Coronavirus: Stocks rocked by record volatility
(UTV|Coronavirus pandemic) – Global stock markets are seeing record levels of volatility with the five biggest one-day points falls happening in less than a month....
Category : ADVERTORIAL
US Fed cuts rates to buffer economy from coronavirus
(UTV|COLOMBO) – Faced with a growing economic shutdown from the coronavirus pandemic, that could cause the US economy to contract, the US Federal Reserve on...
Apparel industry affected by coronavirus
(UTV|Coronavirus) – The country’s apparel industry has been significantly affected as a result of the threat of the novel coronavirus, that has rapidly spread across...
Coronavirus: Asia stocks fall after global central bank action
(UTV| Coronavirus) – Stock markets in Asia have fallen even after central banks around the world announced a coordinated effort to ease the effects of...
Rate cuts: US goes to almost zero and launches huge stimulus programme
(UTV|COLOMBO) – The US has cut interest rates to almost zero and launched a $700bn stimulus programme in a bid to protect the economy from...
Bill Gates steps down from Microsoft board to focus on philanthropy
(UTV|COLOMBO) – Microsoft co-founder Bill Gates is stepping down from the company’s board to spend more time on philanthropic activities. He says he wants to...
Pelwatte Dairy contributes to improve socio economy states of local dairy farmers
(UTV|COLOMBO) – Industry leading local dairy milk producer, Pelwatte Dairy Industries Ltd., has taken initiative to uplift and empower the local dairy farmers and small...
Africa Vulnerable to Capital Flight on Virus Concern, Fitch Says
(UTV|BUZZ REPORT) – The spread of the coronavirus and tumbling oil prices could trigger a capital exodus from Africa, where governments have few tools available...
CSE trading halted for 30 minutes
(UTV|BUZZ REPORT) – Regular trading at the Colombo Stock Exchange (CSE) was temporarily halted for 30 minutes from 9.42 am to 10.12 am yesterday morning...
Alibaba founder Jack Ma unseats Indian tycoon Mukesh Ambani as Asia’s richest man after US$5.8 billion rout
(UTV|BUZZ REPORT) – As oil prices collapsed alongside global stocks amid mounting coronavirus fears, billions of dollars were erased from Ambani’s net worth While the...