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WASHINGTON/LONDON (Reuters): The world’s economic outlook darkened on Friday as reports showed U.S. employment growth slowing sharply, Chinese factory output barely growing and European manufacturing falling deeper into malaise. In a shock that sent global equity markets into a dive, the U.S. economy added just 69,000 jobs in May, less than half what analysts expected ...
- Fears of US slowdown fade as economy shows some muscle (Category: Business)
- US consumer in slow lane (Category: Business)
- US labour market seen improving, but pace glacial (Category: Business)
- US economy gaining momentum, housing shows a pulse (Category: Business)
Key insights to state of the economy and market and future prospects from NDB Stockbrokers’ latest Sri Lanka Equities report Uncertainty in the macro environment The robust economic growth and steep rise in global crude oil prices increased Sri Lanka’s import bill by 51% in 2011. As a result the trade deficit widened, putting the ...
- ‘Rupee Volatility – In Search of Equilibrium’ (Category: Business)
- Forex crisis: CB explains and assures (Category: Business)
- Economic growth to rebound in 2013: SCB (Category: Business)
- Raising the bar: The rise of the Sri Lankan economy (Category: Business)
“The prolongation of military commands made Rome a servile state”. Machiavelli (The Discourses) By Tisaranee Gunasekara Stratospheric defence costs constitute Lankan economy’s deadliest ticking time-bomb. Militarization is menacing Southern (and Lankan) economic wellbeing as much as it is impeding Northern democracy. The fundamentally weak Lankan economy can ill afford the huge amounts of money sp...
- Fearing political pressure, Sri Lanka president wants to avoid trade integrations with India (Category: Breaking News)
- Sri Lankan president at the UN denies war crimes (Category: Breaking News)
- Will-power enables SL to regain sovereignty says India’s Economic Times (Category: Business)
- Kim to reform North Korean economy after purge: source (Category: Business)
HONG KONG (AFP): Asian markets were mixed on Tuesday as Italy’s deepening debt and political crisis overshadowed progress by Greece, another stricken eurozone member, towards installing a new government. Italy’s borrowing rates have soared to unsustainable levels with the yield
- Asia stocks rise on hopes of progress in Europe (Category: Business)
- World stocks, euro rise on hopes Greece ditches referendum (Category: Business)
- Asian shares slip on Italy downgrade, Europe woes (Category: Business)
- Oil turns negative as optimism fades (Category: Business)
BANGKOK (Reuters): The Thai government is pushing ahead with a big rise in the minimum wage despite appeals from industry to shelve the plan to help companies cope with financial losses after the worst floods in half a century devastated parts of the country. Flooding has killed at least 297 people since late July and ...
- Thai cabinet reshuffle likely, Kittirat may be finmin (Category: Business)
- Asia Rice: Weak demand pushes prices down further (Category: Business)
- Thai flood frustration grows, cabinet eyes recovery (Category: Business)
- Residents flee Bangkok after “massive” flood warning (Category: Business)
Global banking giant HSBC is upbeat on Sri Lanka’s external trade, predicting exponential growth above global average over the next 15 years. In its October 2011 dated HSBC Trade Connections Trade Forecast Quarterly Update, HSBC said Sri Lanka’s external trade would grow in volume terms by 105% by 2025 and value wise by 83% to ...
- Islamic markets seen leading global trade volumes (Category: Business)
- Winning the numbers game (Category: Business)
- HSBC boosts RMB trade settlement service to 59 markets (Category: Business)
- HSBC forecasts upbeat trade scenario for Sri Lanka (Category: Business)
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