REUTERS: Struggling German conglomerate Thyssenkrupp, whose shares hit a fresh 16-year low yesterday, put three underperforming businesses under review last week, hoping this will ease pressure on the group’s cash flow.

REUTERS: Gold rose yesterday, holding above the psychological US $ 1,500 level as investors’ demand for safe-haven bullion increased on concerns over the impact of the trade war between Washington and Beijing on global economic growth.

(Colombo) REUTERS: Sri Lanka could lose access to global debt markets if a new government shifts away from the country’s current fiscal policy that’s aimed at shoring up the economy and managing inflation, a Central Bank official

A family of tourists enjoying a walk along the Kurunegala lake indicating that Sri Lanka’s tourism industry is recovering fast. The arrivals have picked up since May and crossed the 100,000 mark in July—first time since the Easter attacks on Apri

Sri Lanka slips two positions in the United Nations Conference on Trade and Development’s (UNCTAD) 2019 Liner Shipping Connectivity Index (LSCI), to 20th position.

AFP: Chinese telecom giant Huawei has unveiled its own operating system, as it faces the threat of losing access to Android systems amid escalating US-China trade tensions.

Sri Lanka’s industrial activity in the month of June rose 2.2 percent from a year earlier, as the production volumes of refined petroleum products, paper and paper products and furniture grew, the data released by the government statistics office s

(Colombo) REUTERS: Sri Lanka’s tourism industry, badly hurt by the Easter day bombings, is showing signs of gradual recovery, industry executives say, although a national election later this year is likely to weigh on

DONGGUAN, China (AFP) - Chinese telecom giant Huawei unveiled its own operating system yesterday, as it faces the threat of losing access to Android systems amid escalating US-China trade tensions.

WASHINGTON (AFP) - President Donald Trump on Thursday took a step closer to sparking a currency war in the escalating conflict with China, saying he is not happy with the strong US dollar. Trump has pursued a policy

The Government of Sri Lanka, together with the United Nations World Food Programme (WFP) and Korea International Cooperation Agency (KOICA), yesterday launched a three-year, Rs. 1.06 billion (US$ 6 million) project to build resilience of communities

The international trade fair for rubber industry “Rubexpo” opened at the BMICH yesterday. Here Plantation Industries Minister Navin Dissanayake making inquiries at a stall.

REUTERS - Sri Lankan shares rose over 1 percent yesterday, posting their seventh straight weekly gain, as investors bought beverage and banking stocks. The rupee ended slightly stronger as exporter dollar sales surpassed importer greenback demand.

HONG KONG (AFP) - Asian markets largely reversed early gains yesterday from a bargain-hunting push as investors remained cautious over the intensifying US-China trade war. Tokyo managed to hold on to its winnings as

PARIS (AFP) - Concerns over the health of the global economy, marked by the US-China trade dispute, forced the International Energy Agency yesterday to lower its growth forecast for oil demand for 2019 and 2020. “There have been concerns about the

LONDON (AFP) - Britain’s economy unexpectedly shrank in the second quarter of the year on Brexit turmoil, official data showed yesterday, placing the country on the verge of a recession. Gross domestic product (GDP) fell 0.2 percent in the April-Ju

The current global low interest rate environment, ongoing trade tensions and recession fears make Sri Lanka a brighter spot on global investors’ radar, particularly with the attractive valuations offered by the country’s stock market and its nega

Losses at diversified conglomerate Hayleys PLC surged during the quarter ended June 30, 2019 (1Q20), as gains made at the group’s top line level were eaten by the group’s expanding finance costs, the interim financial accounts released to the Col

Sri Lanka’s tourism authorities target 150,000 tourists this month, betting on the continual momentum of the sector’s recovery in the aftermath of Easter Sunday attacks. August is consid

Ceylon Tobacco PLC (CTC) yesterday announced the appointment of a new Chairman to its board. Accordingly, William Francis Pegel has been appointed as CTC Chairman, represent

Diversified conglomerate Aitken Spence PLC, one of the leading resort hotel operators in the country saw its earnings for the June quarter (1Q20) impacted by the Easter Sunday attacks. Easter Sunday attacks, which target

The social media blockade and business slowdown following the Easter Sunday attacks and stiff competition overshadowed Dialog Axiata PLC’s June quarter (2Q19) earnings, the interim accounts released to the Colombo Stock Exchange showed.

(Colombo) REUTERS: Sri Lankan shares edged lower yesterday, hovering near a two-week closing low hit early in the week, as investors sold banking and telecom stocks. The rupee ended slightly stronger as exporter dollar sales surpassed importer green

Sri Lanka’s state-run airline is set to report a loss of up to US $ 160 million this year, as tourism in the island nation suffers following the Easter bombings, the carrier’s chief executive said.

While the divestment of its tea subsidiary boosted its June quarter (1Q20) earnings, Sunshine Holdings PLC saw a dip in its top line performance as the consumer goods and agribusiness of the group performed poorly during the quarter under review.

The shortage of Sri Lanka’s information and communication technology (ICT)/business process management (BPM) professionals is projected to widen to 12,140 this year, from a mere 458 in 2013, driven by the sector’s rapid growth, according to the l

The Hayleys group’s coconut shell-based activated carbon manufacturer, Haycarb PLC saw a surge in earnings during the June quarter (1Q20) amid healthy demand for the firm’s value-added activated carbon products.

The Cabinet of Ministers has decided to give more time for tourist hotels to pay the Tourism Development Levy (TDL), in the aftermath of the Easter Sunday attacks.

A sister company of Dubai’s One Nature group is set to invest in a 28-chalet resort in the Yala-Palatupana tourism zone, by leasing land from the government.

(Colombo) REUTERS: Sri Lankan shares closed firmer yesterday, snapping six straight sessions of losses and recovering from a near two-week closing low in the previous session, as investors bought beaten-down stocks.