Asian Stocks Creep to Three-Month Highs, Dollar Drifts
Asian stocks edged up to three-month highs on Wednesday but the dollar eased as growing uncertainty over U.S. President Donald…
Category: BUSINESS
IMF commends Sri Lanka on economic progress made so far
The International Monetary Fund (IMF) has commended the new strategy of Sri Lankan government to create financial discipline and lead…
Sri Lankan Rupee Down on Importer Dollar Demand
The Sri Lankan rupee fell on Monday as the importer dollar demand surpassed modest greenback sales by exporters, dealers said.…
Ministers Laud Strong Start to OPEC, non-OPEC Oil Output Cuts
OPEC and non-OPEC countries have made a strong start to lowering their oil output under the first such pact in…
Oil Rises a Second Day on Supply Expectations, Record China Data
Oil climbed for a second day on Friday underpinned by expectations of tighter supply and on reports of record Chinese…
Toshiba Making Preparations for Sale of Stake in Chip Business: Sources
Japan’s Toshiba Corp has begun preparations to sell a minority stake in its core chip business, people with knowledge of…
Asian Stocks, Dollar Slip as Trump Caution Outweighs China GDP
Caution prevailed in financial markets on Friday ahead of U.S. President-elect Donald Trump’s inauguration, even as China’s fourth-quarter economic growth…
Sri Lankan rupee falls on importer dollar demand
The Sri Lankan rupee traded weaker on Thursday due to dollar demand from importers while moral suasion by the central…
Asian Shares Down, Dollar Jumps on Yellen’s Rate Hike Signal
Asian shares slipped on Thursday and the dollar rebounded after Federal Reserve Chair Janet Yellen signaled that the U.S. central…
Sri Lankan rupee weaker on foreign bank dollar demand
The Sri Lankan rupee traded weaker on Wednesday due to importer dollar demand, after sales by foreign banks had helped…
Asia Stocks Hover Near Three-Month Highs; Sterling in Spotlight
Asian stock markets stabilized near three-month highs on Wednesday, helped by Hong Kong and Chinese shares, as investors judged U.S.…
Oil Ticks up on Weaker Dollar, U.S. Production Outlook Caps Gains
Oil prices edged higher on Wednesday with a weaker dollar underpinning the market, although gains were limited by expectations that…
Sri Lankan Rupee Marginally Higher on Banks’ Dollar Sales
The Sri Lankan rupee traded marginally higher on Tuesday in light volume as foreign banks sold dollars, but the market…
Oil Prices Mixed on Saudi Commitment to Cut Output, Investor Scepticism
Oil markets were mixed on Tuesday, supported by growth in U.S. crude production and Saudi Arabia saying it would strictly…
Asia Stocks and Pound Weak, Brace for May’s Speech on Brexit Stance
Asian stocks and the pound sagged on Tuesday as investors waited for British Prime Minister Theresa May to lay out…