Sri Lankan Rupee Edges up on State Bank Dollar Sales
The Sri Lankan rupee gained slightly on Tuesday as a state bank sold dollars after the local currency fell due…
Category: BUSINESS
Sri Lanka Stock Earnings +6 pct in June Quarter, Valuations Improve
Sri Lankan listed companies posted earnings of 49.9 billion rupees in the quarter to June, up six percent from the…
Oil Edges Higher on Hopes for Output Deal
World oil prices rose slightly on Monday on supply concerns in Libya and Nigeria, and after OPEC member Venezuela indicated…
Sri Lankan Rupee Edges Down on Importer Dollar Demand; Stocks Fall
The Sri Lankan rupee traded weaker on Monday as importer dollar demand surpassed selling of the U.S. currency by exporters,…
Central Bank to introduce repo transactions on electronic platform
Sri Lanka’s Central Bank is considering introducing the repurchase and reverse repurchase transactions to the Bloomberg electronic bond trading platform.…
Asia Stocks Rally on Steady Fed bet, Oil Bounces
Asian shares advanced on Monday as markets wagered the U.S. Federal Reserve would skip a chance to raise rates this…
Sri Lanka GDP expands 2.6-pct in second quarter 2016
Sri Lanka’s economy expanded 2.6 percent in the second quarter of 2016 from a year earlier, led by services activities,…
Sri Lanka Tea Sees Fair Demand at Auction
Sri Lankan tea overall saw fair demand at this week’s Colombo auctions with demand improving towards end of day, brokers…
Dollar Dips Along With Yield on Treasury Notes
The dollar weakened slightly on Wednesday (Sep 14) but currency markets generally lacked direction ahead of next week’s decision on…
Oil Prices Drop as Libya Moves to Boost Exports
World crude prices sank on Wednesday (Sep 14) as Libya’s state oil company said it would double production within four…
Oil Prices Hold Gains for Week Despite Friday Tumble
Oil prices fell heavily on Friday (Sep 9) on profit-taking, losing nearly all of the previous session’s sizeable gains. But…
Sri Lankan Rupee Weaker on Importer Demand
The Sri Lankan rupee traded weaker on Friday as importer dollar demand surpassed inward remittances of the U.S. currency amid…
Oil Prices Surge on Sliding US Crude Stockpiles
Oil prices jumped on Thursday (Sep 8) on data showing a massive drop in US crude stockpiles due largely to…
Asian Markets Fall as Seoul, Won Hit by N Korea Test
South Korean stocks and the won tumbled Friday (Sep 9) following another suspected nuclear test by the North, while most…
Sri Lankan rupee steady; exporter dlr sales offset importer demand
The Sri Lankan rupee traded steady on Thursday as mild dollar demand from importers was offset by exporters’ greenback sales,…