Srilanka CDS to Introduce Electronic Voting and IPO Facility This Year
Sri Lanka’s Central Depository Systems is looking forward to introduce a fully-fledged electronic IPO and voting system during this year.…
Category: BUSINESS
Oil hits three-week low on weak US stock draw, Brexit fear
Oil prices hit their lowest in more than three weeks on Thursday, the sixth straight day of losses and longest…
Microsoft Opposes US Labor Board Ruling on Contract Worker Rights
Microsoft Corp has asked a federal court to throw out a ruling by a U.S. labor board extending the responsibility…
Srilanka GDP Expands 5.5-pct in First Quarter 2016
Sri Lanka’s economy expanded 5.5 percent in the first quarter of 2016 from a year earlier, led by industry and…
Dollar Edges Higher against euro as Central Banks Weigh Policy
The dollar pushed higher on the euro and the yen was stronger on Tuesday (Jun 14) as markets girded for…
Twitter Invests US$70 Million in SoundCloud Re/code
Twitter Inc has invested about US$70 million in Berlin-based music service SoundCloud, technology website Re/code reported citing people familiar with…
Sri Lanka promises to reform Airline, public sector, Fuel pricing to IMF
Sri Lanka has committed to reforming government finances and the public sector, in its letter of intent to the International…
Colombo Stock Market Goes Up
The benchmark Colombo stock index ended 0.12% higher at 6,538.25, its highest close since 1 June. The bourse gained 0.17%…
Oil Sector job losses to Reach 120,000 by End of Year
The number of jobs lost as a result of the downturn in the UK oil and gas sector could top…
BMW Brand Sales Up 5.6 Percent in May on SUV, 7-Series Demand
BMW increased brand auto sales 5.6 percent in May, powered by double-digit gains in demand for luxury sport-utility vehicles and…
Oil Prices Take a Breather After 11-Month Peak
After surging for three straight days to an 11-month high, oil prices retreated on Thursday (Jun 9) as investors booked…
Japan Stocks Lead Asia Lower, Kiwi Flies as Central Bank Stands Pat
Asian stocks turned lower on Thursday, led by sliding Japanese equities, while a weaker dollar buoyed commodities such as gold…
Oil Prices hit new 2016 highs on Nigeria cutbacks, US data
Oil prices climbed to fresh peaks for 2016 for the third day in a row on Wednesday (Jun 8) due…
Apple case Against Samsung Should Go Back to Lower court: Justice Dept
The U.S. Department of Justice asked the Supreme Court to overturn an appeals court ruling that had favored Apple Inc…
US Oil Prices End Above US$50 for First Time Since July
US oil prices finished above US$50 a barrel for the first time since July on Tuesday (Jun 7) as a…