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    • Sri Lanka Air Force dismisses reports of accommodating President Rajapaksa

      A spokesman of the Sri Lanka Air Force (SLAF) said a video released by Ajith Dharmapala, a former police officer, claimed that President Rajapaksa was staying at the house belonging to Pathirana.

    • The worst for emerging market currencies is not over: ANZ

      Fears of deflation along with a rising risk of competitive devaluation has been behind the emerging market currency rout recently and "this is not necessarily the end of it", says Khoon Goh of ANZ Research.

    • Why Turkey is hurtling towards a currency crisis

      Over the past week, Turkish President Tayyip Erdogan`s administration has lashed out at the central bank, urging it to aggressively lower interest rates to shore up economic growth ahead of general elections in June.

    • 'India lost a decade under UPA, but turnaround underway'

      According to Arvind Panagariya, even when India is facing a slowdown in economic growth and currency crisis, its economy is growing around 5 percent which was considered high growth rate previously. He, therefore, expects Indian economy to see a turnaround in another year and half.

    • Falling rupee a concern; Centre not sitting idle: FM

      Finance Minister Pranab Mukherjee today said the steep fall in the rupee was a matter of great concern and the Centre was trying to resolve the situation.

    • Euro likely to fall to 1.25 levels in 3 months: Rabobank

      Financial head of research at Rabobank, Adrian Foster believes that the euro could fall below its lifetime lows to around 1.25 per dollar levels.

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