Tag: lbo.lk
Asian shares manage muted cheer for China growth
SYDNEY, Oct 19 (Reuters) – Asian shares held early gains on Wednesday as a barrage of Chinese data confirm the economy had stabilised on the back of government spending and a hot housing market, even if worries about debt continue to mount. The initial reaction was muted with few fireworks in the figures and Shanghai […]
Asian stocks lifted by firmer oil prices; dollar steady
HONG KONG, Oct 18 (Reuters) – Asian stocks crept up on Tuesday thanks to a rebound in oil prices and the dollar consolidated recent gains although underlying risk appetite was cautious on concerns over capital outflows and weak data, especially from China. Special focus will be on China’s B Share market, which was trading up […]
Fitch downgrades PABC, Affirms four small and mid-sized banks
Oct 17, 2016 (LBO) – Sri Lanka Fitch has downgraded Pan Asia Banking Corporation’s (PABC) National Long-Term Rating to ‘BBB-(lka)’ from ‘BBB(lka)’ and confirmed ratings of four small, mid-size banks, a statement said. The Outlook on PABC is revised to Stable from Negative, the rating agency said in a statement. The National Long-Term Ratings on […]
Commercial Bank’s Rs5bn debenture issue opens on Oct 24
Oct 17, 2016 (LBO) – Sri Lanka’s Commercial Bank of Ceylon second issue of debentures for 2016 is to open on 24th October, the bank said in a statement. The Bank is seeking to raise 5 billion rupees with an option to increase it by a further 2 billion to strengthen its Tier II capital […]
Asia stocks, dollar edge up on China inflation data relief
TOKYO, Oct 14 (Reuters) – Asian stocks and the dollar bounced on Friday, erasing some losses from the previous day, as stronger-than-expected Chinese inflation data eased some concerns about the health of world’s second-biggest economy. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.4 percent after dropping 1.1 percent on Thursday, when weak […]
FDI key for trade and export growth: Chinese Minister
Oct 13, 2016 (LBO) – Foreign direct investment (FDI) plays a very important role for a country to develop its trade and export growth, a senior Chinese official said. “FDI is important for trade growth as it brings money, technological advantages and the latest management ideas which drive indigenous and innovative growth,” Wang Shouwen, Vice […]
Asia stocks weak with Dec rate hike still on cards
HONG KONG, Oct 13 (Reuters) – Asian stocks held near three-week lows and the greenback consolidated recent gains on Thursday after minutes of the last U.S. Federal Reserve policy meeting indicated a December rate increase was still on the cards. Risk appetite waned, with MSCI’s broadest index of Asia-Pacific shares outside Japan easing 0.2 percent, […]
‘s Belluna in USD 50mn real-estate project
Oct 12, 2016 (LBO) – Sri Lanka’s Asia Capital and Japanese Belluna company announced the launch of an apartment development project with an investment of 50 million US dollars in Colombo, Wednesday. “This joint project cements the strong bond that both companies have in creating a new paradigm in local and foreign joint venture projects […]
Social, environmental considerations a must in trade: World Export forum
Oct 12, 2016 (LBO) – Trading countries should look at multilateral levels with regional trade agreements alongside transformation in investment, trade and services, an official said at the World Export Development Forum in Colombo on Wednesday. “The trade agreements of the 21st century must respond to the economic and social realities of the century,” said […]
Sri Lanka GSP plus talks to commence in Brussels: PM
Oct 12, 2016 (LBO) – Sri Lankan premier Ranil Wickremesinghe said that he will be traveling to Brussels shortly for the Generalized System of Preferences (GSP) plus negotiations. “I am traveling to Brussels on Saturday to begin talks on restoring GSP plus,” Wickrememsinghe said at the inauguration of the World Export Development Forum in Colombo, […]
Asia shares slip as US earnings disappoint, dollar gains
TOKYO, Oct 12 (Reuters) – Asian shares flirted with three-week lows on Wednesday after a dour start to Wall Street’s corporate earnings season knocked U.S. stocks, while the dollar and Treasury yields rose on growing expectations of a U.S. rate hike in December. The British pound jumped back from lows in a volatile trading session […]
Inclusive capitalism requires not just promises but action: IMF Head
Oct 11, 2016 (LBO) – The Head of the International Monetary Fund (IMF) says to pull the world economy out of the “new mediocre” efforts to lift growth and support inclusion are critical and complementary priorities. “Alongside stronger policies, the role of business is key. Enterprise not only benefits from greater inclusion, but is uniquely […]