International

India’s industrial growth slows to five-month low in March

Views - 6 Monday, 14 May 2018 00:00

NEW DELHI (Reuters): India’s industrial output growth slowed to a five-month low of 4.4% in March, dragged down by smaller increases in mining, but the central bank is expected to hold interest rates in its next policy meeting amid growing inflatio


Negotiators fail to reach NAFTA deal, Trump launches new attack

Views - 8 Monday, 14 May 2018 00:00

Washington (Reuters) - Senior American, Canadian and Mexican officials on Friday (11 May) ended a week of talks without a deal to modernise NAFTA, agreeing instead to resume negotiations soon, ahead of a deadline next week issued by US House of Repre


Blow after blow dims re-election hopes of Pakistan’s ruling party

Views - 7 Monday, 14 May 2018 00:00

Islamabad (Reuters): Reeling from clashes with the judiciary and hobbled by media restrictions linked to the powerful military, Pakistan’s ruling party’s once-wide path to retaining power is narrowing ahead of a general election this summer.


India and Nepal PMs launch construction of 900 MW power plant

Views - 9 Monday, 14 May 2018 00:00

Kathmandu (Reuters): Indian Prime Minister Narendra Modi on Friday (11 May) visited Nepal to launch building work with his counterpart K.P.Sharma Oli on the country’s biggest hydroelectric project, as New Delhi seeks to rebuild trust in the Himalay


IS-inspired suicide bombers attack Indonesian churches, at least 11 dead

Views - 9 Monday, 14 May 2018 00:00

SURABAYA, Indonesia (Reuters): Suicide bombers suspected to be from an Islamic State-inspired group killed at least 11 people and wounded 40 in attacks on Christians attending Sunday morning services at three churches in Indonesia’s second-largest


Iraq PM Abadi appears ahead in poll, Sadr strong

Views - 7 Monday, 14 May 2018 00:00

Baghdad (Reuters): Prime Minister Haider al-Abadi’s list appears to be leading in Iraq’s parliamentary election, followed by influential Shi’ite cleric Moqtada al-Sadr’s alliance, an election commission source and a security official told Reu


Trump seeks ‘very meaningful’ summit in Singapore with North Korea

Views - 6 Saturday, 12 May 2018 00:34

WASHINGTON (Reuters): US President Donald Trump said on Thursday he had high hopes of “doing something very meaningful” to curtail North Korea’s nuclear ambitions at a summit in Singapore next month, after Pyongyang smoothed the way for talks b


Asian stocks near three-week top, dollar eases after US inflation

Views - 7 Saturday, 12 May 2018 00:00

SYDNEY (Reuters): Asian markets started on a firm footing and the dollar eased on yesterday as softer-than-forecast US inflation data tempered expectations for faster Federal Reserve interest rate rises this year.


Malaysia’s Mahathir says king willing to grant full pardon for Anwar

Views - 9 Saturday, 12 May 2018 00:00

KUALA LUMPUR (Reuters): Malaysia’s newly-elected Prime Minister Mahathir Mohamad said yesterday that the country’s monarch has indicated he was willing to grant a full pardon to jailed politician Anwar Ibrahim immediately.


Russia, after Netanyahu visit, backs off Syria S-300 missile supplies

Views - 8 Saturday, 12 May 2018 00:00

MOSCOW (Reuters): Russia is not in talks with the Syrian government about supplying advanced S-300 ground-to-air missiles and does not think they are needed, the Izvestia daily cited a top Kremlin aide as saying yesterday, in an apparent U-turn by Mo


Oil boost helps world stocks turn positive for 2018

Views - 8 Friday, 11 May 2018 00:00

TOKYO (Reuters): Asian stocks rose on Thursday, with energy shares leading the way as crude oil prices bolted higher after


China’s won’t change stance on trade talks with US-China commerce ministry

Views - 13 Friday, 11 May 2018 00:00

BEIJING (Reuters): China’s stance in the ongoing bilateral trade negotiations with the United States will not change, China’s


Malaysia may renegotiate some deals with China: Mahathir

Views - 10 Friday, 11 May 2018 00:00

Kuala Lumpur (Reuters) - Malaysia may renegotiate some deals with China, former Prime Minister Mahathir Mohamad said on Thursday


Gold firms as dollar rally pauses, geopolitical tensions simmer

Views - 8 Friday, 11 May 2018 00:00

LONDON (Reuters) - Gold edged higher on Thursday as the dollar paused for breath, holding near its 2018 peak


Subdued UK industrial output data caps glum first quarter for economy

Views - 7 Friday, 11 May 2018 00:00

LONDON (Reuters): British industrial output barely rose in March, confirming a glum first quarter for the economy that looks likely to scupper a Bank of England interest rate hike later on Thursday.


US weekly jobless claims hover near 48-year low

Views - 7 Friday, 11 May 2018 00:00

Reuters: New applications for U.S. unemployment benefits unexpectedly held near more than a 48-year low last week, pointing to a further tightening of labor market conditions.


