China trims 2017 GDP growth rate just before 2018 pace unveiled

Views - 21 Monday, 21 January 2019 00:00

BEIJING (Reuters): China’s statistics bureau on Friday revised down its final 2017 gross domestic product (GDP) growth to 6.8% from 6.9%, after scaling back initial estimates of the industrial and services sector. The National Bureau of Statistics

EU to hit Chinese e-bikes imports with tariffs

Views - 19 Monday, 21 January 2019 00:00

BRUSSELS (Reuters): The European Union will impose duties from Saturday on Chinese electric bicycles to curb cheap imports which European producers say benefit from unfair subsidies and are flooding the market. E-bikes coming from China will be subje

Singapore’s December exports post worst fall in two years

Views - 21 Monday, 21 January 2019 00:00

SINGAPORE (Reuters): Singapore’s exports recorded their worst decline in more than two years in December as shipments of electronics and pharmaceuticals plunged, official data showed last week. The unexpected decline comes despite ongoing trade tal

US consumer sentiment at two-year low, manufacturing rebounds

Views - 11 Monday, 21 January 2019 00:00

WASHINGTON (Reuters): US consumer sentiment tumbled in early January to its lowest level since President Donald Trump was elected more than two years ago as an ongoing partial shutdown of the federal government and financial market volatility stoked

Alstom expects to complete Siemens tie-up in first-half of 2019

Views - 16 Monday, 21 January 2019 00:00

PARIS (Reuters): French transport infrastructure group Alstom said it was making progress on its planned tie-up with Germany’s Siemens, as the pair fight to win over regulators concerned that the deal could stifle competition in the sector. “The

IMF: No-deal Brexit is biggest risk to Britain’s economy

Views - 16 Monday, 21 January 2019 00:00

WASHINGTON (Reuters): An exit by Britain from the European Union without a framework agreement to preserve some economic integration is the biggest near-term risk to the British economy, an International Monetary Fund spokesman said last week. IMF sp

Murdoch seeks permission to merge UK’s Times and Sunday Times

Views - 10 Monday, 21 January 2019 00:00

LONDON (Reuters): Rupert Murdoch’s London-based newspapers The Times and Sunday Times have asked the British government for permission to share resources across both titles, a move that is barred under rules imposed when the media mogul bought both

Modi’s pre-election handouts to cost India billions, breach fiscal targets sources

Views - 3 Saturday, 19 January 2019 00:10

NEW DELHI (Reuters): A series of vote-catching measures planned by Indian Prime Minister Narendra Modi as he braces for a difficult general election may cost more than Rs. 1 trillion ($14 billion), two sources with direct knowledge of the matter said

Asia stocks rise broadly on US-China trade relief

Views - 2 Saturday, 19 January 2019 00:00

TOKYO (Reuters): Asian stocks rose across the board on Friday as a report of progress in US-China trade talks stirred hopes of a deal in their tariff dispute and supported risk sentiment. Spreadbetters expected European stocks to take their cue from

Germany, China pledge to open markets, deepen financial cooperation

Views - 2 Saturday, 19 January 2019 00:00

BEIJING (Reuters): Germany and China on Friday signed agreements to strengthen coordination in banking, finance and capital markets, and pledged to further open market access and deepen cooperation to broaden economic ties. The agreements were reache

Shutdown clouds outlook for consumer-driven US economic growth

Views - 3 Saturday, 19 January 2019 00:00

NEW YORK (Reuters): After tax cuts, rising incomes and buoyant stock markets set off a consumer boom in 2018, signs are emerging that the main engine of US economic growth could sputter, and a record-long government shutdown further muddies the water

Businesses cry out for Brexit clarity, warn of no-deal chaos

Views - 7 Friday, 18 January 2019 00:00

LONDON (Reuters): Business leaders in Britain and beyond warned on Wednesday of catastrophic job losses and chaos at ports if the country does not agree a European Union withdrawal, turning up the heat on politicians to deliver clarity. A Brexit agre

China confirms Vice Premier Liu to visit US for trade talks 30-31 January

Views - 2 Friday, 18 January 2019 00:00

BEIJING (Reuters): Chinese Vice Premier Liu He will visit the United States on 30 and 31 January for the next round of trade negotiations with Washington, China’s Commerce Ministry said yesterday, confirming earlier reports of the planned talks. Li

Australia’s blistering heat set records for December

Views - 2 Friday, 18 January 2019 00:00

MELBOURNE (Reuters): Australia reported its hottest day on record for December 2019, and it was also the warmest December ever, during a heat wave that began last month and has continued into January, the country’s Bureau of Meteorology said yester

Kenya hotel siege over, militants and at least 21 victims dead

Views - 5 Friday, 18 January 2019 00:00

NAIROBI (Reuters): Kenyan security forces have killed all the Somali militants who stormed an upscale Nairobi hotel compound, taking at least 21 lives and forcing hundreds of people into terrifying escapes, the Government said on Wednesday. Fifty peo

Asia shares falter on China unease, pound finds some peace

Views - 8 Friday, 18 January 2019 00:00

SYDNEY (Reuters): Asian share markets faltered on Thursday as unease over China’s economic outlook eroded early gains, though an anti-climactic end to the latest chapter in the Brexit saga did offer sterling a moment’s peace. MSCI’s broadest in

China signals more stimulus as economic slowdown deepens

Views - 14 Thursday, 17 January 2019 00:31

BEIJING (Reuters): China on Tuesday signalled more stimulus measures in the near term as a tariff war with the United States took a heavy toll on its trade sector and raised the risk of a sharper economic slowdown. The world’s second-largest econom

