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Thursday, December 12, 2019
Business

Business

Sri Lankan rupee ends weaker; stocks down

Sri Lanka’s rupee closed weaker for the fifth straight session on Friday (21) on continued demand for dollars from banks, while equities ended the...

Sri Lanka’s second quarter GDP growth slumps to over five-year low as Easter attacks...

Sri Lanka’s economy grew at its slowest pace in more than five years from April to June, government data showed on Wednesday (18), as...

‘More Indian involvement in Sri Lanka economic sector favoured’

A Sri Lankan Minister on Monday (16) favoured more Indian involvement in the island nation’s economic sector, saying his country wants to be a...

Sri Lankan rupee ends weaker amid continued foreign outflows; stocks edge up

Sri Lanka’s rupee closed weaker on Monday, with continued foreign outflows from government securities, while equities ended slightly firmer for the second straight session. The...

Sri Lanka rupee recovers from seven-month closing low; stocks slip

Sri Lanka’s rupee closed slightly firmer on Friday (30), snapping three straight sessions of losses and recovering from a seven-month closing low hit in...

Sri Lanka rupee ends at seven-month low; foreign fund outflow weighs

Sri Lanka’s rupee fell on Wednesday (28) to its seven-month closing low as foreign fund outflows after the central bank cut key monetary policy...

Amazon opens its largest campus in India’s Hyderabad

AMERICAN multinational e-commerce giant Amazon.com Inc opened its largest campus building in the southern Indian city of Hyderabad on Wednesday (21). The newly inaugurated Hyderabad campus took more than 36 months to be...

Sri Lanka central bank seen standing pat but rate cut not ruled out: Reuters...

Sri Lanka's central bank is expected to leave its key interest rates unchanged on Friday (23), a Reuters poll showed, but a surprise rate...

Sri Lanka shares recover from near two-week closing low; rupee down

Sri Lankan shares recovered on Tuesday (20) from a near two-week closing low in the previous session, led by financials and consumer staples, but...

Sri Lanka shares decline on profit-taking; rupee weaker

Sri Lankan shares snapped their five-session gaining streak on Tuesday (30) as investors booked profits, while the rupee ended weaker due to importer dollar...