Srilanka Tourist Arrivals up 19-pct in July, Crosses 1mn
Sri Lanka’s tourist arrivals in July were up 19 percent to 209,351, with China and India showing the strongest growth,…
Category: BUSINESS
Oil Prices Rise for Second Day as Gasoline Stocks Lower
Oil prices continued to rise on Thursday (Aug 4), making for a second straight day of increases in what has…
Srilankan Rupee up on Bond Buying by Foreigners; Spot Starts Trading
The Sri Lankan rupee gained on Thursday as foreign investors sold dollars to buy local bonds on hopes of higher…
As US Crude Wobbles Near US$40, New Oil Rally in Doubt
U.S. crude’s slide below US$40 a barrel this week has hardened the resolve of oil market bears to drive prices…
HSBC Profits Plunge as Brexit Uncertainty Bites
HSBC said on Wednesday (Aug 3) net profit plunged in April-June and that the bank was heading into “a period…
In First Since April, Oil Closes Below US$40 in New York
Oil prices dropped below the US$40 dollar mark in New York for the first time since April as bear markets…
Asian Shares Weaken, Australian Rate Decision Awaited
Asian shares slipped on Tuesday, taking their cues from a modestly lower day on Wall Street, while crude oil prices…
After Blip, Oil Prices Continue Downward Fall
Oil prices returned to their downward course on Monday, as extended declines in prices darkened the mood among investors. A…
Oil Falls as Oversupply Still Weighs on Market
Oil fell on Monday morning, reversing earlier gains, as increases in OPEC production and U.S. oil rig additions continued to…
Srilankan Rupee Steady in Dull Trade; Bond Holders Book Profit
The Sri Lankan rupee was steady in thin-volume trade on Monday as the market waited to watch the impact of…
World Bank Approves USD100 million to Support Govt’s Economic Reforms
The World Bank Board has approved a 100 million dollar credit from the International Development Association (IDA) to support the…
Srilanka foreign reserves USD6.4 bln in July: CB official
Srianka’s official reserves were 6.4 billion US dollars at the end of July, up from 5.27 billion US dollars at…
Oil Prices Remain Near Three-month Lows
Oil prices showed no sign of ending their downward march on Thursday (Jul 28), remaining at three-month lows while some…
Srilanka’s Central Bank Increases Policy Rates by 50bps
July 28, 2016 (LBO) – The Monetary Board has decided to increase the main policy interest rates of the Central…
Apple Says One Billion iPhones Have Been Sold
Apple announced on Wednesday the sale of its billionth iPhone, a milestone for the company as it seeks to keep…