Oil market sinks on rising US inventories

Saturday, 26 October 2013 - 8:06


World oil prices dived to multi-month lows this week, weighed down by abundant stockpiles in top consumer the United States.


Coffee futures slumped to their lowest levels in four and a half years, as traders also eyed the prospect of bumper harvests from top producers Brazil and Vietnam.


On the upside, precious metals won some support as the dollar hit a two-year euro low.

Central Bank approved more than Rs. 60 billion working capital loans to COVID-19 affected businesses
Friday, 10 July 2020 - 23:10

The Central Bank of Sri Lanka (CBSL) approved 22,306 loans amounting to Rs. 60,250 million under the Saubagya COVID-19 renaissance facility as of 10th... Read More

Foreign reserves increase to US $ 6.7 billion
Friday, 10 July 2020 - 9:06

The Central Bank states that the country's foreign reserves have recovered in June.Foreign reserves rose to $ 6.7 billion in June from $ 6.49 billion in... Read More

Central Bank clarifies about concessions
Friday, 10 July 2020 - 7:25

The Central Bank of Sri Lanka states that the interest rate reduction has not been given to the borrowers by commercial banks.This was stated by the... Read More