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China's "National Team" Dumped ETFs In Q1 To Cool Overheating Market

For years, and especially after the local stock bubble burst in spectacular fashion a little over a decade ago, China's "National Team" - a polite euphemism for the country's Plunge Protection Team - could be relied upon to step in and provide a lending hand - or rather buying hand - to stabilize stocks in the nick …

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Sampath Bank extends RCGC Monthly Medal Title Sponsorship - DailyNews

Sampath Bank Private Banking takes the lead as Title Sponsor of the Royal Colombo Golf Club Monthly Medal Golf Tournament, marking the Bank’s third overall year of association with one of Sri Lanka’s most distinguished golfing events. The tournament will take place on the April 24 and 25, bringing together over 300 …

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Unit trusts offer stability amid global market uncertainty - DailyNews

Amid ongoing global geopolitical and economic uncertainty, and resulting market volatility – including recent spillovers into regional equity markets, Sri Lanka’s unit trust industry continues to underscore the importance of disciplined investing. While recent market conditions have led to a moderation in fund inflo…

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SriLankan Airlines fraud: Magistrate orders arrest of Kapila Chandrasena’s wife - DailyNews

Fort Magistrate Isuru Nettikumara yesterday ordered the Criminal Investigation Department (CID) to immediately arrest and produce Priyanka Neomali Wijayasinghe, the second suspect in the case involving financial fraud during the acquisition of aircraft for SriLankan Airlines. Wijayasinghe is the wife of former SriLa…

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ASX set to slide, Wall Street advances on results; Oil climbs

The US stock market is rising toward more records after GE Vernova, Boston Scientific and other big companies joined the list of those reporting fatter profits for the start of the year than analysts expected. But caution is still hanging over Wall Street, and oil prices are also rising on uncertainty about what wil…

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