Sri Lanka Tea Output Dips 14.3-pct in June, Will Miss Full Year Target: Tea Board
Sri Lanka’s tea output in June fell 14.3 percent from a year earlier because of heavy rain the previous month, a…
Category: BUSINESS
Oil Prices Hit Three Month Low as US Stockpiles Mount
Oil prices retreated to the lowest level in three months on Wednesday (Jul 27) after US data showed an unexpected…
Sri Lankan Rupee Edges Down on Importer Dollar Demand
The Sri Lankan rupee edged down on Wednesday due to importer dollar demand as hopes of the currency’s appreciation after…
Apple Sells more iPhones than expected, shares jump after hours
Apple Inc sold more iPhones than Wall Street expected in the third quarter and estimated its revenue in the current…
ADB Approves USD115mn Loan for Power Sector in Srilanka
The Asian Development Bank (ADB) has approved a loan of 115 million US dollars and 3.8 million in grants to help…
Dollar, Yen Weaken as Central Banks to Meet
Currency markets were largely stable on Monday (Jul 26), with the dollar and euro weakening modestly against the yen ahead…
Oil Continues Slide on Inventory Glut
Oil futures were down again on Monday (Jul 25) as investor concerns about a supply glut showed no sign of…
Germany Grants EUR13mn for Srilanka Development Projects
Germany has granted 13 million Euros to Sri Lanka to implement five development projects during this year. Finance Ministry said…
Srilankan Rupee Edges up on Bank Dollar Sales; Stocks Slip
The Sri Lankan rupee edged up on Monday as dollar selling by a state-run bank surpassed importer demand for the…
Crude Stays Near Two-Month Low on Oil Glut Worries
Crude prices inched down on Monday in Asia, staying not far from two-month lows hit in the previous session, amid…
US Stocks Resume Upward Climb; S&P 500 at New Record
US stocks pushed higher on Friday (Jul 23), resuming their upward climb and shrugging off some disappointing earnings results as…
Oil prices fall as US drilling rig count rises again
Oil prices fell on Friday (Jul 22) as data showing an increase in US petroleum drilling activity added to worries…
Brexit Plunges UK Economy to Worst Level Since 2009, Data Suggests
Britain’s decision to leave the EU has led to a “dramatic deterioration” in economic activity, not seen since the aftermath…
Srilankan Rupee Gains on Dollar Selling by State Bank; Stocks Up
The Sri Lankan rupee rose on Friday as dollar selling by a state-run bank surpassed mild importer demand for the…
Over Supply Pushes oil Prices Downward
Oil prices were lower on Thursday (Jul 21) and markets were relatively quiet as investors showed caution due to persistent…