No Brexit more likely than a disorderly one, say economists

Views - 3 Monday, 22 April 2019 00:10

London (Reuters): The chances that Brexit will be cancelled are now greater than the chances Britain will leave the European Union without a deal, according to economists in a Reuters poll, who again pushed back their expectations for when the Bank o

In nod to debt concerns, China Belt and Road summit to urge sustainable financing

Views - 14 Monday, 22 April 2019 00:10

SHANGHAI (REUTERS): World leaders meeting in Beijing this week for a summit on China’s Belt and Road initiative will agree to project financing that respects global debt goals and promotes green growth, according to a draft communique seen by Reute

UK PM Theresa May to be told to quit by top Conservative

Views - 1 Monday, 22 April 2019 00:09

LONDON (Reuters): A top member of Prime Minister Theresa May’s Conservative Party will tell her in the coming week that she must step down by the end of June or her lawmakers will try again to depose her, the Sunday Times reported, without citing s

Four die as attack on Saudi police station foiled

Views - 1 Monday, 22 April 2019 00:00

Riyadh (Reuters): Four people died as an attack on a police station in Saudi Arabia’s central Riyadh province was foiled, Saudi-owned Al Arabiya television said on Sunday, citing its own sources. The four casualties had helped carry out the attack

Kremlin says Mueller report shows no evidence of Russian meddling

Views - 1 Monday, 22 April 2019 00:00

MOSCOW (Reuters): The Kremlin said on Friday that US Special Counsel Robert Mueller’s long-awaited report did not contain any evidence the Russian state had meddled in the 2016 US presidential election. Mueller’s report, released on Thursday, det

Thai king confers awards on two Australian divers for rescue of cave boys

Views - 2 Monday, 22 April 2019 00:00

BANGKOK (Reuters): Two Australian cave divers who were instrumental in the rescue last year of 12 Thai boys and their soccer coach from a flooded cave received on Friday a royal honour from King Maha Vajiralongkorn in a ceremony in Bangkok. The “Wi

Pakistan PM Imran Khan hints at further cabinet changes after ‘batting order’ shuffle

Views - 1 Monday, 22 April 2019 00:00

ISLAMABAD (Reuters): Pakistani Prime Minister Imran Khan said on Friday that he would not hesitate to make more changes to his cabinet if required a day after a major reshuffle that saw the appointment of a new finance minister and nine other ministe

China says Silk Road not geopolitical tool, understands concerns

Views - 1 Monday, 22 April 2019 00:00

BEIJING (Reuters): China’s Belt and Road project is not a “geopolitical tool” or a debt crisis for participating nations, but Beijing welcomes constructive suggestions on how to address concerns over the initiative, the government’s top diplo

China invites North Korea to Belt and Road summit

Views - 1 Monday, 22 April 2019 00:00

Beijing, AFP: China said Friday leaders from 37 nations and North Korean representatives will attend a summit for its Belt and Road Initiative next week as it hit back at criticism of the massive trade infrastructure project. Chinese President Xi Ji

Malaysia to revive multi-billion dollar project linked to China

Views - 11 Monday, 22 April 2019 00:00

KUALA LUMPUR (Reuters): Malaysia said on Friday it will revive a multi-billion dollar property project to be built by a China-linked venture, nearly two years after it was cancelled. The Bandar Malaysia project will resume with the original contracto

Aramco to buy Shell’s 50% stake in Saudi refining joint venture for $ 631 m

Views - 15 Monday, 22 April 2019 00:00

DUBAI (Reuters): Saudi Aramco said yesterday it would acquire Royal Dutch Shell’s 50% stake in Saudi refining joint venture SASREF for $ 631 million. The sale is expected to complete later this year, the two companies said in a joint statement. Sau

Italy set to come out of recession in Q1 2019: Bank of Italy

Views - 6 Monday, 22 April 2019 00:00

ROME (REUTERS): Italy’s economy grew by around 0.1% in the first three months of 2019, the Bank of Italy said on Thursday, suggesting that the country has pulled clear of the recession it slipped into in the second half of 2018. In its quarterly e

Fed’s Harker sees ‘sound’ economy, forecasts future rate hike

Views - 9 Monday, 22 April 2019 00:00

The US economy could still deliver “sound” growth and warrant a single rate hike “at most” this year, a Federal Reserve policymaker said on Wednesday. Federal Reserve Bank of Philadelphia President Patrick Harker said a strong labour market,

US trade deficit hits eight-month low on weak Chinese imports

Views - 13 Monday, 22 April 2019 00:00

Washington (Reuters): The US trade deficit fell to an eight-month low in February as imports from China plunged, temporarily providing a boost to President Donald Trump’s “America First” agenda and economic growth in the first quarter. The surp

US labour market remains tight, economy continues to grow: Fed Beige Book

Views - 6 Monday, 22 April 2019 00:00

Washington (Reuters): Labour markets remained tight across the United States as businesses struggled to find skilled workers and wages grew modestly, the Federal Reserve said on Wednesday in its latest report on the economy. The US central bank’s

China will keep supporting economy as ‘pressure’ lingers: politburo

Views - 7 Monday, 22 April 2019 00:00

BEIJING (Reuters): China will maintain policy support for the economy, which still faces “downward pressure” and difficulties after better-than-expected first quarter growth, a top decision-making body of the Communist Party said on Friday. The s

Asian shares edge up to nine-month high, European, Japan PMIs awaited

Views - 7 Friday, 19 April 2019 00:00

TOKYO (Reuters): Asian shares were subdued on Thursday after a negative performance on Wall Street, with caution ahead of business surveys in Europe and Japan, and the Good Friday and Easter holidays keeping investors on the sidelines. MSCI’s broad

