Asian stocks at three-week lows on weak China data; dollar strong
Asian stocks stumbled to three-week lows and U.S. stock futures and Treasury yields fell after China’s September trade data showed…
Category: BUSINESS
Asia Markets Hit by US Rate Fear, Samsung dips further
Asian markets retreated on Wednesday (Oct 12) on fears about an expected US interest rate rise this year, while the…
Sri Lankan rupee edges up on exporter dollar sales; shares down
The Sri Lankan rupee edged up on Wednesday as dollar selling by exporters outpaced importer demand for the greenback ahead…
Oil glut to Last Until Mid-2017 Unless OPEC Cuts Output: IEA
A massive oil glut may weigh on world markets deep into next year unless the OPEC producer cartel makes good…
Sri Lankan Rupee Edges up on Dollar Selling by Exporters
The Sri Lankan rupee edged up on Tuesday, recovering after three straight sessions of losses on dollar selling by exporters,…
Airbus to cut A380 assembly rate to one aircraft per month from 2018
Airbus plans to slow the assembly rate of its A380 superjumbo to one aircraft per month from 2018, the head…
US oil prices close at US$51.35 a barrel, highest for 2016
US oil prices finished at their highest level of 2016 on Monday (Oct 10) after President Vladimir Putin said Russia…
Facebook Pays More UK Tax After Outcry
Facebook paid £4.17 million ($5.18 million, 4.63 million euros) in British corporation tax last year, up from just £4,327 in…
Samsung Electronics Suspends Galaxy Note 7 Production
Samsung Electronics Co Ltd has suspended production of its Galaxy Note 7 smartphones following reports of fires in replacement devices,…
Boeing Delivers Fewer Planes in Third Quarter, Orders Fall
Boeing Co said it delivered 188 commercial aircraft in the third quarter, down from 199 a year earlier, as deliveries…
World Bank, IMF Challenged by Anti-Globalisation Wave
Global finance leaders on Thursday (Oct 6) publicly confronted the rising unpopularity of trade liberalisation, saying world economies needed to…
Asian stocks track Wall St rally after US data
Asian markets rose on Thursday (Oct 6), while the dollar strengthened further on growing expectations the US will hike interest…
Sri Lankan Rupee Falls Slightly on Importer Dollar Demand
The Sri Lankan rupee edged down on Thursday due to importer dollar demand in the absence of central bank intervention,…
OPEC, non-OPEC producers plan informal meet in Istanbul to discuss Algiers deal: Algeria
OPEC and non-OPEC oil producers plan an informal meeting in Istanbul Oct. 8-13 to discuss how to implement a production…
Most Asia Stocks Down as Bank Policy Fears Return
Expectations the US will hike interest rates and the EU will also tighten monetary policy dragged most Asian and European…