Category: Markets
Asian shares flat, yen hits 2-week high ahead of BOJ
TOKYO, July 29 (Reuters) – Asian shares held near one-year highs while the yen hit a two-week high on Friday in nervous trade as investors waited to see if the Bank of Japan will come up with stimulus that would meet markets’ expectations. MSCI’s broadest index of Asia-Pacific shares outside Japan was flat in early […]
Sri Lanka’s Central Bank increases policy rates by 50bps
July 28, 2016 (LBO) – The Monetary Board has decided to increase the main policy interest rates of the Central Bank, the Standing Deposit Facility Rate and the Standing Lending Facility Rate, by 50 basis points each to 7.00 percent and 8.50 percent respectively, effective from the close of business on 28 July 2016. “The […]
Sri Lanka rupee up on bank dlr sales; c.bank rate decision eyed
July 28, 2016 (Reuters) – The Sri Lankan rupee edged up on Thursday as banks’ dollar sales surpassed mild demand for the greenback from importers, ahead of the central bank’s monetary policy rate announcement later in the day, dealers said. The central bank is expected to keep its key interest rates steady for a fifth […]
Sri Lankan rupee edges down on importer dollar demand
July 27, 2016 (Reuters) – The Sri Lankan rupee edged down on Wednesday due to importer dollar demand as hopes of the currency’s appreciation after a recent sovereign bond inflow evaporated, dealers said. One-week rupee forwards, which have been acting as a proxy for the spot rupee, traded at 146.20/40 per dollar, slightly weaker than […]
Asian shares edge up on Wall Street lead, pre-Fed nerves limit gains
TOKYO, July 27 (Reuters) – Asian stocks edged up early on Wednesday following a relatively upbeat session overnight for U.S. and European stocks, with caution ahead of the Federal Reserve’s policy decision capping gains. The safe-haven yen sat atop large gains as hopes for a large fiscal stimulus package out of Japan faded. MSCI’s […]
POLL: Sri Lanka Central Bank expected to keep policy rates steady
July 26, 2016 (Reuters) – Sri Lanka’s central bank is expected to keep its key interest rates steady for a fifth straight month on Thursday, a Reuters poll showed, despite signs that inflation and private sector credit growth are picking up. The central bank has tightened monetary policy twice since December to fend off pressure on the fragile rupee […]
Sri Lankan rupee steady; exporter dollar sales offset importer demand
July 26, 2016 (Reuters) – The Sri Lankan rupee traded steady on Tuesday in dull trade as importer demand for the dollar was offset by greenback selling by exporters, dealers said. One-week rupee forwards, which have been acting as a proxy for the spot rupee, were steady at 146.20/35 per dollar compared with Monday’s close […]
Sri Lankan rupee edges up on bank dollar sales; stocks slip
July 25, 2016 (Reuters) – The Sri Lankan rupee edged up on Monday as dollar selling by a state-run bank surpassed importer demand for the greenback, dealers said. One-week rupee forwards, which have been acting as a proxy for the spot rupee, were at 146.05/20 per dollar at 0623 GMT, compared with Friday’s close of […]
Sri Lanka Mackwoods Chairman responds to SEC’s directive
July 23, 2016 (LBO) – Chairman of Mackwoods Plantations Pvt Ltd, Dr Chrishantha Nonis, says the sale of 60.8 percent shares of Agalawatte Plantations PLC was carried out with due authorization and instructions being issued to the stock broker. On 14th of July, Browns Power Holdings (Private) Limited purchased 15,200,000 ordinary shares, or 60.3 percent, […]
Sri Lankan rupee gains on dollar selling by state bank; stocks up
July 22, 2016 (Reuters) – The Sri Lankan rupee rose on Friday as dollar selling by a state-run bank surpassed mild importer demand for the greenback. One-week rupee forwards, which have been acting as a proxy for the spot rupee, were at 145.80/146.00 per dollar at 0544 GMT, compared with Thursday’s close of 146.30/40. “I […]
U.S. investors prefer real estate and cash to stocks: survey
July 22, 2016 – Retail investors are showing signs they have lost faith in U.S. stocks, and that real estate and cash are the most popular investments, a Bankrate survey shows. Out of 1,000 adults asked what they would do with their money if they didn’t need it for 10 years, a quarter said they […]
‘s Amana Takaful Life Rs75 Mln IPO oversubscribed
July 22, 2016 (LBO) – The Initial Public Offering of Amana Takaful Life Limited via an offer for sale of 75 million rupees was oversubscribed on its opening day Thursday. The company offered 50 million ordinary voting shares at 1.50 rupees per share on the Diri Savi Board of the Colombo Stock Exchange, which represents […]