Asia Markets Build on Global Rally with ECB in Focus
A global stocks rally extended into Asia on Thursday (Dec 8), with investors betting the European Central Bank will prolong…
Category: BUSINESS
Oil Prices Rise on US Crude Stock Decline, Weaker Dollar
Oil prices edged up on Thursday, supported by a weaker dollar ahead of next week’s Federal Reserve meeting and by…
Sri Lanka Tea up for Third Consecutive Month in November
Sri Lanka’s tea auction average for the month of November showed gains with prices up 168.82 rupees to 581.33 rupees against…
South Korea to Slap VW with Record Fine, Pursue Executives Over Emissions Ads
South Korea said it will file criminal complaints against five former and current executives at Volkswagen AG’s South Korean unit…
Asian Shares Edge up as Markets Look to ECB After Italian Jolt
Asian shares edged up on Wednesday as investors covered short positions and looked to the upcoming policy meeting of the…
Oil Dips as OPEC, Russian Output rises Ahead of Production Cut
Oil prices slipped on Tuesday as crude output rose in virtually every major export region despite plans by OPEC and…
Visitors to Sri Lanka up 16-pct in Nov 2016, 2 million Target in Sight
Tourist arrivals to Sri Lanka in November rose by 16 percent to 167,217 arrivals with Chinese and Western European markets…
Asian Stocks Post Biggest Daily Gain in Two Weeks
Asian stocks posted their biggest rise in two weeks on Tuesday and the euro steadied as investors judged the selloff…
Asia Stock Funds See Pockets of Value After Trump Sell-off
Donald Trump’s shock election victory last month triggered a sell-off inAsian shares on heightened fears of protectionism – but for…
Oil Prices Fall as Production Creeps up Ahead of Announced 2017 Output Cut
Oil prices fell by one percent on Monday as a higher U.S. rig count unsettled markets amid nagging concern that…
Sri Lankan Rupee Gains on Exporter Dollar sales, Dubdued Importer Demand
The Sri Lankan rupee was trading marginally higher on Friday as exporters sold dollars while the demand for the greenback…
Twitter Changes Product Head for Third Time in a Year
Twitter Inc appointed Keith Coleman, founder of startup Yes Inc, as head of its product team, the third executive to…
Sri Lankan Rupee Eases on Importer Dollar Demand; Stx Up
The Sri Lankan rupee eased slightly on Thursday due to importer dollar demand in dull trade on fears that economic…
Oil Prices Surge Nearly 10% in New York After OPEC Deal
Oil prices soared nearly 10 percent in New York on Wednesday (Nov 30) after OPEC reached a deal to cut…
OPEC Boosts Oil Price With Output Cut
The OPEC oil cartel defied expectations on Wednesday (Nov 30) and nailed down its first joint output cut since 2008…