Sri Lanka tea sees good demand in November
Tea production for the month of November totaled 27.3M/kgs, a gain of 2M/kgs against 25.29M/kgs of November 2015, Forbes &…
Category: BUSINESS
Asian Shares Wobble, Knocked by Wall Street Losses
Asian shares struggled on Thursday, taking their cues from a lackluster day on Wall Street as investors locked in gains…
Oil Prices Rise on Weaker Dollar, Optimism on Output Cuts
Oil prices nudged higher in tepid Asian trading on Thursday, supported by a weaker dollar and optimism that crude producers…
Oil Prices Rise on Expected U.S. Crude Inventory Draw
Oil prices rose on Wednesday on expectations of a U.S. crude inventory draw, although trading activity was muted as markets…
Lagarde Keeps IMF Job, Escapes Penalty after Negligence Conviction in France
International Monetary Fund chief Christine Lagarde escaped punishment and kept her job on Monday despite a conviction on negligence charges…
Sri Lanka govt revenue up 23-pct: Finance Ministry
Sri Lanka’s Finance ministry says that state revenue has increased by 23 percent during the first nine months of this…
Oil Prices Rise in Anticipation of Tighter 2017 Market
Oil prices rose on Monday in anticipation of tighter crude supply going into 2017 following the decision by OPEC and…
Asia Stocks Find Relief as China Set to Return Seized U.S. Drone
Asian shares steadied near four-week lows on Monday after China agreed to return the U.S. drone it had seized, easing…
Sri Lankan Rupee Falls as Cenbank Reference Rate Hike Weighs; Stx Down
The Sri Lankan rupee fell for a third session on Friday as banks bought the dollar after the central bank…
Asia Stocks Tepid, Dollar Near 14-year Peak on Fed Rally
The dollar stood near a 14-year peak, bond yields were highly elevated and Asian stocks struggled for traction on Friday…
Oil Prices Edge up as Kuwait Cuts Supplies by More than Expected
Oil prices edged up on Friday after market sources said Kuwait had told customers it was cutting supplies by more…
Dollar Surges, Asia Markets Dive on Fed Rates Signal
The dollar surged against its peers on Thursday (Dec 15) and most Asian markets tumbled after the Federal Reserve indicated…
Sri Lankan Rupee Weakens as C.bank Raises Reference Rate After Fed Move
The Sri Lankan rupee edged lower on Thursday as the central bank raised the spot reference rate further, a day…
Oil Prices Stabilize After Fed Hike as Tighter Market Looms
Oil prices stabilized on Thursday as a tighter market looms in 2017 due to planned output cuts led by OPEC…
Asia Ready for Fed Hike, Anxious on Rate Outlook
Asia shares crept cautiously higher on Wednesday while a hush settled on the U.S. dollar as investors felt certain the…