Markets hope for positive signs from Trump trade speech

Views - 4 Wednesday, 13 November 2019 00:04

NEW YORK (Reuters): US President Donald Trump was s scheduled to discuss the country’s trade policy at the Economic Club of New York on Tuesday, and the markets are likely to hang on every word. Trump’s lunchtime address at the club, which has ho

Aircraft fight Sydney blaze as Australians take shelter from intense bushfires

Views - 4 Wednesday, 13 November 2019 00:00

SYDNEY (Reuters): Tens of thousands of Australians took shelter on Tuesday after authorities warned it was too late for them to leave their homes as bushfires raged across a vast area of the country’s east coast and shrouded Sydney in smoke. An air

Oil prices gain as market awaits signals on US-China trade talks

Views - 4 Wednesday, 13 November 2019 00:00

TOKYO (Reuters): Oil prices rose on Tuesday, reversing early losses on hopes that US President Donald Trump may signal progress on trade talks with China in a speech later in the day. Brent crude futures were up 31 cents, or 0.5%, at $62.49 a barrel

Flash mob rallies in downtown Hong Kong financial district

Views - 3 Wednesday, 13 November 2019 00:00

HONG KONG (Reuters): Hong Kong police fired tear gas in the heart of the Central financial district and at two university campuses after territory-wide transport disruptions wreaked commuter havoc in the Chinese-ruled city. A flash mob of more than 1

Shameful of UK not to publish report on Russian meddling: Hillary Clinton

Views - 2 Wednesday, 13 November 2019 00:00

LONDON (Reuters): Britain’s failure to publish a parliamentary report on alleged Russian meddling is “inexplicable and shameful”, former US presidential candidate Hillary Clinton said on Tuesday. The report by parliament’s Intelligence and Se

Asia stocks in dark on trade, seek enlightenment from Trump

Views - 3 Wednesday, 13 November 2019 00:00

SYDNEY (Reuters): Asian share markets edged higher on Tuesday and Europe looked set to follow as investors awaited a speech by President Donald Trump on US trade policy and on news he will likely delay a decision on whether to slap tariffs on Europea

Spain faces tough government talks after inconclusive vote boosts far right

Views - 5 Tuesday, 12 November 2019 00:00

MADRID (Reuters): Spain’s acting prime minister, Socialist leader Pedro Sanchez, faced the prospect of hard bargaining to form a government on Monday after his gamble on holding Spain’s second election this year resulted in no clear winner but a

UK economy grows at slowest annual rate since 2010 in Q3

Views - 6 Tuesday, 12 November 2019 00:00

LONDON (Reuters): Britain’s economy grew at the slowest annual rate in nearly a decade in the three months to the end of September, as a global slowdown and Brexit worries hit business investment and manufacturing. Year-on-year gross domestic produ

Germany’s Chinese growth engine stalls

Views - 7 Tuesday, 12 November 2019 00:00

BERLIN (Reuters): For three decades, China’s burgeoning demand for German cars, machines and engineering tools has been a steady engine of growth for Europe’s largest economy, gratefully championed by successive governments in Berlin. But the eng

Hong Kong spirals into rare working-hour violence as police shoot protester

Views - 5 Tuesday, 12 November 2019 00:00

HONG KONG (Reuters): Hong Kong police shot and wounded one protester who, hospital officials said, was in critical condition on Monday, as the Chinese-ruled territory spiraled into rare working-hours violence in its 24th straight week of pro-democrac

Asian shares a sea of red as Hong Kong chaos hits sentiment

Views - 7 Tuesday, 12 November 2019 00:00

SYDNEY (Reuters): Asian shares sank on Monday, the safe haven yen rose and gold jumped following a fresh escalation of violence in Hong Kong while uncertainty still remained over whether the United States and China could end their damaging trade war.

Pakistani Prime Minister Imran Khan opens Kartarpur Corridor

Views - 6 Monday, 11 November 2019 00:00

KARTARPUR (APP): In what may be called the world’s longest-ever pilgrimage, it took almost 72 years for the Indian Sikhs to make it to one of their holiest shrines located just 4.1 kilometres from the border in Pakistan. Prime Minister Imran Khan o

Australian firefighters battle blazes, brace for more

Views - 7 Monday, 11 November 2019 00:00

MELBOURNE (Reuters): Australian firefighters raced on Sunday to contain widespread bushfires that have left three people dead, and braced for worse conditions in coming days as they warned the blazes will stretch their ability to protect people. More

Germany marks 30th anniversary of the Berlin Wall’s fall

Views - 7 Monday, 11 November 2019 00:00

BERLIN (Reuters): Germany celebrated on Saturday the 30th anniversary of the fall of the Berlin Wall that divided East and West Germany, with President Frank-Walter Steinmeier thanking Eastern European neighbours for spurring on the peaceful revoluti

Death of Hong Kong student likely to trigger further protests

Views - 6 Saturday, 9 November 2019 00:10

A student at a Hong Kong university who fell during protests over the weekend died on Friday, the first student death in months of anti-government demonstrations in the Chinese-ruled city that is likely to be a trigger for fresh unrest.

Asian shares ease from six-month highs on US-China trade angst

Views - 7 Saturday, 9 November 2019 00:10

Asian stocks retreated from six-month highs on Friday as conflicting signals from China and the United States on progress made in trade talks deflated market hopes of a near term truce to end their damaging tariff war.

China, US agree tariff rollback if phase one trade deal is completed

Views - 6 Saturday, 9 November 2019 00:04

China and the United States have agreed to roll back tariffs on each other’s goods in a “phase one” trade deal if it is completed, officials from both sides said on Thursday, sparking division among some advisers to President Donald Trump.

