Category: Markets
Sri Lankan rupee weaker on importer demand
Sept 9, 2016 (Reuters) – The Sri Lankan rupee traded weaker on Friday as importer dollar demand surpassed inward remittances of the U.S. currency amid a lack of exporter conversions, dealers said. The spot rupee was at 145.10/15 per dollar at 0721GMT, compared with Thursday’s close of 145.00/15. One-weekforwards were at 145.25/35, compared with the […]
Sri Lanka to adopt chip card system before end 2017: Central Bank
Sept 09, 2016 (LBO) – Sri Lanka is looking at completely adopting the more secure and efficient chip card system before the end of next year, a Central Bank official said. This will be among several other initiatives lined up for implementing in the coming years under the 2020 road map for developing a national […]
Asian shares slip after ECB disappointment, oil jumps
TOKYO, Sept 9 (Reuters) – Asian shares slipped and global bonds came under pressure on Friday after the European Central Bank left markets in the dark on what future easing steps it may take, while oil prices jumped on an unexpected drawdown in U.S. stockpile. MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.4 […]
Asia shares, bonds spooked by central bank risks
SYDNEY, Sept 12 (Reuters) – Asian shares skidded on Monday with investors rattled by rising bond yields and talk the Federal Reserve might be serious about lifting U.S. interest rates as early as next week. Reports that the Bank of Japan was considering ways to steepen the Japanese yield curve, along with speculation that central […]
Sri Lankan rupee steady; exporter dlr sales offset importer demand
Sept 8, 2016 (Reuters) – The Sri Lankan rupee traded steady on Thursday as mild dollar demand from importers was offset by exporters’ greenback sales, dealers said. The spot rupee was at 145.40/46 per dollar at 0649 GMT, compared with Wednesday’s close of 145.40/45. One-week rupee forwards were at 145.60/65, compared with the previous day’s close […]
Asia shares near 1-year top, await China trade data, ECB
SYDNEY, Sept 8 (Reuters) – Asian shares hovered near one-year peaks on Thursday as investors awaited Chinese trade data and a policy meeting by the European Central Bank, where it may announce an extension of its asset buying campaign. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.2 percent, but that followed four days […]
Sri Lanka seeks USD250mn ADB assistance to develop capital markets
Sept 07, 2016 (LBO) – Sri Lanka’s Finance Ministry has sought the assistance of Asian Development Bank to develop the capital market in the island. Under this program 250 million US dollars will be borrowed at an annual interest rate of LIBOR plus 0.6 percent less a credit of 0.1 percent, a cabinet decision showed. […]
Asia stocks at 1-year high as soft US data quells Fed hike talk
TOKYO, Sept 7 (Reuters) – The dollar took a tumble and Asian stocks rose to one-year highs on Wednesday after surprisingly weak U.S. services sector activity put paid to already slim chances of an interest rate hike by the Federal Reserve as early as this month. MSCI’s broadest index of Asia-Pacific shares outside Japan rose […]
Mobitel to make Rs732 mln voluntary offer for E-Channelling
Sept 06, 2016 (LBO) – Mobile telecommunications company Mobitel (Private) Limited says it will make a voluntary offer to shareholders of E-Channelling PLC for a total consideration of 732 million rupees, at six rupees per share. Mobitel had entered into a share sale and purchase agreement on September 5th with Senior Marketing System Asia Pte. […]
Asian shares edge up as investors await RBA
TOKYO, Sept 6 (Reuters) – Asian shares edged up on Tuesday but were mostly in a holding pattern after Monday’s U.S. holiday, as investors awaited a policy decision from the Reserve Bank of Australia. European stocks touched an eight-month high in choppy trading then reversed as trading wound down in the absence of U.S. markets, […]
GAAM: Rs945 mln foreign inflow into stocks last week
The Guardian Acuity Asset Management weekly report can be downloaded here [pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2016/09/Weekly-Report-GAAM-20-08-16.pdf” title=”Weekly Report GAAM 20 08 16″]
Sri Lankan rupee edges up as dollar sales surpass importer demand
Sept 05, 2016 (Reuters) – The Sri Lankan rupee was marginally higher on Monday, supported by exporter dollar sales and on lack of importer demand for the greenback, dealers said. The spot rupee was at 145.45/50 per dollar at 0553 GMT, slightly firmer from Friday’s close of 145.48/53, while one-week rupee forwards were at 145.60/65, […]