Hyundai Motor union stages first full strike in 12 years
Hyundai Motor’s South Korean labor union staged its first full nationwide strike in 12 years on Monday over wages, putting…
Category: BUSINESS
Colombo captured 4th Place in Fast Developing Cities
In 2016 International index on developing cities in the world, among 132 cities, Colombo has been mentioned as the fourth…
Algeria Calls for OPEC Decision to Stabilise Oil Price
The world’s top oil producers “must take a decision” to stabilise prices, Algeria’s energy minister said on Sunday (Sep 25)…
Samsung delays South Korea re-start of Note 7 sales by 3 days
Tech giant Samsung Electronics Co Ltd said on Sunday (Sep 25) it was delaying the start of new Galaxy Note…
Wall Street Slumps on Weak Ttech, Energy Shares
Weakness in energy equities and technology giants Apple and Facebook pushed US stocks lower on Friday (Sep 23), cutting into…
Sri Lankan Shares up for Third Straight Session on Blue Chips
Sri Lankan stocks edged up for a third straight session on Friday posting a more than one week closing high,…
Saudis Reportedly Doubt oil Output Deal, and Prices Tumble
Oil prices fell sharply late on Friday (Sep 23), wiping out much of the week’s gains, after reports that Saudi…
Asia Shares Hold Near 14-month Peak on Fed relief, JGB yields fall
Asian shares held near 14-month highs on Friday as investors restored bets the Federal Reserve is settling into a phase…
ADB to Give Sri Lanka USD24.2Mn for Transport Feasibility Studies
The Asian Development Bank (ADB) will help Sri Lanka prepare studies and designs for new road, railway, and port projects…
Oil Market Gains Ahead of Algiers Meeting
Oil prices climbed on Thursday (Sep 22), building on the previous day’s gains, as traders looked ahead to a key…
Sri Lankan Rupee Edges up on Bank Dollar Sales; Stocks up
The Sri Lankan rupee edged up on Thursday as dollar sales by a foreign bank helped currency forwards outpace importer…
Oil Prices Climb on Big Fall in US Stockpiles
A big drop in US crude stockpiles sent oil prices sharply higher on Wednesday (Sep 21). The US benchmark West…
New Markets Needed to Offset Sri Lanka Tea Downturn: OBG
Adverse weather conditions, combined with rising costs and greater competition, threaten to weaken Sri Lanka’s position in the global tea…
Microsoft Raises Dividend, Plans US$40 Billion Share Buyback
Microsoft Corp on Tuesday raised its quarterly dividend by 8 percent and said it would buy back up to US$40…
Oil Steady with Producers’ Meeting, US Data on Horizon
Oil prices stabilised on Tuesday (Sep 20) in the run-up to a producers meeting next week, while traders were also…