Day: August 23, 2019

Straits Herald August 23, 2019

US toymaker Hasbro announced Thursday that it is acquiring studio Entertainment One, which owns popular cartoon series “Peppa Pig” among other children’s content, for approximately $4 billion. Under the all-cash transaction, Entertainment One shareholders will receive 5.6 pounds ($6.86) per share, according to a statement from Hasbro. In addition to Peppa Pig, the popular swine […]

Straits Herald August 23, 2019

Weaker trade and investment weigh on GDP growth, despite stable private and public consumption. Leading Moody’s to make downward changes to full-year GDP forecasts for 2019-2020.Moody’s Investors Service has — in a newly released report — revised downwards its GDP growth forecast for 16 economies in Asia Pacific. Of the 16, Hong Kong and Singapore have shown particularly […]

Straits Herald August 23, 2019

Sri Lanka’s central bank cut its main lending rate Friday for the second time in three months hoping to lift the economy as its struggles in the wake of the devastating Easter attacks that hit the key tourism sector. The Central Bank of Sri Lanka (CBSL) said the rate at which it lent to commercial […]