Oil Rally Continues as Brent Tops US$50 Per Barrel
Oil prices continued to rally on Thursday with Brent oil topping US$50 a barrel following data showing lower US crude…
Category: BUSINESS
Oil Prices Higher as US Stockpiles Drop
Oil prices edged higher on Wednesday (Aug 17) as the weekly US inventories report showed significant declines in stockpiles of…
Srilankan rupee trades steady; State Bank Buying Offsets Exporter Dollar Sales
The Sri Lankan rupee was steady on Tuesday as dollar sales by exporters were offset by demand for the U.S.…
Oil Continues Rise on Hopes of Production Freeze
Oil prices continued to rise on world markets on Monday (Aug 15), lifted by remarks from a Russian official who…
Srilankan Rupee Steady in Dull Trade
The Sri Lankan rupee was steady on Monday as dollar sales by exporters were offset by importer demand for the…
Northern Economic Center at Therkkawatha in Vavuniya
The question of locating the Northern Economic Center was dragging on for a long time in the past. Different locations…
Asia Stocks Mixed as Oil Price Depresses Outlook
Asian markets fluctuated on Thursday (Aug 11) following a slump in the oil price driven by fresh indications of oversupply.…
Oil Falls Again on High US Stocks, Saudi Production
Oil prices continued to fall on Wednesday (Aug 10), driven in part by elevated US crude inventories and Saudi Arabia’s…
Asian Shares Near one-year High, Dollar Slips After Soft US Data
Asian shares held near one-year highs on Wednesday as investors pared expectations slightly for a Federal Reserve interest rate increase…
Srilankan Rupee Trades Steady; Stocks Little Changed
The Srilankan rupee traded steady on Tuesday as dollar demand by importers was offset by conversions of the U.S. currency…
Oil Prices Continue Rise on World Markets
Oil prices continued to rise on Monday (Aug 8), with benchmark crude moving up more than a dollar per barrel…
Asian Stocks Rise as Investors Hunt for Yield; Aussie Shines
Investors flocked to higher-yielding assets on Monday after strong U.S. jobs data on Friday lifted confidence – driving up Asian…
Russia Sees no Grounds for New Talks on Oil Output Freeze Yet
Russia, the world’s top oil producer, sees no grounds for new talks on freezing oil production yet but is open…
Srilanka Foreign Reserves at USD6.5bn by end July: Central Bank
Sri Lanka’s official reserves were 6.48 billion US dollars at the end of July, up from 5.27 billion US dollars…
Oil prices Slip as Dollar Strengthens on Jobs Report
Oil prices dipped slightly in New York on Friday (Aug 5) as the dollar rose on exchange markets following robust…