Sri Lanka Business News

Traditionally a safe haven at times of uncertainty, the precious metal has moved higher as investors look for an alternative to the weak dollar. Buyers are also moving into gold as a defence against inflation, which they believe could take...

Sri Lankan Born Business tycoon, Raj Rajaratnam currently booked on charges of Insider trading has now gone on a selling spree in his home country stock market, the Colombo Stock Exchange (CSE). The proceeds from exiting these shares are believed...

On Monday 23rd, the President had sent a proclamation to the Commissioner of Elections to seek a fresh mandate. And this was a much awaited declaration for the Opposition Front. Then on Tuesday, there were reports that the dispute between...

Jim Walden, partner at law firm Gibson Dunn & Crutcher in New York and Mr Rajaratnam’s defence attorney, said his client was innocent of insider trading and would fight the charges in court...The allegations about Mr Rajaratnam’s background will underscore...

Galleon Group founder Raj Rajaratnam and five others charged a month ago in the biggest U.S. hedge fund insider trading case will be in talks with prosecutors for at least another month over the allegations against them, court documents said...

Investigators expect more people to be charged in the Galleon hedge fund insider trading case, and they said they have cooperating witnesses to strengthen their case against the fund's billionaire founder, Raj Rajaratnam. In statements at a court hearing and...

NZ scores 5.5 out of 10 for Telecom regulation Wednesday December 2, 02:44 PM New Zealand scores 5.5 out of 10 in an assessment of regulatory risk for telecommunication companies in 13 markets in Asia and the Pacific by credit...

The decline is mainly due to the record high prices that dampened consumer demand, Bombay Bullion Association director Suresh Hundia said, adding volume of shipment also declined in October as the festival demand is no longer there. In the international...

Sri Lanka's central bank on Saturday said it has been buying gold to diversify its reserves amid volatile currency markets, days after India announced it had purchased 200 tonnes of the precious metal. Central Bank assistant governor Nandalal Weerasinghe declined...