Category: Markets
Sri Lanka cabinet approves capital market strategy 2016-2020
Oct 27, 2016 (LBO) – Sri Lanka’s cabinet has given the nod for the government to follow a five-year capital market strategy in order to attract investors, issuers, institutions and mediators, a statement said. “Although the capital market plays a major role in economic development and sustainable development in rising economies in the world Sri […]
GAAM: Net foreign inflow of Rs518 mln for week
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Asia stocks slide after Wall Street losses, oil drops on glut concerns
SINGAPORE, Oct 26 (Reuters) – Asian shares tumbled in early trade on Wednesday, following in the footsteps of Wall Street, which pulled back on disappointing earnings, while the dollar inched down from a seven-month high and oil prices slid. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.3 percent. Japan’s Nikkei lost 0.2 percent, […]
Asia shares slip after Apple results weigh, dollar off highs
TOKYO, Oct 27 (Reuters) – Asian shares edged down on Thursday after disappointing earnings from technology giant Apple dragged on Wall Street, while the dollar remained shy of this week’s nearly nine-month highs. Besides Apple, results and forecasts from some other major U.S. companies also weighed on U.S. markets overnight. The S&P 500 and the […]
Sri Lankan rupee weaker on importer dollar demand; stocks up
Oct 25, 2016 (Reuters) – The Sri Lankan rupee edged down on Tuesday due to importer dollar demand and a lack of exporter sales, but selling of the greenback by a state bank capped further fall in the domestic currency, dealers said. They added the moral suasion by the central bank discouraged trading in the […]
Asia shares track Wall St higher, US dlr firm
SYDNEY, Oct 25 (Reuters) – Asian shares edged higher on Tuesday while the dollar stood firm as upbeat U.S. earnings boosted Wall Street and factory surveys in the United States and Europe boasted their best readings so far this year. MSCI’s broadest index of Asia-Pacific shares outside Japan inched up 0.1 percent with most components […]
Sri Lanka rupee down on importer dollar demand
Oct 24, 2016 (Reuters) – The Sri Lankan rupee edged down on Monday due to dollar demand by importers, but moral suasion by the central bank discouraged trading in the spot currency market, said dealers. Rupee forwards were active, with the spot-next at 147.90/95 per dollar as of 0801 GMT, down from its previous close […]
Asian stocks subdued, dollar hovers near 9-month high
TOKYO, Oct 24 (Reuters) – Asian stocks were subdued early on Monday after Wall Street’s sluggish performance at the end of last week, while the dollar hovered near nine-month highs as fresh comments from a Federal Reserve official boosted bets of a rate hike by year-end. MSCI’s broadest index of Asia-Pacific shares outside Japan inched […]
Sri Lankan rupee steady; importer demand offsets exporter dollar sales
Oct 21, 2016 (Reuters) – The Sri Lankan rupee was trading steady on Friday, with dollar demand by importers offsetting conversions of the U.S. currency by exporters, said dealers. Rupee forwards were active, with the spot-next at 147.45/55 per dollar as of 0701 GMT, little changed from its previous close of 147.45/50. The spot rupee […]
Asia stocks slip as stronger dollar weighs on crude oil prices
TOKYO, Oct 21 (Reuters) – Asian stocks were mostly lower on Friday as the dollar climbed to seven-month highs against a basket of currencies and dragged down crude oil prices, cooling investor risk appetite. The greenback was boosted by a fall in the euro after the European Central Bank shot down talk it was contemplating […]
Asian stocks ride US momentum, oil near 15-month high
SINGAPORE, Oct 20 (Reuters) – Asian stocks advanced on Thursday, propelled by strong U.S. earnings and oil prices near a 15-month high, as the third and final U.S. presidential debate before the Nov. 8 election got underway. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.25 percent. Japan’s Nikkei extended gains to 0.9 percent. […]
Asian shares manage muted cheer for China growth
SYDNEY, Oct 19 (Reuters) – Asian shares held early gains on Wednesday as a barrage of Chinese data confirm the economy had stabilised on the back of government spending and a hot housing market, even if worries about debt continue to mount. The initial reaction was muted with few fireworks in the figures and Shanghai […]