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Oil heads for second weekly loss as supply concerns weigh

SINGAPORE, Nov 7 (Reuters): Oil edged up on Friday following three days of declines on worries about excess supply and slowing demand in the U.S., though prices appeared to be headed for a second week of losses.Brent crude futures rose 21 cents, or 0.33%, to $63.59 a barrel at 0149...

Sri Lanka vows to overhaul loss-making national airline

COLOMBO, Nov 7 (AFP): Sri Lankan President Anura Kumara Dissanayake vowed Friday to overhaul the country's loss-making national airline after the government failed to find a buyer, in line with commitments under an IMF bailout.Successive administrations have sought to sell SriLankan Airlines, which has been burdening the state budget, but...

IDRA HOLDS SEMINAR TITLED 'CONVENTIONAL INSURANCE PLANS FOR YOUTH'

IDRA holds a seminar titled "Conventional Insurance Plans for Youth" at the International Standard University recently, as part of the four seminars held to celebrate "Youth Festival: Customer Service Side - 2025," an intiative to raise insurance awareness among the youth. IDRA Chairman Dr. M. Aslam Alam was present at...

India gold discounts widen as demand slackens post-festivals; China activity cools

Physical gold demand in India remained subdued this week as volatile prices deterred buyers from making purchases and prompted dealers to offer steep discounts to lure them, while demand cooled in China on changing tax regulations, reports Reuters.Indian dealers were offering a discount of up to $14 per ounce over...

Honda's profit slips

TOKYO, Nov 7 (AP): Honda reported Friday that its profit for the first fiscal half through September fell 37% from the previous year, as the damage from President Donald Trump's tariffs offset the lift from solid motorcycle sales.Tokyo-based Honda Motor Co. recorded a 311.8 billion yen ($2 billion) profit for...

China to restore soybean licences for 3 US firms

BEIJING (Reuters): China will restore soybean import licenses for three U.S. firms and lift its suspension on U.S. log imports starting Nov. 10, its customs authority said on Friday in another sign of easing trade tensions between the two nations.The license suspensions for farmer-owned cooperative CHS, global grains exporter Louis...