD250mn Development Bonds
The Central Bank will issue 250 million US dollars development bonds with a tenor of 1 year and 7 months,…
Sri Lanka Port City Becomes Financial City, New Deal by August: PM
Sri Lanka’s port city construction will be converted to a financial city with a new agreement which is expected to…
Meeting IMF Criteria Key to Improve Ratings
Sri Lanka still needs to refinance close to 3 billion US dollars for the rest of 2016 and remains vulnerable…
Oil prices tumble as fears mount over Brexit
Oil prices tumbled on Thursday (Jun 16) as fears mount about next week’s vote in Britain on leaving the European…