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Sunday February 5th, 2023

Independence has served central banks well: IMF's Lagarde

Government respect for the independence of central banks has served them well in their mission, International Monetary F...

April 14, 2019 1 min read

US seeks $10 bn trade finance fund for Venezuela: Mnuchin

The United States is working with a group of countries to build a $10 billion fund to help Venezuela rebuild trade once ...

April 14, 2019 2 min read

World's largest plane makes first test flight

The world's largest airplane -- a Stratolaunch behemoth with two fuselages and six Boeing 747 engines -- made its first ...

April 14, 2019 2 min read

Boeing to meet with US airlines over 737 MAX

The US Federal Aviation Administration (FAA) announced Thursday it would meet with American commercial airlines that use...

April 12, 2019 2 min read
Trade hopes lift Asia markets but investors eye deadline

Optimism over the China-US trade talks kept Asian markets buoyant on Friday, with investors betting the two will eventua...

World stocks rattled as Trump says no China trade deadline

Global equities mostly retreated Tuesday after US President Donald Trump warned there was no deadline for doing a trade...

11 Pacific trade pact countries go it alone without US

Santiago, Chile | AFP - A year after an abrupt US withdrawal left a fledgling 12-nation Pacific trade pact for dead, the...

March 7, 2018 3 min read

Tokyo stocks open higher after Wall St rebound

Tokyo stocks opened sharply higher on Tuesday after four days of losses, boosted by a rebound on Wall Street and the yen...

March 6, 2018 2 min read

Germany warns protectionism is 'wrong path' for US

Frankfurt am Main, GERMANY | AFP | Monday - The German government warned Monday that a transatlantic trade war would har...

March 5, 2018 2 min read

Girding for new battles in the war against Big Tobacco

Paris, France | AFP | Monday - Some 3,000 anti-tobacco experts and policy makers convening this week in Cape Town, South...

March 5, 2018 4 min read

Asian markets sink again as Trump fans trade war fears

Tokyo stocks opened lower on Monday with steelmakers and other exporters falling amid lingering worries of a trade war.

March 5, 2018 3 min read

China says to 'take necessary measures' if US harms trade

China will "take necessary measures" if the United States harms the country's economic interests, a Chinese official sai...

March 4, 2018 2 min read

US stocks tumble as Trump vows tariffs on steel and aluminum

US stocks tumbled Thursday after President Donald Trump said he will enact steep tariffs on steel and aluminum imports, ...

March 2, 2018 3 min read

Pakistan aims to revive glory of ancient Mughal city Lahore

Perched on scaffolding, restoration experts chip away at decades of grime and repair broken mosaic tiles in a bid to sav...

March 1, 2018 4 min read

Venezuela's currency collapse hits zoos; animals feed on each other

The situation in economically depressed Venezuela is so dire, workers at one zoo are slaughtering animals to feed others...

March 1, 2018 3 min read

Fed Chair: US outlook stronger since December

The US economic outlook is strong and has grown more robust since December, when Congress approved massive tax cuts, Fed...

February 28, 2018 4 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 371.7127 371.6601
UK Pound 453.5962 453.9794
Euro 396.3156 396.4763
Aus Dollar 250.1862 251.1981
Yen 2.8251 2.7549
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.3961 4.3963
Korea Won 0.2820 0.2791
Oman Rial 943.2237 943.2268
Saudi Riyal 96.7270 96.7115
UAE Dirham 98.8729 98.8786
Source: Central Bank/Indicative
pts %
S&P SL20 2,653.84 -1.51%
CSE All Share 8,420.26 -1.04%
Turnover Rs million 4,621,153,484 2,824,714,520
Source: CSE
Latest Last
3-m bill 31.03 31.03
6-m bill 29.57 29.60
12-m bill 28.41 28.41
5-yr bond 27.49 27.57
8-yr bond 27.44 27.23
Source: Central Bank/Indicative
today yesterday
Overnight Money 15.50 15.50
Gilt Repo 15.50 15.50
I-m SLIBOR - -
Source: Central Bank/Indicative

Stocks slip, dollar climbs as Fed chief makes debut

Wall Street stocks slid and the dollar rallied Tuesday after congressional testimony from new Federal Reserve chief Jero...

February 28, 2018 3 min read

Amnesty demands immediate release of Maldives protestors

Amnesty International, a rights body has demanded that Maldives immediately release protestors who have been detained un...

February 27, 2018 3 min read

Greek economy minister quits over house rent scandal

Greece's economy minister quit early Tuesday, the prime minister's office said, hours after his wife was ousted as a jun...

February 27, 2018 2 min read

US Fed official optimistic on economic outlook

The outlook for the US economy is upbeat as factors that have been holding down growth, including businesses' reluctance...

February 27, 2018 3 min read

Microsoft foreign data case in top US court has global implications

Microsoft faces off with the US government before the Supreme Court Tuesday over a warrant for data stored abroad that h...

February 26, 2018 4 min read

Asia builds on global rally as interest rate fears ease

Asian markets picked up Monday where they left off last week, with gains across the board as investors tracked a healthy...

February 26, 2018 3 min read

Bollywood superstar Sridevi dies aged 54

Bollywood superstar Sridevi Kapoor, one of the biggest names in Hindi cinema, has died after suffering a heart attack in...

February 25, 2018 3 min read

New US tax law brings Warren Buffett a nice check: $29 billion

Berkshire Hathaway, the holding company of US billionaire investor Warren Buffett, received a stunning $29 billion check...

February 25, 2018 3 min read

US companies drop gun lobby after Florida shooting

US airlines Delta and United on Saturday joined the ever-expanding list of companies cutting ties with the National Rifl...

February 25, 2018 2 min read

Snapchat firm plunges US$1.3bn after Kylie Jenner tweet

Snapchat's parent company lost some $1.3 billion in market value on Thursday after reality star Kylie Jenner's tweeted t...

February 23, 2018 1 min read