Oil Prices Rebound on US Stockpiles Data
Oil prices recovered from two-month lows on Wednesday (Jul 20) as markets reacted to a drop in crude inventories in…
Category: BUSINESS
Srilankan Rupee Edges up on Dollar Sales by State Bank
The Sri Lankan rupee edged up on Thursday as dollar sales by a state bank outpaced the importer demand for…
Asia Markets Cautious as Tokyo’s Winning Run Ends
Japanese stocks finally fell on Wednesday (Jul 20) after six straight days of gains, and most other Asian markets moved…
Sri Lankan Rupee Falls on Importer Dollar Demand; Stocks Up
The Sri Lankan rupee fell on Wednesday due to dollar demand from importers, even as a top central bank official…
US Oil Prices Fall to Two-month Lows
Oil prices fell to two-month lows in new York on Tuesday (Jul 19) as the IMF lowered its global growth…
North American Oil Deals Trickle Back After Brexit Shock
Acquisition-hungry energy companies are back on the prowl. Dealmakers have recovered from the shock of Britain’s “Brexit” vote last month…
Asia Shares Steady, Softbank Said to bid for ARM
The U.S. dollar gained on the yen in Asia on Monday as investors unwound safe-haven trades in the wake of…
Crude Prices Trade Little-changed After Turkey’s Failed Coup
Oil prices were either side of unchanged on Sunday in early trade as the impact from Turkey’s failed military coup…
Pound Surges After BoE Skips Rate Cut
The pound surged on Thursday (Jul 14) after the Bank of England unexpectedly left interest rates unchanged following the Brexit…
Microsoft Wins Appeal to Protect Overseas Data
Microsoft on Thursday (Jul 14) scored a big victory on a keenly watched privacy battlefront, with a US appeals court…
Srilanka Tea Sees Better Demand at Auction
Sri Lankan tea prices rose at this week’s Colombo auction with some prices up by 20-30 rupees, Forbes & Walker Tea…
Oil Prices Fall on Disappointing US Inventories
Oil prices tumbled on Wednesday (Jul 13) after the US reported a smaller than expected decline in crude stockpiles and…
Korea Pledges USD300mn Development Loans to Sri Lanka Till 2018
A framework arrangement enabling Sri Lanka to obtain soft loans from the government of Korea up to 300 million dollars…
China Imports Down 2.3% on Year in June: Govt
China’s imports fell 2.3 per cent year-on-year in yuan terms in June, official data showed on Wednesday (Jul 13), in…
Airbus Sees A400M, and Possible A350, Charge with H1 Results
Airbus is likely to take a fresh charge with its first-half results for the latest problems involving its A400M military…