Sri Lankan Rupee Firms on Dollar Selling by Foreign Bank; Stocks Rise
The Sri Lankan rupee rose on Wednesday as a foreign bank sold dollars on behalf of investors keen to buy…
Category: BUSINESS
Sri Lankan Rupee Falls as Foreign Investors Prefer New Eurobonds
The Sri Lankan rupee fell on Tuesday on a lack of exporter dollar conversions and as foreign investors cut down…
Oil Prices Fall on Worries About Oversupply
Oil prices fell on Monday (Jul 11) as worries about global oversupply return to the fore and the dollar strengthened,…
HSBC avoided US Money Laundering Charges Because of Market Risk fears
US officials refused to prosecute HSBC for money laundering in 2012 because of concerns within the Department of Justice that…
Sri Lanka’s BOI Signs 46 New Investment Agreements in June
The Board of Investment of Sri Lanka has signed 46 new investment agreements totaling 982 million US dollars, a statement said.…
Airbus set for Virgin, Germania order boosts at Farnborough
Airbus is set to announce a key order for 8-10 of its biggest twin-engined model, the A350-1000, from Virgin Atlantic…
US shale Firms’ first-quarter Hedging Rush may Squeeze Margins, Spur Output
As oil prices began recovering from 13-year lows early this year, U.S. shale producers ramped up their hedges against another…
Asian shares Slide as Investors Ponder Stimulus Outlook
Asian shares snapped a five-day winning streak on Tuesday as investors took stock of a rally driven by hopes that…
Sri Lanka Ports Authority Profit Rises Along With Debt
Sri Lanka Ports Authority boosted profits by 43.7 percent to 4.6 billion rupees before tax, during the first four months…
Euro Climbs vs Dollar; Pound Slides
The euro leaped against the dollar on Friday (Jul 1) as the market continued to rebound from Brexit slumps, while…
Oil Boosted by Turkey, Bangladesh Attacks
Oil prices finished a choppy week higher on Friday (Jul 1) as an apparent hostage crisis in Bangladesh revived worries…
Sri Lanka Exports Drop 11.2-pct in March, Trade Gap Widens
Sri Lanka’s exports fell a faster 11.2 percent to 945.4 million US dollars in March 2016 while imports fell at…
Japan Provides Rs2.4bn aid for Sri Lanka’s Maritime Safety
The Japanese government has granted 1,830 million Japanese Yen (Rs2.4bn) to Sri Lanka for the implementation of a maritime safety…
Oil Prices Retreat From US$50 a Barrel
Oil prices fell sharply on Thursday (Jun 30), backing away from US$50 a barrel on profit-taking and diminishing worries about…
Asia Stocks Rise as Risk Appetite Recovers, Pound Under Fresh Pressure
Asian stocks rose on Friday as risk appetite continued to recover from last week’s Brexit shock, but the pound came under renewed…