Mahathir, 92, sworn in as Malaysia’s seventh prime minister

Views - 7 Friday, 11 May 2018 00:00

KUALA LUMPUR (Reuters) - Mahathir Mohamad was sworn in as Malaysia’s seventh prime minister on Thursday after


UN Security Council pushes Myanmar on accountability over Rohingya

Views - 6 Friday, 11 May 2018 00:00

UNITED NATIONS (Reuters): The United Nations Security Council urged Myanmar’s government on Wednesday to carry out transparent investigations


Europe licks wounds as Saudi Arabia and Israel hail Trump on Iran

Views - 10 Friday, 11 May 2018 00:00

PARIS/DUBAI/WASHINGTON (Reuters): When Saudi Arabia’s Crown Prince visited France in April, he oozed confidence


Israel says it attacked targets in Syria after Iranian rocket fire

Views - 8 Friday, 11 May 2018 00:00

Jerusalem/Beirut (Reuters): Israel said it attacked nearly all of Iran’s military infrastructure in Syria yesterday after Iranian forces fired rockets at Israeli-held territory for the first time.


More than a million Turks say ‘Enough’ to Erdogan on social media

Views - 10 Thursday, 10 May 2018 00:00

ANKARA (Reuters): More than a million Turks piled onto social media to call time on President Tayyip Erdogan on Tuesday, making the word “Tamam” (“Enough”) a trending topic worldwide after he promised to step down if the people wanted it. “


Modi aiming to get BJP a southern foothold with Karnataka win

Views - 4 Thursday, 10 May 2018 00:00

BENGALURU, India (Reuters): Prime Minister Narendra Modi has thrown himself into a campaign to win a tight election in Karnataka this weekend and secure a beachhead in the south, ahead of his own re-election bid next year. Karnataka, home to India’


North Korean leader Kim visits China, meets President Xi

Views - 9 Thursday, 10 May 2018 00:00

BEIJING/SEOUL (Reuters): North Korean leader Kim Jong Un visited China and met President Xi Jinping, state media of both countries said on Tuesday, their second encounter in two months in a flurry of diplomatic engagement that has eased tensions on t


Trump abandons ‘defective’ Iran nuclear deal, to revive sanctions

Views - 8 Thursday, 10 May 2018 00:00

WASHINGTON (Reuters): President Donald Trump on Tuesday pulled the United States out of an international nuclear deal with Iran, raising the risk of conflict in the Middle East, upsetting European allies and casting uncertainty over global oil suppli


Britain’s upper house of parliament votes in favour of staying in EU’s single market

Views - 8 Thursday, 10 May 2018 00:00

LONDON (Reuters): Britain’s upper house of parliament on Tuesday inflicted another defeat on Prime Minister Theresa May’s government, voting in favour of staying in the European Union’s single market. The House of Lords voted 245 to 218 in favo


South Korean prosecutors raid LG’s head office in tax probe

Views - 6 Thursday, 10 May 2018 00:00

SEOUL (Reuters): South Korean prosecutors have raided LG Group’s head office as part of a probe into alleged tax evasion by family members controlling the conglomerate, the prosecutors’ office said on Wednesday. Prosecutors are looking into possi


Mallya loses £ 1.1-b asset case filed by Indian banks in London court

Views - 8 Thursday, 10 May 2018 00:00

LONDON: Vijay Mallya’s efforts to challenge the registration of a ruling by India’s Debt Recovery Tribunal in the UK, and the freezing of international assets failed on Tuesday, as a court in London ruled against him, in what will be seen as a l


US job openings hit record high, more workers quitting

Views - 9 Thursday, 10 May 2018 00:00

WASHINGTON (Reuters): US job openings surged to a record high in March, suggesting that a recent slowdown in hiring was probably the result of employers having difficulties finding qualified workers. The monthly Job Openings and Labor Turnover Survey


Oil prices push higher after US walks away from Iran nuclear deal

Views - 6 Thursday, 10 May 2018 00:00

SINGAPORE (Reuters): Oil prices pushed higher in early trading on Wednesday after US President Donald Trump walked away from an international nuclear deal with Iran, a move that may curb the OPEC-member’s crude exports in an already tight market. T


Trump, China’s Xi discuss trade ahead of talks next week

Views - 4 Thursday, 10 May 2018 00:00

WASHINGTON (Reuters): US President Donald Trump and Chinese President Xi Jinping discussed ongoing trade issues on Tuesday, as both sides continue to position themselves amid a heated feud over tariffs between the world’s two largest economies. The


Today's Columnists

Annuity-based PPP can expedite infrastructure developments

Tuesday, 22 May 2018

Sri Lanka has primarily relied on public finance for the development of public goods and infrastructure. While running


Is there value in surveillance? Ask the Chinese

Tuesday, 22 May 2018

Global commentary would suggest that surveillance (whether offline or online) casts a shadow on personal freedoms and any conversation that involves such spy games quite quickly descends into a 1984-esque discussion about dystopian futures. However,


Mangala’s Gam Peraliya: Good move but essential requirement a village level database

Monday, 21 May 2018

Finance Minister Mangala Samaraweera, announcing the Government’s decision to move for a flexible fuel price system based on international prices built into a pricing formula, made a side announcement as well.


New mandate to navigate ‘Nation’s management mentor’

Monday, 21 May 2018

I was delighted to be reappointed by the University Grants Commission (UGC) as the Director of the Postgraduate Institute of Management (PIM) for the second term of three years.


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