Asia Stocks Edge up in Positive Start to 2017, Dollar Resumes Climb
Global markets marched confidently into 2017 on Tuesday, with Asian stocks extending gains after European shares surged to their highest…
Category: BUSINESS
Oil Prices Rise as Markets eye OPEC, non-OPEC Production Cuts
Oil prices rose in the first trading hours of 2017, buoyed by hopes that a deal between OPEC and non-OPEC…
Samsung Electronics to Reveal Galaxy Note 7 Probe Results this Month: JoongAng Ilbo
Samsung Electronics Co Ltd (005930.KS) will announce this month the results of an investigation into what caused some of its…
After ‘a Year of Two Halves’, Where is Gold Headed in 2017?
In a year dominated by unexpected global events and roiling uncertainty, the movements in the gold price have defied expectations.…
Sri Lankan Rupee Falls Nearly 4 pct in 2016; Spot Reference Rate at Record Low
The Sri Lankan rupee fell 3.9 percent in 2016, with the spot currency reference rate hitting a record low on…
Sri Lankan rupee falls ahead of c.bank decision on policy rates
The Sri Lankan rupee traded weaker on Friday due to unusual year-end dollar demand from importers and ahead of an…
Asia Stocks to end 2016 on Buoyant Note, Euro Calms After Early Spike
Asian stocks looked set to end 2016 on an upbeat note, while profit-taking weighed on the dollar and the euro…
Oil Prices Steady as U.S. Inventory Build Slows Upswing
Oil prices steadied on Thursday after a surprise increase in U.S. inventories helped stall an upwards trend that has pushed…
Sri Lanka signs World Bank’s USD75mn Social Safety Nets Project
Sri Lanka has signed a 75 million dollar World Bank credit to support the country’s welfare programs. The project includes…
Sri Lankan Rupee Falls on Dollar Demand; C.bank Raises Spot Reference Rate
Sri Lankan rupee fell on Wednesday on modest dollar demand after the central bank raised the spot reference rate, while…
Asia follows Wall Street higher, upbeat U.S. data lifts dollar vs yen
Asia stocks followed Wall Street higher on Wednesday, while the dollar firmed against the yen following the release of upbeat…
Asia Stocks Mostly Higher, Dollar Claws Back Some Losses
Asian stocks were mostly higher on Tuesday, in thin trade and with little to guide them as most major markets…
Toshiba May Book Big Loss on US Nuclear Acquisition, Shares Plunge
Toshiba Corp said on Tuesday it may book a goodwill impairment loss of several hundreds of billion yen on a…
Oil Steady in Quiet Holiday Season Trade; Supply Cut Deal to Kick in Jan 1
Oil prices were little changed on Tuesday in light pre-New Year holiday trading with markets adopting a wait-and-see stance less…
Sri Lankan Rupee Falls on Importer Dollar Demand
The Sri Lankan rupee fell on Thursday as importer demand for the greenback outpaced inflows from remittances and dollar conversions…