SL de-listed from EC list of High Risk Third Countries on...

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The European Commission has de-listed Sri Lanka from its list of High-Risk Third Countries with Anti- Money Laundering and Countering the Financing of Terrorism...

Virus drives down Toyota profit forecasts

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Toyota on Tuesday forecast a sharp drop in sales and operating profit over the coming year as the Japanese giant suffers from the "wide-ranging,...

CSE halts trading after 30 minutes as stocks plunge

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Stocks plunged during the trading session on Tuesday (12 May 2020), triggering a 30-minute trading halt, stated Colombo Stock Exchange (CSE).   The S&P SL20 index...

Pandemic gives fresh momentum to digital voice technology

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In a world suddenly fearful of touch, voice technology is getting a fresh look. Voice-activated systems such as Google Assistant, Amazon Alexa and Apple's Siri...

Stocks rally as reopening, easing China-US tensions beat bad data

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Moves to ease lockdown measures and reopen economies around the world fired equity markets Friday as investors looked past a string of depressing data...

Australia ‘losing $2.5 bn a week’ in virus shutdown

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Australia's economy is losing Aus$4 billion (US$2.5 billion) every week its virus shutdown continues, with GDP forecast to plunge 10 percent in the June...

Westpac half-year profits tumble more than 60%

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Westpac announced Monday its half-year net profit had fallen 62 percent, making it the latest Australian bank to see profits dive during the coronavirus...

Oil-hungry Asian nations pounce on low prices to build stockpiles

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Some oil-hungry Asian nations are taking advantage of the collapse in prices caused by the coronavirus pandemic to build up their crude stockpiles. Here are...

CAA removes ceiling prices on dhal, canned fish

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The Consumer Affairs Authority has removed the ceiling prices imposed on mysore dhal and canned fish with effect from April 30. The government, in March,...

Stock markets rattled by Trump’s China virus claims

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London and New York stocks sank on Friday after US President Donald Trump lashed out at China over the coronavirus crisis, bringing back bad...