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1 January – The "Clean Sri Lanka" national initiative commences under the patronage of President Anura Kumara Dissanayake. [1] 16 January – The government announces an agreement with Chinese state oil company Sinopec valued at $3.7 billion to construct a "state-of-the-art oil refinery" with a capacity of 200,000 barrels in Hambantota. [2]
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According to updated economic forecasts from the Fed's Summary of Economic Projections (SEP), central bank leaders see core inflation hitting 2.5% in 2025 — higher than September's projection of ...
Services accounted for 58.2% of Sri Lanka's economy in 2019 up from 54.6% in 2010, industry 27.4% up from 26.4% a decade earlier and agriculture 7.4%. [41] Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector. [42]
The reduced expectations for 2025 rate cuts sent Treasury yields rising in the bond market, squeezing the stock market. The yield on the 10-year Treasury rose to 4.51% from 4.40% late Tuesday ...
The Labor Department on Friday released its jobs report for January, which showed that the U.S. economy added 143,000 jobs last month, which was below economists' expectations.
An economic indicator is a statistic that conveys certain information about economic activity. Economic indicators allow investors to analyze the economic performance of a state, country or region, as well as make forecasts about future performance. For example, each quarter the United States releases data on gross domestic product (GDP). This ...
Here's what else happened today: DirecTV and Dish Network are combining to form a massive pay-TV provider. China's bond market seems skeptical that recent stimulus will be enough to revive its ...