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Sri Lankan stocks ease on political woes; rupee firmer on exporter dollar sales COLOMBO: Sri Lankan stocks eased slightly on Tuesday on mild selling by retail investors on continuing political uncertainty ahead of the presidential election early next year. At 0728 GMT, the main stock index was down 0.38 percent, or 27.44 points, at 7,248.24, hovering near its lowest since Sept. 5 hit on Thursday."Retail activities pushing the market up and down in small quantities," said a stockbroker on condition of anonymity. "The panic that was there earlier is not there anymore and investors are taking positions slowly."Nine loyalists from President Mahinda Rajapaksa's United People's Freedom Alliance, including Health Minister Mithripala Sirisena, have defected since Rajapaksa announced a snap poll last week. Sirisena has resigned to contest against Rajapaksa as the consensus candidate of a united opposition.Speculation over more defections after the latest crossover was seen over the weekend weighed on sentiment, analysts said. Turnover stood at 538.7 million rupees ($4.10 million), with ...

Brent slips towards $72 after sharp rally in volatile market SINGAPORE: Brent crude slipped towards $72 a barrel on Tuesday, giving up some of the gains seen on Monday when the market rallied for the first time in six sessions. Oil has plunged close to 40 percent in the past five months in its longest string of monthly losses since the 2008 crisis, as supply growth led by the US shale oil boom exceeded demand. A decision by OPEC to maintain output has also pummelled ...
Oil takes breather in Asian trade SINGAPORE: Crude prices fell in Asia Tuesday but losses were curbed as dealers took a breather after days of sharp sell-offs following OPEC's decision to hold output levels despite global oversupply.US benchmark West Texas Intermediate (WTI) for January delivery was down 46 cents at $68.54 while Brent crude for January dipped 41 cents to $72.13 in afternoon trade. Research house Capital Economics said "a degree of calm was returning to the markets" after a free-fall ...
Middle East Crude: Saudi price cuts seen SINGAPORE: The Middle East crude market held steady on Monday with Asian refiners saying they expect big price cuts for Saudi Arabia's January crude exports.Traders from five Asian refiners expect the official selling price (OSP) of Saudi's Arab Light to fall by $2-$3 a barrel in January, a Reuters survey showed on Monday.The OSP for the flagship crude could hit the lowest in at least 10 years if the forecast price cuts materialise, Reuters data ...
Brent slips below $72 after sharp rally in volatile market SINGAPORE: Brent crude slipped below $72 a barrel on Tuesday, giving up some of the gains seen on Monday when prices rallied for the first time in six sessions and closed up more than 3 percent. Oil futures on both sides of the Atlantic have plunged close to 40 percent over the past five months, also their longest string of monthly losses since the 2008 global financial crisis, as supply growth led by the US ...
Indonesia to boost oil reserves, refineries in bid to tackle graft JAKARTA: Indonesia's new administration plans a major expansion of oil storage and will construct more refineries as part of sweeping energy reforms that will also help in cracking down on corruption in the state oil trader. Sworn in just six weeks ago, President Joko Widodo launched the overhaul of the scandal-tainted oil and gas sector last Friday by sacking the entire board of state oil giant Pertamina and pledging a comprehensive audit of its trading ...
Oil takes breather in Asian trade SINGAPORE: Crude prices fell in Asia Tuesday but losses were curbed as dealers took a breather after days of sharp sell-offs following OPEC's decision to hold output levels despite global oversupply.US benchmark West Texas Intermediate (WTI) for January delivery was down 66 cents to $68.34 while Brent crude for January was down 61 cents to $71.93 in mid-morning trade. Research house Capital Economics said "a degree of calm was returning to the markets" after a ...

 



 
Index Closing Chg%
Arrow DJIA 18,034.93 1.17
Arrow Nasdaq 4,994.60 1.27
Arrow S&P 2,100.40 0.92
Arrow FTSE 7,052.13 0.82
Arrow DAX 11,891.59 1.74
Arrow CAC-40 5,187.59 0.86
Arrow Nikkei 19,634.49 0.09
Arrow H.Seng 27,094.93 2.02
Arrow Sensex 27,886.21 1.95





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln