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International Business

SL bars foreign firms from port contract

FT ONLINE Sri Lankan President Maithripala Sirisena told the Sri Lanka Ports Authority (SLPA) workers’ unions here on Tuesday, that he would not “under any…

China’s economy slows in second quarter

FT ONLINE China’s economy lost momentum in the second quarter, a survey shows, as Beijing’s efforts to curb risky lending and investment took a toll…

US, Qatar agree F-15 fighter sale

FT ONLINE US Secretary of Defense Jim Mattis and his Qatari counterpart Khalid al-Attiyah signed a letter of agreement Wednesday for a $12-billion sale of…

Gold price opens higher in Hong Kong

FT ONLINE The gold price in Hong Kong went up 2 Hong Kong dollars to open at 11,790 dollars (about 1,512.00 U.S. dollars) per tael…

British inflation jumps to 4-yr peak

FT ONLINE British inflation soared close to a four-year high in May, official data showed on Tuesday, boosted by the rising cost of energy, food…

British pound tumbles after UK vote

The pound plunged Friday as the surprise election setback to Prime Minister Theresa May injected uncertainty into Britain’s negotiations with the European Union over Brexit.…

Gold price opens higher in Hong Kong

FT ONLINE The gold price in Hong Kong went up 12 Hong Kong dollars to open at 11,750 dollars (about 1,507.80 U.S. dollars) per tael…

Pakistan hikes development budget by 40%

FT ONLINE Pakistan on Friday announced a 40 percent increase in its development budget over the next financial year as the government continues to invest…