Billionaires’ wealth falls for the first time in a decade

Views - 6 Saturday, 9 November 2019 00:02

The world’s richest people became a little less well off last year, according to a report by UBS (UBSG.S) and PwC, as geopolitical turmoil and volatile equity markets reduced the wealth of billionaires for the first time in a decade.

Biggest rise in German exports in nearly two years gives some relief from recession fears

Views - 6 Saturday, 9 November 2019 00:01

German exports posted their biggest rise in almost two years in September, data showed on Friday, providing some relief amid widespread concerns that Europe’s largest economy will dip into recession in the third quarter.

Asia stocks frustrated as trade doubts resurface

Views - 9 Friday, 8 November 2019 00:00

SYDNEY (Reuters): Asian shares napped near multi-month peaks on Thursday while bonds eked out a bounce as reports of delays in sealing a preliminary Sino-US trade deal left investors frustrated at the lack of concrete progress. In early European trad

China says it has agreed with US to cancel tariffs in phases

Views - 13 Friday, 8 November 2019 00:00

BEIJING (Reuters): China and the United States have agreed to cancel in phases the tariffs imposed during their months-long trade war, the Chinese commerce ministry said on Thursday, without specifying a timetable. An interim US-China trade deal is w

Iowa? Greece? Where Trump and Xi may meet becomes new trade deal issue

Views - 13 Thursday, 7 November 2019 00:00

WASHINGTON (Reuters): The US and China are working to narrow their differences enough to sign a ‘phase one’ trade deal as early as this month, but suggestions for a signing venue range from Alaska to Greece. US President Donald Trump said he and

China and France sign deals worth $ 15 b during Macron’s visit

Views - 14 Thursday, 7 November 2019 00:00

BEIJING (Reuters): China and France signed contracts totalling $ 15 billion during a visit by President Emmanuel Macron, a Chinese government official said at a news briefing yesterday. They also agreed to expand a protocol for poultry exports reache

Stocks fall as traders question next move in trade war

Views - 10 Thursday, 7 November 2019 00:00

TOKYO (Reuters): Asian shares fell yesterday for the first time in four trading sessions as investors awaited new developments that might scale back a bruising trade war between the US and China. MSCI’s broadest index of Asia-Pacific shares outside

Asian shares race to six-month high on hopes of tariff relief

Views - 13 Wednesday, 6 November 2019 00:00

TOKYO (Reuters): Asian shares vaulted to six-month highs yesterday, surpassing their July peaks, as hopes that Washington may roll back some of the tariffs it has imposed on imports from China shored up optimism on the global economic outlook. MSCI

Asian shares climb to 14-week highs on hopes US, China getting close to trade deal

Views - 11 Tuesday, 5 November 2019 00:00

SHANGHAI (Reuters): Asian shares surged on Monday, with a broad regional gauge hitting more than 14-week highs, as growing optimism over US-China trade talks and upbeat US job data boosted global investors’ appetite for riskier assets. MSCI’s bro

Gold steady on weak dollar; trade optimism lifts risk mood

Views - 10 Tuesday, 5 November 2019 00:00

Reuters: Gold prices were steady on Monday as the dollar eased on soft manufacturing survey, while signs of a US-China trade deal stoked risk appetite, capping gains for the safe-haven bullion. Spot gold was steady at $1,513.19 per ounce, as of 0747

Three people in critical condition as protests rock ‘heavy-hearted’ Hong Kong

Views - 11 Tuesday, 5 November 2019 00:00

HONG KONG (Reuters): Three people were in critical condition in Hong Kong on Monday, authorities said, after a weekend of chaotic clashes with anti-government protesters that led China to call for a tougher stance to end months of unrest in the Asian

Trump impeachment inquiry awaits key witnesses, but some will be no-shows

Views - 10 Tuesday, 5 November 2019 00:00

Washington/New York (Reuters): US lawmakers leading an impeachment inquiry of President Donald Trump have scheduled another crucial round of testimony this week, but several key White House witnesses plan to defy them and some other administration of

China says Xi, Trump in continuous touch

Views - 9 Tuesday, 5 November 2019 00:00

BEIJING (Reuters): Chinese President Xi Jinping and US President Donald Trump have been in continuous touch through “various means”, China’s Foreign Ministry said on Monday, when asked when and where the two leaders might meet to ink a trade de

Today's Columnists

Serving Sri Lanka and the presidential manifestos

Wednesday, 13 November 2019

Sri Lanka is entering a decisive week given that the country will be selecting the leader who will drive the country for the next five years. The reason I say decisive is that Sri Lanka has hit the lowest level of economic performance. Sri Lanka is c

Elections, Voltaire, Candide and optimism

Wednesday, 13 November 2019

Voltaire (Francois-Marie Arouet-1694- 1778) was one of the key writers to have inspired the ideals of the French revolution, that history- changing explosion in 18 Century Europe. Politically, socially and intellectually, after 1789, the world would

Election manifestos and implementation plans

Wednesday, 13 November 2019

I have been under pressure from friends and erstwhile colleagues to comment on the election manifestos of the presidential candidates, at least of the three main contenders. My feeling is that a lot of thought has gone into their preparation and the

Ministry of Foreign Affairs: A nation rich in diplomacy

Wednesday, 13 November 2019

Goals nImprove Sri Lanka’s rank in the Ease of Doing Business Index from 100 to 50 by 2022. nImprove Sri Lanka’s rank in the Global Competitiveness Index from 85 to 45 by 2022. nUphold Sri Lanka’s sovereignty by promoting a peaceful regional en

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