(Colombo) REUTERS: Sri Lanka’s rupee closed weaker yesterday due to dollar demand from importers, while stocks fell to an eight-week closing low amid concerns over debt repayment by the government. The rupee closed at 182.00/20 per dollar, compared with 181.75/90 in the previous session, market sources said. On Jan. 3, the rupee fell to an all-time low of 183.00 against … [Read more...] about Rupee falls on importer dollar demand; stocks post 8-week closing low – Daily Mirror
STOCKS/
Democrats are the economy’s worst enemy: Economist
Economist Donald Luskin says that the Democrats are the economy’s worst enemy.source … [Read more...] about Democrats are the economy’s worst enemy: Economist
Moody’s chief economist says Fed can’t ignore strong economy next year
Mark Zandi, Moody's chief economist, Julia Coronado, MacroPolicy Perspectives president and founder, and Kevin O'Leary, O'Shares ETF chairman, discuss the market's reaction to Fed chair Jerome Powell's recent comments.» Subscribe to CNBC: http://cnb.cx/SubscribeCNBCAbout CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV … [Read more...] about Moody’s chief economist says Fed can’t ignore strong economy next year
Sri Lankan shares extend falls, foreign investors cut holdings in John Keells
COLOMBO, Aug 15 (Reuters) - Sri Lankan shares fell for a fourth straight session on Wednesday, as foreign investors pared holdings in market heavyweight John Keells Holdings amid global worries. Lacklustre corporate results also hit investor appetite for riskier assets, analysts said. The Colombo stock index fell 0.43 percent to 6,086.74, its lowest close since July 10. It has … [Read more...] about Sri Lankan shares extend falls, foreign investors cut holdings in John Keells
Sri Lankan shares edge down; foreign investors buy John Keells
COLOMBO, Aug 10 (Reuters) - Sri Lankan shares ended marginally lower on Friday, pulling away from their highest close in more than two weeks, while foreign buying in market heavyweight John Keells Holdings boosted turnover. The Colombo stock index fell 0.23 percent to 6,141.55 points from its highest close since July 25 hit in the previous session. The index has declined about … [Read more...] about Sri Lankan shares edge down; foreign investors buy John Keells
Sri Lankan shares end flat in lean trade
COLOMBO, Aug 6 (Reuters) - Sri Lankan shares closed flat on Monday after gaining for two straight sessions on mild profit-booking as investors awaited fresh triggers amid thin trading, brokers said. Sri Lanka’s central bank left its key policy rates unchanged as expected on Friday and said the decision backed its goals for stabilising inflation and fostering sustainable … [Read more...] about Sri Lankan shares end flat in lean trade
Global stocks rally continues apace – Daily Mirror
AFP: A global stocks rally took root yesterday after strong US jobs data and despite Brexit uncertainty that boosted the pound.Asian and European equities were spurred higher, extending pre-weekend gains, as Friday’s solid jobs report reinforced confidence in the US economy and helped soothe trade war nerves.“European stock markets are higher after a strong finish in Asia,” … [Read more...] about Global stocks rally continues apace – Daily Mirror
Sri Lankan shares fall; turnover hits near 3-month low
COLOMBO, July 9 (Reuters) - Sri Lankan shares fell on Monday and turnover slumped to a near three-month low as many investors stayed away from the market after confusion over fuel price hike and lower economic growth outlook hurt sentiment, stockbrokers said. Turnover stood at 154.9 million rupees, its lowest since April 16 and less than a sixth of this year’s daily average of … [Read more...] about Sri Lankan shares fall; turnover hits near 3-month low
Asian stocks climb despite first trade war shots – Daily Mirror
HONG KONG (AFP): Asian stocks rebounded yesterday despite the introduction of US tariffs on US$34 billion in Chinese goods in what Beijing called the ‘largest trade war’ in economic history.Beijing said it had already imposed retaliatory measures on US goods without immediately providing precise details.But analysts said the news had been expected for weeks and therefore … [Read more...] about Asian stocks climb despite first trade war shots – Daily Mirror
Nordic interest on Lankan stocks growing, says CSE – Daily Mirror
Investments from Scandinavian countries grow 39% per annum since 2013 Have collectively invested Rs.8.2bn in Lankan stocks year-to-date Sweden marks new high with Rs.2.4bn worth stocks so far this year Stock purchases by Norway hit all-time high of Rs.7.6bn in 2017 The Colombo Stock Exchange (CSE) yesterday said investment flows from the Scandinavian region to Sri … [Read more...] about Nordic interest on Lankan stocks growing, says CSE – Daily Mirror
