Category: BUSINESS
Sri Lankan Rupee Weaker on Importer Dollar Demand; Stocks Down
The Sri Lankan rupee was trading weaker on Tuesday due to dollar demand from importers on fears that the U.S. ... Read More
Asia Stocks at One-week Highs on US Gains; Oil Up
Asian stocks struck one-week highs with investors undeterred by a powerful earthquake in Japan on Tuesday, but after Wall Street ... Read More
Asia Shares Shaky as Trump Bets Keep Emerging Markets Under Pressure
Asian shares were on the defensive on Monday, undermined by fears that the strength in the U.S. dollar and rising ... Read More
Sri Lankan Rupee Falls; IMF Loan Caps Losses
he Sri Lankan rupee was trading slightly weaker on Monday on worries capital outflows would increase as incoming U.S. President ... Read More
Asian Export Nations Wary Dollar Boost Gives Trump Pretext to Beat Them
Asian currency policymakers are worried that the strengthening of the dollar on expectations of U.S. President-elect Donald Trump's fiscal policies ... Read More
IMF Approves USD162.6mn Disbursement to Sri Lanka
IMF Executive Board has completed its first review of Sri Lanka’s Extended Fund Facility (EFF) arrangement, which enables the disbursement ... Read More
Facebook Authorises US$6b Share Buyback
Facebook's board of directors on Friday authorised spending as much as US$6 billion to buy back shares in the leading ... Read More
Volkswagen to Cut 30,000 Jobs
Volkswagen (VOWG_p.DE) and its labor unions agreed to cut 30,000 jobs at the core VW brand in exchange for a ... Read More
Sri Lankan Rupee Edges Down on Capital Outflow Fears
The Sri Lankan rupee fell on Friday on persistent worries of capital outflows as incoming President Donald Trump’s policies are ... Read More
Sri Lankan Real Estate Sector Sees Office Demand Spike: OBG
The office segment of Sri Lanka’s property market is likely to see rising levels of activity over the next few ... Read More
Dollar Soars on US Yield Gains, Asian Shares Wobbly
The dollar vaulted to 13 1/2-year highs against a basket of major currencies as U.S. bond yields rose, leaving Asian ... Read More
Facebook Says it Erred Measuring Audience Reach
Facebook on Wednesday (Nov 16) said that it is working to fix flaws in its metrics calculations that led to ... Read More
Asian markets fluctuate as dealers assess Trump
Asian markets were hit by fresh volatility on Thursday (Nov 17) as uncertainty permeates trading floors after Donald Trump's shock ... Read More
Energy Firms Lead Asia Markets Higher
Energy firms led a rally in most Asia equities markets on Wednesday (Nov 16) after oil prices soared on hopes ... Read More
EU-Sri Lanka launch EUR 8mn project for SME trade competitiveness
The European Union has launched a 8 million euro project that will help Sri Lanka increase its small and medium ... Read More