Google Launches Pixel Smartphone in Hardware Push
Google opened fire on rivals Apple, Samsung and Amazon in a new push into hardware on Tuesday (Oct 4), launching…
Category: BUSINESS
IMF Warns of Protectionist Threat to Global Growth
The International Monetary Fund on Tuesday (Oct 4) said protectionist political trends risked “turning back the clock” on free trade,…
Asian Markets Rise Again, Pounds Hits 31-Year Low
Asian markets rose on Tuesday (Oct 4) with Japanese stocks boosted by a weaker yen, while the pound hit a…
Ericsson to cut up to 4,000 jobs in Sweden
Telecoms equipment maker Ericsson has notified Sweden’s government that it will announce on Tuesday the cutting of 3,000 to 4,000…
Oil Drifts After Brent Hits US$50 Per Barrel
Oil prices drifted on Monday (Oct 3) after Brent crude hit US$50 a barrel and US crude reached three-month highs…
Sri Lankan Rupee Edges up as Tight Liquidity Prompts Dollar Sales
The Sri Lankan rupee traded slightly firmer on Friday, after four straight sessions of losses, as tight rupee liquidity triggered…
Asia Powers 4% Rise in World Tourism in First Half
International tourism grew 4.0 percent in the first half of this year, with Asia posting the strongest growth, the World…
Oil Prices Rise Despite Doubts Over OPEC Output Deal
Oil prices on Thursday (Sep 29) added to steep gains fuelled by OPEC’s deal to cut crude output, but analysts…
BlackBerry Stops Making Phones
It’s official. BlackBerry Ltd., the Canadian company that invented the smartphone and addicted legions of road warriors to the “CrackBerry,”…
Oil Rallies After Opec Ministers Announce Output Cut
The oil producers cartel Opec has agreed a preliminary deal to cut production for the first time in eight years,…
ADB Lowers Sri Lanka Growth in 2016 to 5-pct from 5.3-pct
The Asian Development Bank (ADB) has lowered the economic growth forecast for Sri Lanka to 5.0 percent for 2016 from…
Oil Down 3% as Saudi, Iran Dash Hopes for Algiers Deal
Oil fell about three per cent on Tuesday after Saudi Arabia and Iran dashed market hopes that the two major…
Sri Lankan Rupee Weaker on Importer Dollar Demand
The Sri Lankan rupee traded weaker on Tuesday as seasonal demand for dollar from importers exceeded sales by exporters and…
Asia stocks, Mexico peso bounce as markets score one for Clinton
Asian shares recovered from an early bout of nerves while the Mexican peso surged on Tuesday as investors awarded the…
Oil Prices Rally Before Algiers Meeting
Oil prices jumped on Monday (Sep 26), boosted by hopes that major oil producers will agree at an Algeria gathering…