Abu Dhabi's Masdar buys 25 pct stake in floating wind farm in U.K
ABU DHABI, Jan 17 Abu Dhabi green energy firm Masdar has acquired a 25 percent stake in Hywind Scotland, the world's first offshore floating wind farm, it said on Tuesday.
COLOMBO Jan 6 The Sri Lankan rupee ended lower on Friday on dollar demand from importers, but the central bank's moral suasion continued to prevent further decline, even days after the monetary authority signalled a change in its intervention policy.
Rupee forwards were active, with one-month forwards ended at 151.15/30 per dollar, compared with Thursday's close of 151.00/20.
"Today one-month and two-week forwards traded actively, but we don't see one-week forwards after yesterday's moral suasion forced reversal of deals below 150.40," said a currency dealer who declined to be named.
Officials from the central bank were not available for comments.
Central Bank Governor Indrajith Coomaraswamy said on Tuesday that defending the rupee with foreign exchange reserves "doesn't seem sensible" as it has always been followed by a sharp depreciation in the currency.
Two-week forwards were active and traded at 150.70/80, compared to the previous day's close of 150.65/75 in the absence of one-week forwards, while spot-next forwards and the spot rupee were hardly traded, dealers said.
The rupee has been under pressure due to rising imports and net selling of government securities by foreign investors, they added. ($1 = 149.6000 Sri Lankan rupees) (Reporting by Ranga Sirilal and Shihar Aneez; Editing by Vyas Mohan)
* Discover financial services - credit card delinquency rate 1.60% at December end versus 1.60 percent at November end - sec filing
LONDON, Jan 17 Prime Minister Theresa May set out the principles that will guide her approach to Britain's withdrawal from the European Union in a speech in London on Tuesday.