Markets

Asia stocks rise as risk appetite recovers, pound under fresh pressure

July 1 (Reuters) – Asian stocks rose on Friday as risk appetite continued to recover from last week’s Brexit shock, but the pound came under …

FTSE recovers Brexit losses, Brent crude down 1.2-pct

June 30 (LBO) – Asia stocks rose across the board on Thursday, tracking an overnight rally on Wall Street, while the safe-haven Japanese yen stopped …

Sri Lanka’s Amana Takaful Life announces IPO of Rs75Mn

June 28, 2016 (LBO) – Amana Takaful Life Limited (ATLL), a fully-owned subsidiary of Amana Takaful PLC, has announced an Initial Public Offering (IPO), …

Brexit vote, UK political confusion keep world and asian markets on edge

June 28 (Reuters) – Britain’s vote to leave the European Union continued to reverberate through financial markets, with the pound falling to …

Sri Lanka’s Central Bank keeps policy rates steady

June 24, 2016 (LBO) – Sri Lanka’s Central Bank has decided to keep its key interest rates steady for a fourth straight month on Friday, despite rising …

Sri Lanka CB Governor won’t seek reappointment until probe over

June 24, 2016 (LBO) – Sri Lanka’s Central Bank Governor Arjuna Mahendran has informed the Monetary Board that he will not seek a re-appointment …

Asia stocks, sterling rise as Brexit anxiety abates

June 23 (Reuters) – Asian shares edged up and sterling stood close to its peak for the year on Thursday, as investors were cautiously optimistic …

Oil prices above USD50, buoyed by U.S. stock draw

June 22 (Reuters) – Oil prices rose in early Asian trading on Wednesday, with U.S. crude joining Brent above $50 a barrel after data from the American …

Opportunities for value investors, rate hikes limited: JB Securities

June 22, 2016 (LBO) – Sri Lanka’s equity market offers opportunities for value investors as market multiples have contracted, JB Securities says in …

Sri Lankan rupee 1-wk forwards fall on importer dollar demand; stocks slip

June 22 (Reuters) – Sri Lankan rupee one-week forwards fell on Wednesday on importer dollar demand amid low liquidity for the U.S. currency after …

Sri Lanka’s debt higher than B, BB rated countries, Fitch data shows

June 21, 2016 (LBO) – Sri Lanka’s current debt levels are higher than its ‘B’ median peers or the previously rated ‘BB’ median, data from the …

Asia shares pause, sterling stands tall as Brexit vote looms

June 21 (Reuters) – Asian shares got off to a tentative start on Tuesday, as investors paused after a rally triggered by growing expectations that …

Sri Lankan rupee 1-wk forwards weaker on importer dlr demand

June 20 (Reuters) – Sri Lankan rupee one-week forwards traded weaker on Monday due to importer dollar demand while dealers said the rupee was under …

Asia stocks gain as Brexit fears ebb slightly, pound surges

June 20 (Reuters) – Asian stocks gained early on Monday as rising expectations of Britain voting to remain in the European Union lifted risk sentiment …

Asian shares face weekly losses, sterling rebounds in Brexit turmoil

TOKYO, June 17 (Reuters) – Asian shares rose on Friday, but remained on track for weekly losses in a week dominated by fears that British voters …

Sri Lanka CDS to introduce electronic voting and IPO facility this year

June 16, 2016 (LBO) – Sri Lanka’s Central Depository Systems is looking forward to introduce a fully-fledged electronic IPO and voting system during this …

Global treasuries plunge on Brexit, safe haven demand

June 16, 2016 (LBO) – The prospect of Britain leaving the European Union is boosting demand for safe haven assets, with bond yields falling to new lows, …