Euro zone economy faces longer slowdown, not recession: ECB’s Draghi

Views - 12 Thursday, 17 January 2019 00:31

FRANKFURT (Reuters): The euro zone’s economy is not heading for a recession but still needs support from the European Central Bank as its slowdown could last longer than expected, the head of the ECB, Mario Draghi, said on Tuesday. Investors have p

World stocks ride out May’s Brexit defeat, pound steadies

Views - 10 Thursday, 17 January 2019 00:29

LONDON (Reuters): World equity markets on Wednesday rode out the heavy parliamentary defeat for British Prime Minister Theresa May’s Brexit deal, as investors saw potential for legislative deadlock to force London to delay its departure from the EU

Oil dips on global economic slowdown, but OPEC-led cuts provide support

Views - 21 Thursday, 17 January 2019 00:28

SINGAPORE (Reuters): Oil prices dipped on Wednesday on increasing signs of a global economic slowdown, although OPEC-led supply cuts helped support Brent crude above $60 per barrel. International Brent crude oil futures were at $60.53 per barrel at 0

China central bank injects record net $83 billion in open market operations

Views - 17 Thursday, 17 January 2019 00:28

SHANGHAI (Reuters): China’s central bank on Wednesday made its biggest daily net cash injection via reverse repo operations on record, more evidence that authorities are shifting to policy easing to counter a slowdown in the world’s second larges

Kenyan president says Nairobi attack murdering 14 is over as jihadists killed

Views - 5 Thursday, 17 January 2019 00:00

NAIROBI, AFP: Kenyan President Uhuru Kenyatta said Wednesday that Islamists who stormed an upmarket hotel complex, killing 14 people, had been “eliminated” after an almost 20-hour siege in which hundreds of civilians were rescued. At least one s

‘El Chapo’ paid ex-Mexican president $100 million bribe: Trial witness

Views - 7 Thursday, 17 January 2019 00:00

Reuters: Accused Mexican drug lord Joaquin “El Chapo” Guzman once paid a $100 million bribe to former Mexican President Enrique Pena Nieto, an ex-Guzman associate testified on Tuesday that he previously told US authorities. Alex Cifuentes, who ha

EU ready to discuss new Brexit deal if UK changes ‘red lines’

Views - 4 Thursday, 17 January 2019 00:00

STRASBOURG (Reuters) - The European Union told Britain it could have a different kind of Brexit deal after its parliament overwhelmingly rejected the one negotiated by Prime Minister Theresa May — but only if London changes its key demands. Address

‘Still time to negotiate,’ Merkel says after Brexit vote

Views - 4 Thursday, 17 January 2019 00:00

BERLIN, AFP: German Chancellor Angela Merkel said Wednesday “we still have time to negotiate” after the British Parliament overwhelmingly rejected Prime Minister Theresa May’s deal on leaving the European Union. “We still have time to negoti

Brexit bedlam: May’s EU divorce deal crushed by 230 votes in parliament

Views - 4 Thursday, 17 January 2019 00:00

LONDON (Reuters): British lawmakers defeated Prime Minister Theresa May’s Brexit divorce deal by a crushing margin on Tuesday, triggering political chaos that could lead to a disorderly exit from the EU or even to a reversal of the 2016 decision to

Coming to Canada ‘worth the risk,’ says Saudi teen refugee

Views - 7 Wednesday, 16 January 2019 00:00

TORONTO (Reuters): Rahaf Mohammed al-Qunun plans to pursue an education, get a job and “live a normal life” in Canada – things she said she could not do in her home of Saudi Arabia, which she fled fearing for her life, she told Canadian media o

Ex-Ivorian leader Gbagbo acquitted of war crimes, to be freed

Views - 6 Wednesday, 16 January 2019 00:00

THE HAGUE (Reuters): International Criminal Court (ICC) judges yesterday acquitted former Ivorian leader Laurent Gbagbo of all war crime charges and ordered his immediate release in a blow to prosecutors who have lost other major cases in recent year

Transparency International finds “irregularities” in Bangladesh vote

Views - 8 Wednesday, 16 January 2019 00:00

DHAKA (Reuters): Anti-corruption group Transparency International said yesterday that it found “irregularities” in 47 of 50 constituencies it surveyed during last month’s general election in Bangladesh, which was marred by allegations of vote r

China’s exports shrink most ain two years, raising risks to global economy

Views - 6 Wednesday, 16 January 2019 00:00

BEIJING (Reuters): China’s exports unexpectedly fell the most in two years in December, while imports also contracted, pointing to further weakness in the world’s second-largest economy in 2019 and deteriorating global demand. Adding to policymak

Today's Columnists

New Year resolution: Attaining financial freedom in 2019!

Thursday, 24 January 2019

It is that time of the year when everyone, young and old is journaling their new-year resolutions, and reflecting on the past year. You might be disappointed if you are carrying forward a few resolutions from the past years. You could be thinking, wh

10-year challenge: Has Sri Lanka made progress in last decade to become financially-literate?

Thursday, 24 January 2019

The ’10-Year Challenge,’ Facebook’s latest social media phenomenon has taken the internet by a storm. People are posting a picture from 10 years ago alongside their current profile picture or some other photograph and the transformation through

Catwalk beyond 400 PPM – Consuming towards disaster!

Thursday, 24 January 2019

Catwalks sizzle! What’s on the catwalk – the skin, the silk, lycra parading endlessly broadcast to the world whatever new and popular in clothing and accessories and it also communicates desirable dimensions too in a not-too-subtle manner. Knowi

Rolling back big government – The next big challenge

Thursday, 24 January 2019

Preliminary estimates in the 2019 Budget to be presented on 5 March this year include an income of 2.5 trillion and a debt service requirements of a whopping 2.2 trillion, leaving only a net income of 0.3 trillion. As for expenditure, the Government

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