Sri Lanka-Pakistan Friendship Ramazan Bazaar
The Sri Lanka-Pakistan Friendship, Trade and Investment Association will hold its 4th Ramazan Bazaar on Sunday, 21st May 2017 at the Dutch…
Category: BUSINESS
Drastic Drop in Production of Tea and Rubber in Last 50 years
According to Central Bank annual report for the year 2016, tea production and rubber production has fallen to 11% and…
Asia stocks at two-year highs, look pricey; oil climbs leftright 2/2leftright
Asian stocks climbed to a fresh-two year high on Tuesday on the back of an overnight rise in Wall Street,…
Oil Surges 2.5 Percent, Soothes Cyber Nerves
A bounce in oil and other commodities prodded stock markets higher on Monday, cushioning the hit to sentiment from a…
Apple Sees Surprise Fall in iPhone Sales
Apple sold fewer iPhones than a year ago in the first three months of 2017, the company said in its…
Rishad Invited by Russian Deputy PM to Participate in International Economic Forum
Russia’s Ambassador to Sri Lanka, Alexander Karchava , has called over at Minister of Industry and Commerce Rishad Bathiudeen at …
Oil Edges Down as Rising Output Stokes Concern on Oversupply
Oil prices edged down on Tuesday, as rising output stoked worries that OPEC-led production cuts may not significantly tighten a…
Microsoft Quarterly Profit up 28% at US$4.8b
Microsoft on Thursday (Apr 27) reported a strong jump in profits in the just-ended quarter but revenue fell short of…
Samsung Sees Best Quarterly Profits in Three Years
Demand for memory chips and flat screens for televisions and phones has given Samsung Electronics its best quarterly profits in…
Asian stocks recoup losses in cautious trade; oil supports
Asian stocks erased early losses and edged higher on Thursday as steadying commodity prices, especially crude oil, prompted some bargain…
Sri Lanka foreign reserves fall to 7-year low in March
Sri Lanka’s external reserves have fallen to a 6.9 year low after country’s reserves dropped almost 9 percent to 5.12 billion…
Barkindo says OPEC, non-OPEC committed to restore market stability
OPEC Secretary-General Mohammad Barkindo said on Wednesday that all oil producers taking part in a supply-cut pact are committed to…
Asia Stocks mixed, Dollar Subdued Amid North Korea Concerns
Asian stocks were mixed on Tuesday and the dollar gave up the gains it had made when the U.S. Treasury…
Samsung tips Best Quarterly Profit in Over Three Years as Chips Soar
Samsung Electronics Co Ltd (005930.KS) forecast on Friday its best quarterly profit in more than three years in the January-March…
Traders bet their oil storage assets that OPEC cuts will work
The jury is still out on whether OPEC can rein in a global oil glut but top commodity traders are…