Asia Stocks Edge up on U.S. Growth Data Cues; Dollar Steady
Asian stocks edged higher on Wednesday reflecting upbeat U.S. growth news while oil steadied after a sharp drop overnight as…
Category: BUSINESS
Sri Lanka Tourist Earnings up, Slower Growth in Workers’ Remittances
Sri Lanka’s earnings from tourism increased while slower growth was seen in workers’ remittances in October 2016, the Central Bank…
OPEC Begins Debate on Oil Cuts Amid Deep Disagreement
OPEC began on Wednesday debating a deal to curtail oil production and prop up the price of crude, with Iran…
Oil Prices Fall on Doubts Over OPEC Production Cut
Oil prices fell on Tuesday on signs that leading oil exporters were struggling to agree a deal to cut production…
Samsung Electronics Mulls Holding Company Move, Boosts Payout
Tech giant Samsung Electronics Co Ltd said on Tuesday it will consider whether to transition to a holding company structure,…
Dollar Steadies with Bonds, Oil Worn Down by OPEC Worry
The U.S. dollar took a breather on Tuesday as global bonds steadied from their recent rout, while equities flatlined as…
Sri Lankan Rupee Falls on Importer Dollar Demand; Stx Flat
The Sri Lankan rupee edged down on Monday, hurt by demand for dollar from importers on fears that economic policies…
Oil Tumbles as Output Cut Looks Elusive; Dollar Sinks
Oil prices tumbled on Monday on fears that producer countries may fail to agree an output cut, pressuring U.S. stocks…
Samsung Electronics to Consider Split: Seoul Economic Daily
South Korea’s Samsung Electronics Co Ltd will consider splitting itself into two as proposed by U.S. activist hedge fund Elliott…
ADB Chief Urges Trump to Remain Engaged with Asia
The head of the Asian Development Bank on Thursday (Nov 24) urged Washington to remain engaged with Asia, days after…
Dollar Rally Plugs on, Tokyo Boosted by Soft Yen
The dollar barrelled ever higher against most currencies on Thursday (Nov 24), sitting at an eight-month high against the yen…
Oil Companies Shoulder Pain of Downturn with Lower Output
The world’s listed oil companies have slashed oil output by 2.4 percent so far this year during one of the…
Oil Prices Edge Down on Doubts About OPEC-Led Cuts
Oil prices fell slightly on Wednesday (Nov 23) amid investor doubts that OPEC will agree to a production cut large…
Sri Lankan Rupee Edges Down on Importer Dollar Demand; Stocks Up
The Sri Lankan rupee fell slightly on Wednesday due to dollar demand from importers on fears that U.S. President-elect Donald…
Asia Stocks Share some Wall St joy, US Yields a Burden
Asian stocks bounced to one-week highs on Wednesday as investors tried to share in the exuberance of Wall Street’s record…