Sri Lankan Rupee Falls on Capital Outflow Fears; Stocks Weaker
The Sri Lankan rupee was marginally weaker on Wednesday on fears that higher interest rates in the U.S. under incoming…
Category: BUSINESS
Oil Prices dip on Persistent Fuel Supply Overhang
Oil prices dipped on Friday as the market refocused on a persistent fuel supply overhang that is not expected to…
Asian Shares Stumble as Soaring US Bond Yields Fuel Outflow Worries
Asian shares stumbled on Friday and emerging market currencies skidded as investors feared higher interest rates under incoming President Donald…
Sri Lankan Rupee Trades Firm on Bank, Exporter Dollar Sales
The Sri Lankan rupee traded slightly firmer on Thursday as dollar selling by exporters and banks outpaced demand for the…
IEA Sees Global Market Awash with Oil in 2017 if no OPEC Cut
The oil market risks running another surplus in 2017 without an output cut from OPEC, as producers around the globe…
Asia Markets Track Global Surge as Trump Fears Ease
Asian equities soared Thursday (Nov 10), joining a gold rush across world markets as the initial shock of Donald Trump’s…
US Election 2016: Asia Markets Jolted by Trump Win
Asian stocks have fallen sharply as Donald Trump beat Hillary Clinton in the race for the White House. All regional…
Sri Lankan Rupee Trades Firmer on Dollar Selling by Banks
The Sri Lankan rupee was trading firmer on Wednesday as dollar selling by banks outpaced demand for the greenback from…
US Election 2016: Asia Markets Tumble on Vote Results
Asian stocks have tumbled after early results from the US presidential polls suggested a victory for Donald Trump looked increasingly…
Wall Street Stocks Rise as America Votes
Wall Street stocks posted solid gains on Tuesday (Nov 8), extending a rally fuelled by market expectation Democrat Hillary Clinton…
Oil Industry Needs to Invest to Ensure Supplies: OPEC
The OPEC cartel warned on Tuesday (Nov 8) that the oil industry needs to step up investments to guarantee sufficient…
Asian markets up on Clinton hopes but traders on edge
The Sri Lankan rupee edged up on Tuesday as dollar selling by exporters outpaced demand for the greenback from importers,…
Sri Lankan Rupee Firmer on Exporter Dollar sales; Stocks down
The Sri Lankan rupee edged up on Tuesday as dollar selling by exporters outpaced demand for the greenback from importers,…
Oil Prices Bounce as OPEC Promises a Cut is on the Cards
Oil rose more than 1 percent on Monday, boosted by a commitment from OPEC to stick to a deal to…
Asia stocks bounce as optimism over Clinton grows; dollar strong
Asian stocks bounced and the dollar strengthened on Monday after the FBI said it stood by its earlier recommendation that…