Asian Stocks Test new 19-month Highs, Some Markets Seen Overvalued
Asian stocks inched to new 19-month highs on Thursday with thanks to an ongoing rally on Wall Street and bolstered…
Category: BUSINESS
Facebook pushes video onto TV screens with new apps
Facebook on Tuesday (Feb 14) announced it was rolling out apps to allow people to view videos posted on the…
Sri Lanka Senior Citizens’ Deposits up to Rs1.5Mn to Get Higher Interest
Sri Lanka’s Finance Ministry said that it will increase the upper limit up to 1.5 million rupees for 15 percent special…
Asia stocks at 19-month peak, dollar up as Yellen puts March rate hike in play
Asian stocks scaled 19-month peaks on Wednesday thanks to a record-setting night on Wall Street after Federal Reserve Chair Janet…
Sri Lanka Foreign Reserves Drop by USD568mn in January
Sri Lanka’s official reserves dropped 567.5 million US dollars to 5.45 billion dollars in January, down from 6.01 billion dollars…
Volkswagen Says has no Plans to Retain Large Number of Temp Staff
Volkswagen (VOWG_p.DE) said it has no plans to keep a large number of temporary workers on its books following a…
Oil Rises on 90 Percent Compliance on OPEC Output Deal
Oil prices rose more than 1 percent on Friday after the International Energy Agency (IEA) reported record initial compliance by…
Cabinet Resolves to Increase People’s Bank Authorized Capital
Sri Lanka’s cabinet nod has been received to instruct legal draftsman to amend certain sections of People’s Bank Act which…
Asian Stocks at 18-Month Highs as China Rises
Asian shares climbed to their highest in more than 18 months on Thursday, as investors grew more confident about China…
YouTube Adds Mobile Video Streaming for Top Talent
YouTube on Tuesday (Feb 7) began letting popular online video personalities broadcast on the go using mobile devices, ramping up…
Oil falls as U.S. Supplies, Speculative Length Counter OPEC Cuts
Oil fell on Monday as ample U.S. supplies and excess speculative length outweighed OPEC output curbs and rising tensions between…
Asia Stocks, Euro Pressured by Economic, Political Uncertainty
Appetite for Asian stocks and the euro ebbed on Tuesday as a rising tide of economic and political concerns added…
Asia Shares Inch Down, Dollar Extends Gains in Light Holiday Trade
Asian shares were fractionally lower on Friday in holiday-thinned trade but were on track for a solid advance this week,…
Sri Lankan rupee steady in dull trade; stocks rise
The Sri Lankan rupee was steady in thin trade on Thursday as dollar demand from importers was offset by selling…
Oil-Dependent US States Sliding Into Recession: S&P
Crashing oil prices in recent years have helped send crude-producing US states into recession, and they are unlikely to recover…