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Thursday December 2nd, 2021

Cathay Pacific to buy budget airline HK Express for $628 mn

Hong Kong flag carrier Cathay Pacific announced Wednesday that it will buy budget airline HK Express for US$628.15 mn, a...

5 min read

Top ex-Hong Kong oficial jailed for Belt and Road linked bribery

Hong Kong's former home affairs secretary Patrick Ho Chi Ping was jailed for three years Monday for a scheme to bribe Af...

5 min read

NASA scraps all-women spacewalk for lack of well-fitting suits

The US space agency NASA scrapped Monday a planned historic spacewalk by two women astronauts, citing a lack of availabl...

5 min read

Asian markets rise but traders on edge over global outlook

Asian markets staged a tentative recovery Tuesday from the previous day's steep losses, with investors increasingly anxi...

5 min read

Mugabe: Liberation hero turned despot

Robert Mugabe, who has died aged 95, used repression and fear to hold on to power in Zimbabwe for 37 years until he was ...

US stocks surge on trade talk plans, pound strengthens more

Global stocks mostly rose Thursday following news that the United States and China will resume high-level trade talks in...

Maldives president says judges plotted to overthrow him

The president of the Maldives on Tuesday accused judges of plotting to overthrow him, hours after he declared a state of...

1 min read

Asian markets plunge as Wall Street rout spreads

Asian stocks plunged Tuesday after a record-breaking loss on Wall Street, extending a global rout as panicked investors ...

2 min read

Maldives' top judge arrested as state of emergency declared

The Maldives' top judge was arrested Tuesday as security forces stormed the Supreme Court at dawn, in a deepening confro...

4 min read

Wall Street's deepest dives since 1929

US stocks took a historic tumble on Monday, with the blue-chip Dow Jones Industrial Average at one point losing almost 1...

2 min read

Tokyo stocks plunge over 4-pct after Wall Street sell-off

Tokyo stocks plunged more than four percent in opening trade Tuesday with investor sentiment hit by a sell-off on Wall S...

2 min read

Maldives opposition urges global community to help end crisis

Opposition leaders in the Maldives urged the international community Monday to pressure President Abdulla Yameen into ob...

3 min read

US mulling sanctions on Venezuela oil: Tillerson

The United States said Sunday it has not ruled out sanctions on Venezuelan oil as it turns the screw on President Nicola...

3 min read

Maldives crisis deepens as court orders Yameen to comply

The Maldivian Supreme Court dealt another blow to beleaguered President Abdulla Yameen Sunday, asking him to comply with...

3 min read

Maldives opposition fears government scuttling prisoner release

Supporters of the main opposition Maldivian Democratic Party (MDP) celebrated the court decision to order the release of...

2 min read

Cleared Nasheed vows to challenge Maldives president in polls

Former President of the Maldives Mohamed Nasheed was among nine convicted political dissidents cleared by the country's ...

3 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 202.0474 202.0474
UK Pound 268.7331 269.2383
Euro 228.7177 228.3338
Aus Dollar 144.3831 144.4841
Yen 1.7815 1.7776
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6936 2.6920
Korea Won 0.1711 0.1702
Oman Rial 524.7916 524.7916
Saudi Riyal 53.8563 53.8592
UAE Dirham 55.0073 55.0073
Source: Central Bank/Indicative
pts %
S&P SL20 3,900.02 1.84%
CSE All Share 11,440.53 2.13%
Turnover Rs million. 2,191,558,044.10 10,054,526,815
Source: CSE
Latest Last
3-m bill 7.56 7.63
6-m bill 7.91 7.88
12-m bill 8.25 8.16
5-yr bond 10.56 10.58
8-yr bond 11.21 11.20
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.93 5.99
Gilt Repo 5.14 5.14
I-m SLIBOR - -
Source: Central Bank/Indicative

'Call me baby': Talking sex dolls fill a void in China

With China facing a massive gender gap and a greying population, a company wants to hook up lonely men and retirees with...

4 min read

Record highs, record heists: where is crypocurrency heading?

A hacking theft that netted $530 million, a ban on Facebook advertising, regulation even in Russia and more wild price s...

4 min read

Global stocks mostly fall as dollar retreats

Wall Street stocks finished mostly lower Thursday due to unease over the prospect of higher interest rates as Treasury b...

3 min read

100 years of the femake vote: How one group changed history

British women won the right to vote 100 years ago after an intense struggle marked by a violent fringe campaign that sho...

4 min read

Sri Lanka's UNP to suspend Ravi as Assistant Leader over bondscam findings

ECONOMYNEXT - Ex-finance minister Ravi Karunanayake, who a commission of inquiry into a securities scam referred to lega...

3 min read

Venezuela creates oil-backed currency calling it 'digital'

Venezuela on Wednesday set the initial value of a digital currency it created to overcome a liquidity crisis at $60, but...

2 min read

Facebook shares swing as changes trim time spent by users

Facebook on Wednesday reported earnings that beat expectations, but shares swung as it stressed the goal of prioritizing...

4 min read

US fines Deutsche Bank, UBS and HSBC over 'spoofing' fraud

US authorities on Monday announced fines and charges against three major European banks and eight individuals accused of...

2 min read

Global stocks pressured ahead of big earnings, Fed meeting

Global stocks kicked off the week in lackluster fashion on Monday, with US equities retreating from records ahead of a F...

3 min read

Japan to sanction digital exchange after massive cryptocurrency heist

Japan said Monday it would impose administrative measures on virtual currency exchange Coincheck after hackers stole hun...

2 min read

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