Business
IMF board enables disbursement of about $500 mln to Ukraine – Statement
Washington: The IMF Board has approved a nearly $500 million disbursement to Ukraine following a review of the Extended Fund Facility program, the Fund announced in a statement on...
Business
Trump launches sales of fragrances called ‘victory 45-47’
Washington: US President Donald Trump launched the sale of fragrances called "Victory 45-47" for both men and women."Trump...
Business
Tesla inks deal with Chinese partners to construct grid-side-energy storage station in Shanghai
Shanghai: US car maker Tesla on Friday inked a deal with Chinese partners to build a grid-side energy...
Business
Microsoft fires another 300 people after recent major layoff – Reports
Washington: US tech corporation Microsoft has cut its staff by more than 300 people after a major layoff...
Business
U.S. to double steel, aluminum tariffs to 50 pct
New York: U.S. President Donald Trump announced Friday that he plans to double tariffs on steel and aluminum...
Samsung names convicted heir to top job
Seoul: South Korean electronics giant Samsung on Thursday named convicted heir and de facto boss Lee Jae-yong as its executive chairman."The Board cited the...
Lanka IOC revenues, profits soar
Colombo: The revenues and the profits of Lanka Indian Oil Corp (LIOC) soared after authorities implemented a cost-reflective pricing formula for fuel and restored...
Japanese yen touches 32-year low
Tokyo: The Japanese yen touched a 32-year low against the US dollar after official figures showed that prices had risen faster that expected in...
STMicroelectronics to invest 730 mn euros in new plant in Sicily
Rome: Electronic semiconductor maker STMicroelectronics plans to invest 730 million euros (721 million US dollars) in a new chip production facility in Catania on...
SL to ease import restrictions
Colombo: The Sri Lankan government will ease the ban on import of some goods that was enforced due to the economic crisis, Finance State...
Wall Street firms fined $1.8bn
Washington: Some of Wall Street biggest companies have been fined a total of $1.8bn by US financial watchdogs after staff discussed deals and trades...