Oil prices extend losses despite surprise drop in US inventories

Views - 5 Friday, 19 April 2019 00:00

SYDNEY (Reuters): Oil prices edged down on Thursday despite a surprise decline in US inventories, with international benchmark Brent retreating from a five-month high touched in the previous session. Brent crude futures were at $71.51 a barrel at 005

Indians begin voting in second phase of mammoth general election

Views - 4 Friday, 19 April 2019 00:00

NEW DELHI (Reuters): Voters across swaths of southern India began queueing up early on Thursday in the second phase of a mammoth, staggered general election in which opposition parties are trying to stop Prime Minister Narendra Modi from winning a se

Toppled Bashir moved from residence to Khartoum’s Kobar prison: relatives

Views - 3 Friday, 19 April 2019 00:00

KHARTOUM (Reuters): Deposed ex-Sudanese President Omar al-Bashir has been moved to Khartoum’s grim high-security Kobar prison from the presidential residence, family sources said on Wednesday, as military rulers announced steps to crack down on cor

Peru’s ex-president Garcia kills himself to avoid arrest in Odebrecht probe

Views - 3 Friday, 19 April 2019 00:00

LIMA (Reuters): Peru’s former president Alan Garcia shot himself in the head on Wednesday to avoid arrest in connection with alleged bribes from Brazilian builder Odebrecht, taking his own life, in the most dramatic turn yet in Latin America’s la

Japan exports hit by weak China demand, raising risk of economic contraction

Views - 11 Thursday, 18 April 2019 00:00

TOKYO (Reuters): Japan’s exports fell for a fourth straight month in March as China-bound shipments slumped again, reinforcing growing anxiety that weak external demand may have knocked the economy into contraction in the first quarter. Ministry of

French President Macron hopes to rebuild Notre-Dame in five years

Views - 5 Thursday, 18 April 2019 00:00

PARIS (Reuters): President Emmanuel Macron pledged on Tuesday that France would rebuild the fire-devastated Notre-Dame de Paris cathedral, saying he hoped the work would be done in five years and the French people would pull together to repair their

China’s first quarter growth unexpectedly steadies, but too early to call clear recovery

Views - 4 Thursday, 18 April 2019 00:00

BEIJING (Reuters): China’s economy grew at a steady 6.4% pace in the first quarter from a year earlier, defying expectations for a further slowdown, as industrial production jumped sharply and consumer demand showed signs of improvement. The upbeat

‘City of lights’ plunged into dark sorrow as Notre-Dame burns

Views - 6 Wednesday, 17 April 2019 00:00

PARIS (Reuters): Distraught Parisians and stunned tourists gazed in disbelief on Monday as a monstrous inferno tore through Paris’ Notre-Dame cathedral, one of the world’s best-loved monuments. Thousands of onlookers lined bridges over the Seine

Pope calls for ‘all to mobilise’ to rebuild Notre-Dame

Views - 2 Wednesday, 17 April 2019 00:00

VATICAN CITY, AFP: Pope Francis said Tuesday he hoped everyone would pull together to rebuild the devastated Notre-Dame cathedral in Paris following a massive fire. “I hope the Notre-Dame cathedral may once again become, thanks to reconstruction w

Jailed Reuters reporters, US border photographers win Pulitzer Prizes

Views - 5 Wednesday, 17 April 2019 00:00

NEW YORK (Reuters): Reuters won two Pulitzer Prizes on Monday, one for revealing the massacre of 10 Muslim Rohingya men by Buddhist villagers and Myanmar security forces, and another for photographs of Central American migrants seeking refuge in the

Indonesia’s election: the people, issues and preparations

Views - 3 Wednesday, 17 April 2019 00:00

JAKARTA (Reuters): More than 192 million Indonesians are eligible to vote in presidential and parliamentary elections on Wednesday after campaigns focused on the economy, but with political Islam looming large over the world’s biggest Muslim-majori

Pakistan reaches ‘agreement in principle’ with IMF over bailout

Views - 6 Wednesday, 17 April 2019 00:00

ISLAMABAD (Reuters): Pakistan has reached an “agreement in principle” with the International Monetary Fund (IMF) over a bailout program and expects to formally secure a rescue package later this month, a Pakistani minister said on Monday. The lon

IMF deal hopes nudge Pakistan bonds towards year-long highs

Views - 5 Wednesday, 17 April 2019 00:00

LONDON (Reuters): Pakistan’s dollar-denominated government bonds climbed towards their highest level in over a year on Monday as the country appeared to be closing in on a new International Monetary Fund (IMF) support program. Bonds were up as much

Today's Columnists

Poignant pondering on a patriarch

Monday, 22 April 2019

Almost five months have gone. It is with a profound sense of sadness that we experienced the demise of our veteran teacher, respected author, legal luminary, an accomplished ambassador, an eminent public servant and an amazing human being, Dr. Wickre

Enemies of democracy – Part I Demand for a strongman to rule the country

Monday, 22 April 2019

I posed the following question to a group of university students recently: ‘Do you desire to have a strongman to rule Sri Lanka today?’ The students, made up of both genders in the age group of 25 to 35, chorused the answer in the affirmative. Wh

The sad demise of Jet Airways

Monday, 22 April 2019

Jet Airways of India, once the premier full-service carrier of the sub-continent, has ceased operations. “Jet Airways and its Board of Directors have been forced to take this extreme measure, as prolonged and sustained efforts with lenders and auth

No more stones to break Sri Lankan bones

Friday, 19 April 2019

Trial by fire is not a new ordeal to Christian community. It predates Notre Dame and Nazism by millennia. In fact, a decade or so before Nero torched believers to light Roman avenues, Jewish religious leaders put Jesus-followers to the test as the Ch

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