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Archive for the February 21, 2018

  • The Sri Lankan rupee fell on Tuesday as importer dollar demand outweighed selling by exporters, even as traders awaited more confirmation that political stability was returning after coalition partners agreed to continue with a cabinet

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    • News Desk
    • Feb 21st, 2018
    • Comments Off on Asian forex: Most Asian currencies fall

    Most Asian currencies languished on Tuesday as the dollar rebounded further from a three-year low hit last week, and subdued risk sentiment kept regional assets in check. Against the yen, the dollar traded at 106.75

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    • News Desk
    • Feb 21st, 2018
    • Comments Off on Sterling strengthens against dollar, euro

    Sterling recovered against the dollar and rose against the euro on Tuesday after a media report said the European Parliament would call for giving Britain "privileged" single market access. Growing hopes that Britain and the

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    • News Desk
    • Feb 21st, 2018
    • Comments Off on Venezuela begins selling oil-backed cryptocurrency

    Venezuela formally launched its new oil-backed cryptocurrency on Tuesday in an unconventional bid to haul itself out of a deepening economic crisis. The leftist Caracas government put 38.4 million units of the world's first state-backed

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    • News Desk
    • Feb 21st, 2018
    • Comments Off on Gulf markets mostly softens, Commercial International Bank buoys Egypt

    Major Gulf stock markets softened on Tuesday, in line with a small pull-back by global bourses and oil prices, but Egypt was buoyed for a second day by strength in its biggest bank. The Saudi

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  • Tokyo stocks fell Tuesday, snapping a three-day winning streak as investors locked in profits after the recent gains. The benchmark Nikkei 225 lost 1.01 percent or 224.11 points to finish at 21,925.10 while the broader

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    • News Desk
    • Feb 21st, 2018
    • Comments Off on Hong Kong stocks fall after Lunar New Year break

    Hong Kong's benchmark Hang Seng index fell on Tuesday, when the city's markets reopened following the Lunar New Year holiday, with HSBC leading the slide after reporting a pretax profit below forecasts. China's H-shares index

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    • News Desk
    • Feb 21st, 2018
    • Comments Off on Tuesday’s early afternoon trade: Walmart halts Dow’s six-day rally; S&P edges higher

    A steep fall in Walmart shares put the skids on the blue-chip Dow's six-day winning streak, but gains in Amazon and technology stocks propped up the S&P 500 and the Nasdaq. The world's biggest brick-and-mortar

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    • News Desk
    • Feb 21st, 2018
    • Comments Off on Eurozone yields up as ECB speculation mounts

    Eurozone government bond yields edged up on Tuesday as market speculation swirled over the next European Central Bank chief at a time when monetary policy is the main threat for bond markets. Euro zone finance

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  • Sri Lankan shares ended higher for a third straight day on Tuesday on hopes of political stability after the prime minister decided to stay in office and reshuffle his cabinet in the wake of a

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