Category: Economy and Markets

stocks-down-lbo

Sri Lanka stocks close down 0.5-pct: Banking and Telco losses

Nov 16, 2015 (LBO) – Sri Lankan stocks closed down at 0.51 percent on Monday with 18 week low as investors kept on the sidelines mainly on budget concerns and banking and telco stocks making losses, brokers said. The Colombo benchmark All Share Price Index closed lower 35.83 points at 6,965.98 lower 0.51 percent. S&P […]

pin

Sri Lanka sets standard for plugs and socket outlets

Nov 16, 2015 (LBO) – Sri Lanka’s Public Utility Commission said that it has decided to create an enabling environment to systematically move to using one type of plug and socket outlet.The commission has decided that the Type G plug and socket outlet , widely known as the 13 ampere plug and socket outlet, commonly […]

stock-market

Analysis: Asian, Sri Lankan equities attractive on GARY valuation, says CLSA

Nov 14, 2015 (LBO) – Some equities offer dividend returns as well as earnings growth. Called Gary stocks, these are an attractive value proposition in an Asian context, Desh Peramunetilleke, the head of microstrategy for Asian brokerage and investment firm CLSA, said. “The growth at a reasonable yield, Gary strategy, has delivered strong returns globally,” […]

market-reports-up-lbo

Sri Lanka Telecom net down 70-pct in Sept

Nov 16, 2015 (LBO) – Sri Lanka Telecom said September 2015 quarter net profit fell 70 percent to 630 million rupees from 2014, interim accounts showed. The Company’s earnings per shares fell to 0.35 rupees for the September quarter from 1.15 rupees in 2014 while for the first nine months EPS fell 19 percent to […]

Tokyo-Stock-Exchange

Markets react to uncertainty after Paris attacks

Nov 16, 2015 (LBO) – World markets reacted to uncertainty on Monday after attacks in Paris that killed 129 people. The Nikkei was down 0.92 percent at 2.00 GMT with traditional safe-haven investments such as gold, the US dollar, and Japanese yen opening stronger.Gold was up 0.83 percent, the euro fell 0.5 percent against the […]

stocks-down-lbo

Sri Lanka stocks close lower 0.06-pct

Nov 13, 2015 (LBO) – Sri Lankan stocks closed down at 0.06 percent on Friday for a fourth consecutive session with more investor activity and volumes  compared to Thursday with losses in some index heavy stocks, brokers said. The Colombo benchmark All Share Price Index closed lower 4.54 points at 7,001.81 lower 0.06 percent. S&P […]

Commercial-Bank

Sri Lanka’s Commercial Bank net down 2.4-pct in Sept quarter

Nov 13, 2015 (LBO) – Sri Lanka’s Commercial Bank group profit decreased 2.4 percent to 3.2 billion rupees for the three months ended September 30 compared with the same quarter last year, the bank’s interim results showed. The group reported earnings of 3.71 rupees per share for the quarter.Gross income increased 6.63 percent to 20.3 […]

US

Unusual U.S. financial market moves defy logic, say analysts

Nov 13, 2015 (LBO) – Several strange occurances in U.S. financial markets have raised eyebrows of market analysts amid a near-zero interest rate policy. U.S. interest rates have been near zero, with loose monetary policy followed for nine years, on the heels of the subprime mortgage crisis during the 2007-2009 period. This year some Scandinavian […]

oecd

Global growth prospects dim, slowest in six years: OECD

Nov 13, 2015 (LBO) – Global growth prospects have dimmed again with the global economy expanding by less than three percent in 2015, the weakest for six years, the OECD said launching its Economic Outlook, November 2015. Below the long-run average, this growth reflects further weakness in emerging market economies, recessions in Brazil and Russia […]

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