Reuters – U.S. stocks finished steady on Monday, clawing back early losses during a volatile session after U.S. and Israeli air strikes on Iran roiled global markets. Investors bought the dip with some enthusiasm and a strong bid emerged for AI‑focused shares. Gains in energy, tech and defense stocks offset losses in other sectors. The…
Reuters – Gold prices rose for a fifth consecutive session on Tuesday, as investors sought safe-havens amid an escalating U.S. and Israeli air war against Iran, raising fears the conflict could spiral into a protracted regional war and deepen uncertainty. FUNDAMENTALS * Spot gold was up 1% at $5,377.21 per ounce, as of 0122 GMT….
Reuters – Oil prices rose for a third day on Tuesday as the widening U.S.-Israeli conflict with Iran and threats to shipping through the Strait of Hormuz heightened fears of supply disruptions from the key Middle East producing region. Brent crude futures were at $78.83 a barrel, up $1.10, or 1.4%, by 0107 GMT. On…
Emirates will operate a limited number of flights from the evening of today (March 2) as airspace disruptions continue to affect operations. Passengers with earlier bookings will be prioritised and contacted directly if rebooked. The airline has urged customers not to travel to the airport unless they receive confirmation. All other flights remain suspended until…
The U.S. and Israeli attacks on Iran are roiling global markets, with U.S. futures falling about 1% ABC News – Military strikes on Iran rattled global markets on Monday with U.S. futures following markets in Europe and Asia lower. Energy prices rose sharply. Futures for the S&P 500 and Dow Jones Industrial Average each sank…
Emirates has extended its temporary suspension of flight operations to and from Dubai until 1500 hrs UAE time on Tuesday, 3 March 2026, as multiple regional airspace closures continue to disrupt aviation services. In its latest operational update issued on 1 March 2026, the airline said the situation remains fluid and is being monitored continuously…
Reuters – Airline shares plunged on Monday, with Hong Kong’s Cathay Pacific and Australia’s Qantas Airways down more than 5%, and European airline stocks indicated lower, after the U.S. and Israel launched weekend strikes on Iran, disrupting travel and sending oil prices surging. Shares in Lufthansa and TUI were each indicated to open down nearly 12%. Global air travel was in…
The Unit Trust Association of Sri Lanka wishes to inform the public and market participants of key tax-related provisions concerning Unit Trusts included in the proposed Bill to amend the Inland Revenue Act. Strengthening Transparency Through Income Certification Under the existing Inland Revenue framework, Unit Trusts are treated as pass-through vehicles for income tax purposes,…
Group PAT surges 221% YoY to Rs. 10 billion in FY 2025 Group operating profit rises 27% YoY to Rs. 14.2 billion Finance costs down 21% YoY SLT PLC PAT climbs 196% YoY to Rs. 6.2 billion in FY 2025 Mobitel achieves Rs. 3.1 billion PAT in FY 2025, a 2,123% YoY increase SLT-MOBITEL Mobile…
SriLankan Airlines has announced the cancellation of several flights scheduled for today (02) due to the continued closure of airspace in parts of the Middle East. According to the airline, the decision was taken in the interest of passenger safety and wellbeing as regional operational conditions remain uncertain. Cancelled Flights UL225 — Colombo to Dubai…
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