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June 8, 2023
COLOMBO, June 8 (Xinhua) -- Sri Lanka considered further reducing interest rates in the coming months, a minister said on Thursday. State Minister of Finance Sh
June 1, 2023
COLOMBO, June 1 (Xinhua) -- The Monetary Board of the Central Bank of Sri Lanka (CBSL) decided to reduce the Standing Deposit Facility Rate and the Standing Len
May 5, 2023
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 closed Shanghai increased 27.18 points or 0.82% to 3,350.46 Hang Seng increased 249.57 points or 1.27% to 19,948.73 ASX 200 decreased 4.30 points or -0.06% to 7,193.10 Kospi decreased 0.46 points or -0.02% to 2,500.94 SENSEX increased 555.95 points or 0.91%
March 17, 2023
ASIA: Asia was an outlier for Zara owner Inditex last year, the only region where profits fell as China faced COVID-19 lockdowns, while profit ballooned in the Americas, the fashion retailer's annual report showed on Thursday. Inditex, the world's biggest fashion retailer, reported record annual sales on Wednesday. It has been expanding in the
February 3, 2023
ASIA: The IMF has warned that an abrupt change in Japan’s ultra-loose monetary regime would have “meaningful spillover” effects on global financial markets, underscoring the need for the Bank of Japan to clearly communicate about its future policy. IMF’s first deputy managing director Gita Gopinath called on BoJ to take a flexible approach to
December 15, 2022
ASIA: Citigroup Inc said it will wind down its consumer banking business in China, a move which is expected to affect about 1,200 employees in the country. The exit will include products such as deposits, insurance, mortgages, investments, loans and cards, the lender said in a statement Thursday. The bank will also explore options
November 24, 2022
STOCKHOLM -- Sweden central bank (Riksbank) announced on Thursday a 75-percentage-point key rate hike to 2.5 percent -- the highest in 14 years. The Riksbank sa
November 24, 2022
COLOMBO, Nov. 24 (Xinhua) -- The Central Bank of Sri Lanka said Thursday it has decided to maintain its Standing Deposit Facility Rate and Standing Lending Faci