Category: Markets
Sri Lankan rupee trades steady; dollar selling by foreign investors eases pressure
Aug 23, 2016 (Reuters) –The Sri Lankan rupee held steady for a seventh straight session on Tuesday, with dealers hesitating to trade in the local currency below 145.50 per dollar anticipating central bank intervention to defend the currency, dealers said. Foreign investors were seen selling the U.S. currency, which helped ease pressure on the rupee […]
GAAM: Market rallied 1.2 pct last week, Rs50 mln foreign inflow
The Guardian Acuity Asset Management weekly can be downloaded here [pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2016/08/Weekly-Report-GAAM-20-08-16.pdf” title=”Weekly Report GAAM 20 08 16″]
Asia stocks edge up, dollar dips as markets await Fed clues
SYDNEY, Aug 23 (Reuters) – Asia shares inched ahead while the dollar slipped on Tuesday as a dearth of major data left markets with little to do but second guess whether the Federal Reserve will raise U.S. interest rates this year. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.2 percent, with South […]
Sri Lankan rupee steady; importer demand offsets exporter dollar sales
Aug 19, 2016 (Reuters) – The Sri Lankan rupee was steady for a fifth straight session on Friday as dollar sales by exporters and banks were offset by demand for the U.S. currency from importers, dealers said. The spot rupee was at 145.50/55 per dollar at 0632 GMT, unchanged from Thursday’s close. “The demand is […]
Correction: Fitch downgrades NDB, affirms 8 banks, revises outlook on DFCC, Sampath
(Correction: This announcement replaces the version published on 22 June 2016 to correct the Support Rating of DFCC Bank PLC to ‘5’ instead of ‘4’ and the rating action on the Support Rating to “downgrade” instead of “affirmed”) Aug 19, 2016 (LBO) – Fitch Ratings says it has downgraded Sri Lanka’s National Development Bank PLC’s […]
More Sri Lanka IPOs to come by end 2016: CSE official
Aug 19, 2016 (LBO) – Sri Lanka will see some new IPOs on the Colombo Stock Exchange by the end of 2016 and also expect some non strategic state enterprises to list, a senior official said. “There are few IPOs in the pipeline,” Rajeeva Bandaranaike, the chief executive of the CSE, said. “We are waiting […]
Asia rides Wall St higher, buoyant crude nears 6-week highs
TOKYO, Aug 19 (Reuters) – Asian stocks edged up on Friday as Wall Street benefited from buoyant crude oil prices and expectations U.S. borrowing costs will remain at stimulatory levels at least until year-end. Japan’s Nikkei added 0.5 percent and South Korea’s Kospi tacked on 0.2 percent. Australian shares added 0.1 percent. MSCI’s broadest index […]
Asia stocks rise, dollar falls as Fed minutes cool rate hike views
TOKYO, Aug 18 (Reuters) – Asian stocks edged up early on Thursday and the dollar fell after the Federal Reserve’s latest meeting minutes showed policymakers were in no hurry to add to U.S. borrowing costs. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2 percent, thanks to hopes that the Fed’s accommodative stance – […]
GAAM: Foreign inflow of Rs535 Mln for the week
The Guardian Acuity Asset Management weekly can be downloaded here [pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2016/08/Weekly-Report-GAAM-13-08-161.pdf” title=”Weekly Report GAAM 13 08 16(1)”]
Asian shares hits 1-year high, oil supported
TOKYO, Aug 16 (Reuters) – Asian shares rose to one-year highs, extending their gains so far this year to almost 10 percent, helped by a jump in oil prices and investor expectations of continued easy monetary policy around the globe. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.2 percent, bringing its gains […]
Sri Lanka rupee steady; exporter dlr sales offset by importer demand
Aug 12, 2016 (Reuters) – The Sri Lankan rupee was steady on Friday as dollar sales by foreign investors and exporters were offset by mild demand for the importer greenback, dealers said. The spot rupee ended at 145.50/53 per dollar at 0636 GMT, compared with Thursday’s close of 145.50/52. “We see a few foreign banks […]
Sri Lanka expects USD671mn BOP surplus for 2016: Finance Minister
Aug 11, 2016 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake told Parliament Thursday that the government expects 671 million US dollars worth surplus in the overall balance of payment account for 2016. Karunanayake said the government forecasts around 11,374 million US dollars of foreign exchange earnings and 10,703 million US dollars foreign exchange payments […]