Markets falter as Brexit approaches its endgame

Views - 4 Thursday, 17 October 2019 00:30

LONDON (Reuters): European equities opened lower and sterling came off five-month highs on Wednesday as the European Union and Britain resumed talks in Brussels to avert a disorderly Brexit before an EU summit on Thursday and Friday. Hopes of a break

New IMF Chief vows ‘relentless’ focus on gender equality

Views - 3 Thursday, 17 October 2019 00:28

WASHINGTON (Reuters): International Monetary Fund Managing Director Kristalina Georgieva on Tuesday vowed to fight for greater gender equality at the global lender and around the world, telling a packed audience: “Buckle up. It’s going to come.

Hong Kong leader forced to abandon address, offers no olive branch

Views - 3 Thursday, 17 October 2019 00:27

HONG KONG (Reuters): Hong Kong leader Carrie Lam had to abandon her policy speech in the legislature on Wednesday because of jeering lawmakers but later offered no direct olive branch to protesters, hoping instead to ease resentment by building publi

Hong Kong leader rules out concessions in face of escalating violence

Views - 7 Wednesday, 16 October 2019 00:12

HONG KONG (Reuters): Embattled Hong Kong leader Carrie Lam on Tuesday ruled out making any concessions to pro-democracy protesters in the face of escalating violence, which police said was now “life threatening” citing the detonation of a small b

Global stocks edge higher on Brexit hopes, trade optimism fades

Views - 8 Wednesday, 16 October 2019 00:12

LONDON (Reuters): Global stocks edged higher on Tuesday yet safe havens were still in play as markets tried to balance fading optimism over the latest China-US trade truce with the likelihood of a Brexit deal by Thursday’s European Union summit. MS

US demands Syria ceasefire, slaps sanctions on Turkey over incursion

Views - 8 Wednesday, 16 October 2019 00:07

Washington/Beirut/Ankara (Reuters): President Donald Trump imposed sanctions on Turkey on Monday and demanded the NATO ally stop a military incursion in northeast Syria that is rapidly reshaping the battlefield of the world’s deadliest ongoing war.

Asian shares get trade lift, let down by China data

Views - 9 Tuesday, 15 October 2019 00:00

SYDNEY (Reuters): Asian share markets firmed on Monday as signs of progress in the Sino-U.S. trade standoff whetted risk appetites, though investors remained wary of the damage already done to the global economy. Figures from China underlined the pai

As options narrow on Syria, Trump prepares to drop sanctions hammer on Turkey

Views - 8 Tuesday, 15 October 2019 00:00

WASHINGTON (Reuters): President Donald Trump’s administration is set to impose economic sanctions on Ankara, potentially as early as this week, for its incursion into northern Syria, one of the few levers the United States still has over NATO-ally

UK remains a long way from Brexit deal Downing Street source

Views - 7 Monday, 14 October 2019 00:00

LONDON (Reuters): Britain remains a long way from agreeing a final Brexit deal and the next few days will be critical if it is to agree departure terms with the European Union, a Downing Street source said on Saturday. Negotiators for Britain and the

Iran decries ‘cowardly attack’ on oil tanker

Views - 10 Monday, 14 October 2019 00:00

DUBAI (Reuters): An Iranian government spokesman on Saturday described as a “cowardly attack” an incident that Iranian media have called the apparent targeting by missiles of an Iranian-owned oil tanker, and said Iran would respond after the fact

Hong Kong pro-democracy activists hoist ‘Lady Liberty’ statue above city to rally protests

Views - 13 Monday, 14 October 2019 00:00

HONG KONG (Reuters): Hong Kong protesters scaled the city’s Lion Rock peak and hoisted a large statue they called “Lady Liberty” early on Sunday to rally anti-government activists ahead of more planned demonstrations in the Asian financial hub.

Shares bask in ‘very good’ US-China trade talks and Brexit deal hopes

Views - 7 Saturday, 12 October 2019 00:00

LONDON (Reuters): World shares on Friday basked in optimism for a detente in the US-China trade war and hopes that Britain was moving closer to a smooth exit from the European Union. MSCI world equity index, which tracks shares in 47 countries, gaine

Turkey bombards Syrian Kurdish militia, thousands flee as death toll mounts

Views - 6 Saturday, 12 October 2019 00:00

ISTANBUL (Reuters): Turkish warplanes and artillery hit Kurdish militia targets in northeast Syria on the third day of an offensive that has killed hundreds of people, forced tens of thousands to flee and turned Washington’s establishment against P

Ethiopian PM Abiy Ahmed wins 2019 Nobel Peace Prize

Views - 7 Saturday, 12 October 2019 00:00

OSLO (Reuters) - Ethiopian Prime Minister Abiy Ahmed won the 2019 Nobel Peace Prize on Friday for his peacemaking efforts with Eritrea. Ethiopia and Eritrea, longtime foes who fought a border war from 1998 to 2000, restored relations in July 2018 aft

With US tariffs looming, China drums up hope for a partial trade deal

Views - 4 Saturday, 12 October 2019 00:00

BEIJING (Reuters): A Chinese state newspaper said on Friday that a “partial” trade deal would benefit China and the United States, and Washington should take the offer on the table, reflecting Beijing’s aim of cooling the row before more US tar

UK economy on track to dodge pre-Brexit recession but outlook weak

Views - 9 Friday, 11 October 2019 00:10

LONDON (Reuters): Britain’s sluggish economy looks to have dodged recession in the run-up to its deadline for leaving the European Union this month, official data showed on Thursday. Gross domestic product in the three months to August was 0.3% hig

Dollar takes a dive, euro catapulted higher as US-China talks start

Views - 14 Friday, 11 October 2019 00:10

LONDON (Reuters): A dive in the dollar catapulted the euro higher and flattened stocks on Thursday, as the first US-China trade talks since July and a report accusing the European Central Bank chief Mario Draghi of going rogue jostled for attention.

