Vauxhall-Opel sold by GM to Peugeot-Citroen
The French company that owns Peugeot and Citroen has struck a 2.2bn euro (£1.9bn) deal to buy General Motors’ European…
Category: BUSINESS
Sri Lanka Tourist Arrivals Down in Feb 2017 Amid Airport Closure
Tourist arrivals in Sri Lanka fell 0.1 percent in February 2017 to 197,517, compared with the same month in 2016,…
China to Increase Military Spending by 7% in 2017
China has said that it will increase military spending by about 7% this year, just days after Donald Trump outlined…
Global stocks off highs, dollar edges lower as Fed rate rise looms
The dollar retreated on Friday after two days of gains while world stocks pulled further back from all-time highs as…
Oil Drops for Second day; Market Awaits U.S. Stocks Data
Crude oil lost more ground on Wednesday with rising U.S. oil output adding pressure on the market, although OPEC production…
Ceylon Tobacco unit profits up 8-pct in Dec despite volume drop
Profit after tax at Ceylon Tobacco, a unit of British American Tobacco, rose 8 percent to 2.0 billion rupees in…
Asia Stocks Erase Losses but Some Investors Await Trump Talk
Asian stocks erased early losses but stayed below 19-month highs on Monday as a renewed drop in sovereign bond yields…
Boeing to open first European factory, to invest 20 million pounds
Boeing Co (BA.N) said it would invest 20 million pounds ($24.98 million) to open its first production facility in Europe…
S&P, Dow hit Record Highs as oil Prices Rally
The S&P 500 and the Dow Jones Industrial Average hit record intraday highs on Thursday as a rally in oil…
Asia Gains as Wall Street Extends Record Run, Dollar Slips
Asian stocks rose on Wednesday, joining a record-setting session for global markets as investors cheered upbeat factory activity in Europe…
CB Officials Negate Govt Decision to Increase Upper Limit to Rs1.5 m for 15% Interest to Senior Citizens
Good governance Government has introduced various facilities to assist senior citizens after 2015 as the ageing population is on the…
Asia Stocks Consolidate Recent Gains; China Shines
Asian stocks held ground on Tuesday though Chinese equities surged to a fresh 2-1/2 month high as domestic funds piled…
HSBC shares down as annual profit falls 62%
Shares in HSBC have fallen after the bank saw a sharper-than-expected drop in annual profits for 2016. The $7.1bn (£5.7bn)…
Asia Shares Adrift for U.S. Holiday, Focus on Unilever
Asian share markets were mixed on Monday as political uncertainty globally kept the mood cautious, while the U.S. dollar dithered…
Oil firms as OPEC Floats Extended Output cut; Markets still Bloated
Oil prices edged up on Friday, lifted by a report that producer club OPEC could extend an output cut aimed…