Revived Fed hike expectations send Asian Shares Lower
Asian shares weakened on Wednesday after strong U.S. inflation data and comments from Federal Reserve officials rekindled prospects of the…
Category: BUSINESS
Dollar Slips Against Euro Ahead of US Inflation Data
The dollar edged down against the euro on Monday (May 16) in profit taking after recent gains, as traders awaited…
Oil Extends Gains, US Crude at Seven-Month High on Supply Concerns
Oil futures rose for a second straight session on Tuesday, with U.S. crude hitting a seven-month high, as the market…
Asian Shares Recover After Apple, Oil Boost Wall Street
Asian shares recovered from two-month lows on Tuesday after a rebound in technology giant Apple Corp and oil price gains…
Boeing’s 787 Dreamliner faces new challenge: slow sales
Boeing Co’s high-tech 787 Dreamliner has had its share of trouble, from early production delays to batteries that smoked and…
Japan Leads Asia to Modest Gains Despite China data dollar steady
Buoyant Japanese stocks led Asian stocks to modest gains on Monday, helping to offset some of the gloom from soft…
Google Faces Record €3b EU Antitrust Fine
Google faces a record antitrust fine of around €3 billion (US$3.4 billion) from the European Commission in the coming weeks,…
Facebook investigating censorship claim
Facebook chief executive Mark Zuckerberg has said the company is investigating claims it censored news reports with conservative viewpoints. It…
Oil Prices Dip after Strong Rally
NEW YORK: Oil prices fell on Friday (May 13), with analysts saying traders booked profits from the previous day’s strong…
World stocks fall as economic worries outweigh oil boost
LONDON: Stock markets turned lower on Thursday (May 12) as worries about the US and British economies took the shine…
US Oil Hits New 2016 High as IEA Sees Glut Easing
NEW YORK: Oil prices rose on Thursday (May 12), pushing US crude to a fresh 2016 high as the International…
Work on Rajagiriya flyover project start in July 2016 & End by Jan. 2018
As an interim solution to the total traffic problem in Battaramulla to Colombo through Rajagiriya and Borella route, the Government…
Asia Shares Slip, Yen Near Two-week Low on BOJ Stimulus Expectations
TOKYO: Asian shares fell on Friday after a rocky performance on Wall Street, while the yen nursed losses as traders…
Mossack Fonseca to Start Legal Action Over ‘Panama Papers’ Leak
PANAMA CITY: The law firm at the centre of the Panama Papers scandal says it is filing suit against the…
Bribery Eats up 2% of Global Economy-IMF
WASHINGTON: The International Monetary Fund said on Wednesday (May 11) that bribery sucks up between US$1.5 and US$2.0 trillion dollars…