Oil attacks to hit Saudi growth, but damage may be partially offset World Bank

Views - 11 Friday, 11 October 2019 00:04

DUBAI (Reuters): The attacks on Saudi Arabia’s oil facilities last month are expected to impact economic growth this year, the World Bank said in a report, adding that the decline could be partially offset by a boost in government spending in the n

Global stocks struggle as hopes fade for trade and Brexit deals

Views - 11 Thursday, 10 October 2019 00:01

LONDON (Reuters): European stocks steadied on Wednesday, but sentiment remained fragile as negotiations for a Brexit withdrawal deal seemed all but dead and the US-China trade dispute triggered another round of selling. Markets dropped this on concer

China plans to restrict visas for US visitors with ‘anti-China’ links

Views - 16 Thursday, 10 October 2019 00:00

SINGAPORE (Reuters): China is planning tighter visa restrictions for US nationals with ties to anti-China groups, people with knowledge of the proposed curbs said, following similar US restrictions on Chinese nationals, as relations between the count

China joins Asian shares in cautious advance ahead of trade talks

Views - 10 Wednesday, 9 October 2019 00:00

TOKYO (Reuters): Asian shares inched up on Tuesday, with Chinese shares making decent gains after a week-long holiday, though investors remained cautious over US-China trade talks after President Donald Trump said a quick deal was unlikely. European

Climate protesters block streets around the world

Views - 7 Wednesday, 9 October 2019 00:00

LONDON (Reuters): Thousands of climate-change protesters took to the streets in cities around the world on Monday, launching two weeks of peaceful civil disobedience to demand immediate action to cut carbon emissions and avert an ecological disaster.

European stocks reverse course as trade anxiety takes over; LSE tumbles

Views - 10 Wednesday, 9 October 2019 00:00

Reuters: European shares gave up early gains on Tuesday as worries about upcoming high-level US-China trade negotiations build, while the London Stock Exchange was on course for its worst day since 2016 after Hong Kong’s bourse abandoned its bid fo

Hong Kong leader says no plan to use emergency powers for other laws

Views - 10 Wednesday, 9 October 2019 00:00

HONG KONG (Reuters): Hong Kong’s embattled leader Carrie Lam said on Tuesday the government had no plans at present to use colonial-era emergency powers to introduce more new laws, after a long weekend of violent protests saw widespread defiance of

US withdraws troops from northeast Syria ahead of Turkish offensive

Views - 8 Tuesday, 8 October 2019 00:00

ISTANBUL (Reuters): The United States said it was pulling troops from northeast Syria, in a major shift which clears the way for a Turkish military offensive against Kurdish-led forces and hands Turkey responsibility for thousands of Islamic State ca

Hong Kong faces more protests after night of violence

Views - 10 Tuesday, 8 October 2019 00:00

HONG KONG (Reuters): Protest-scarred Hong Kong struggled to recover on Monday after scores of people were arrested in violent clashes overnight and as the last British governor of the Chinese-ruled city warned that people could be killed. “Before l

US diplomats to testify about Trump-Ukraine efforts as Democrats build impeachment case

Views - 6 Tuesday, 8 October 2019 00:00

WASHINGTON (Reuters): A parade of US diplomats will head to Capitol Hill for closed-door testimony this week as Democrats build their impeachment case against President Donald Trump, while the White House considers ways to slow down the process. The

German recession looms as industrial orders drop more than expected

Views - 8 Tuesday, 8 October 2019 00:00

BERLIN (Reuters): German industrial orders fell more than expected in August on weaker domestic demand, data showed on Monday, adding to signs that a manufacturing slump is pushing Europe’s largest economy into recession. Contracts for ‘Made in G

Asian shares cheered by US jobs data but traders fear trade talks

Views - 10 Tuesday, 8 October 2019 00:00

TOKYO (Reuters): Asian shares edged higher on Monday after data showed the US unemployment rate dropped to the lowest in almost 50 years, easing concerns of a slowdown in the world’s largest economy. MSCI’s broadest index of Asia-Pacific shares o

Et tu, Mitt? Trump blasts Republican senator as impeachment battle heats up

Views - 11 Monday, 7 October 2019 01:50

US President Donald Trump on Saturday opened a new front in the impeachment battle that threatens his administration, blasting a prominent member of his party for criticising his push to get foreign nations to probe a leading Democratic rival.

Today's Columnists

Facing the chill wind: Decline in agricultural exports in Sri Lanka

Thursday, 17 October 2019

During the past two years, there is a marked increase in the export revenue as indicated in table 1. The export earnings from January to July 2019 also grew by 2.8% compared to the corresponding period of the previous year, despite the uncertainties

The ‘Strategic Blueprint’ of your firm: Articulating your competitive strategy

Thursday, 17 October 2019

Why do many firms fail to achieve their ambitions and growth targets in revenue and profitability? Several reasons can be found and one of the fundamental issues lies with the firm’s leadership not being able to articulate its competitive strategy

Innovation conundrum: We do or don’t do!

Thursday, 17 October 2019

It is perhaps important to highlight the need for seriously considering an aspect that we need to embrace and embed if we are ever to transform our economy from a dependent deprived status to a one worthy of emulation. The aspect in question is innov

Palaly comes to life again

Thursday, 17 October 2019

Today, 17 October, Sri Lanka is scheduled to re-open the Palaly Airport as its third international aerodrome. There will be many who will applaud and give praise for the refurbishment and upgrading of the new airport; and there will be others who wil

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