Oil Edges Up On Falling U.S. Crude Stocks, But Global Glut Weighs
Oil prices edged up on Wednesday, lifted by declining U.S. crude inventories, although markets were still restrained by general oversupply.…
Category: BUSINESS
Oil Prices Drop as Oversupply Concerns Linger
Oil prices fell on Friday, dragged lower by persistent worries about oversupply despite a bigger-than-expected drawdown in U.S. crude inventories.…
Government Total Expenditure exceeded Total Revenue
In the first quarter ending 30th April 2017, Government’s total revenue was recorded as LKR 5,89,020 Million, while the expenditure…
Oil falls for third day as doubts over OPEC cuts linger
Crude futures fell for a third day on Wednesday despite a bigger than expected fall in U.S. oil inventories reported…
Sri Lanka rupee firms on dollar selling by exporters; stocks down
The Sri Lankan rupee traded slightly firmer in dull trade on Tuesday as dollar selling by exporters outpaced demand for…
Sri Lankan rupee slips on importer dollar demand; stocks down
The Sri Lankan rupee fell slightly on Thursday as importer dollar demand outweighed mild selling of the U.S. currency by…
Qatar crisis: Air-lifted cows start arriving in Doha
Cattle has been flown into Qatar to boost milk supplies amid a blockade of the country led by Saudi Arabia.…
Oil Steadies but Outlook Remains Weak
Oil steadied on Tuesday after almost a week of sharp falls, but the outlook remained weak amid oversupply and several…
Samsung Electronics tips record second-quarter profit as memory prices surge
Samsung Electronics Co Ltd (005930.KS) on Friday said its second-quarter operating profit likely rose 72 percent from a year earlier…
Perpetual Treasuries Activities Suspended for Six Months by Central Bank
The Central Bank in a statement issued yesterday said, the Monetary Board had suspended Perpetual Treasuries Limited (PTL) from carrying…
Sri Lanka’s global Ceylon Tea Party kicks off
Sri Lanka and Ceylon Tea are hosting what is popularly known as “The Global Ceylon Tea Party” at Sri Lankan…
Samsung Salvages Galaxy Note 7 Parts for New Phone
Samsung is releasing a new phone using parts from its Galaxy Note 7, which was axed after a battery fault…
Oil Prices Rise on First Drop in U.S. Drilling in Months
Oil markets edged up on Monday, lifted by the first fall in U.S. drilling activity in months, although price gains…
Oil extends gains to sixth day on dip in U.S. output
Oil futures ended slightly higher on Thursday, extending crude’s rally to a sixth straight session after a decline in weekly…
Cancellation of 100 Million Dollar Loan to Srilanka
A discussion was held in connection with this loan on 16th June 2017. World Bank representatives , Finance Ministry officials…