Author: KMFSLLP

Goldman Sachs Group Inc named David Solomon as its next chief executive officer on Tuesday, replacing Lloyd Blankfein who will step down on Sept. 30.

Sri Lankan shares climbed to their highest close in nearly three weeks on Tuesday, with foreign trading accounting for about 40 percent of the session's turnover.

The Sri Lankan rupee closed weaker on Tuesday as dollar demand from importers exceeded greenback selling by exporters, traders said.

Digital bank Revolut has reported suspected money laundering activities on its network to British law enforcement and regulatory agencies, a spokesman said on Tuesday, adding that the sums of money involved were not significant. The spokesman confirmed an article in the Financial Times newspaper which said the bank had flagged a...

Goldman Sachs Group Inc reported a 44 percent rise in second-quarter profit on Tuesday, driven by strength in its investment banking and fixed income trading businesses.

They need the reach and resources that businesses offer

* Rai Way keen on EI Towers under certain conditions -source (Recasts to add shares, analysts, source on Rai Way)

A spokesman for British Prime Minister Theresa May said the outcome of President Donald Trump's meeting with his Russian counterpart Vladimir Putin in Helsinki on Monday does not undermine the strength of the transatlantic alliance.

Some of the amendments may not be a problem but PM faces a struggle to win over her party

Egypt is setting up a sovereign wealth fund with a capital of 200 billion Egyptian pounds ($11 billion), the state news agency said on Tuesday.