Sri Lankan Rupee Weaker; Remittances Prevent Steeper Fall
The Sri Lankan rupee traded weaker on Monday due to importer dollar demand, but the month-end inward remittances capped the…
Category: BUSINESS
Oil Falls as Non-OPEC Yet to Pledge Concrete oil Output Steps
Oil prices extended declines on Monday (Oct 31) after non-OPEC producers made no specific commitment to join OPEC in limiting…
Sri Lankan Rupee Weaker; Central Bank’s Moral Suasion Caps Fall
The Sri Lankan rupee traded weaker on Thursday with the central bank raising the spot reference rate by 50 cents…
Most Asia Markets Dip but Tokyo Lifted by Weak Yen
Japanese stocks rose Friday on a weaker yen as another feeble inflation reading put fresh pressure on Tokyo, but most…
Apple adds Touch Screen Keys to MacBook Pro, Price Jump Startles Some
Apple Inc unveiled a revamped MacBook Pro on Thursday, adding a fingerprint reader, replacing function keys with a small touch…
Sri Lankan Rupee Weaker; Moral Suasion Caps Fall
The Sri Lankan rupee traded weaker on Thursday on importer demand for the U.S. currency with moral suasion by the…
Samsung Electronics Vows Mobile Rebound, Dangles Buyback After Note 7 Shock Leftright 9/9Leftright
Samsung Electronics Co Ltd on Thursday said it aims to recover quickly from the disastrous withdrawal of the fire-prone Galaxy…
Microsoft Launches First Desktop, Windows Update with 3D Features
Microsoft Corp on Wednesday unveiled its first-ever desktop computer and a free update to its Windows operating system that allows…
Asia Stocks Slide on Wall Street Losses, Oil Drops as Glut Worries Return
Asian shares on Wednesday followed in the footsteps of Wall Street, which pulled back overnight on disappointing earnings, while the…
Apple Profit Slips 19% to US$9b on Lower iPhone Sales
Apple’s quarterly profit slumped on a widely expected drop in iPhone sales, but gains in services offered some optimism on…
Twitter Plans to Cut About 300 Pore Jobs: Bloomberg
Twitter Inc may cut 8 percent of its workforce or about 300 people, Bloomberg reported on Monday, citing people it…
Samsung’s Prestige Takes Another hit Over Lawsuit
A South Korean law firm said Tuesday (Oct 25) that it expected thousands more people to join a class action…
Boeing Takes on Peers, Partners in bid for Replacement Parts Business
In search of higher profits margins, Boeing Co is aiming to win more of the lucrative market for replacement parts…
Sri Lanka Rupee Down on Importer Dollar Demand
The Sri Lankan rupee edged down on Monday due to dollar demand by importers, but moral suasion by the central…
Oil Price Down Cycle Nearing End – Saudi Minister
RIYADH: Saudi Oil Minister Khalid al-Falih said on Sunday (Oct 23) that the current cycle of falling crude prices is…