The U.S. Supreme Court on Thursday dealt another setback to organized labor by making it easier for employers to sue over strikes that cause property destruction in a ruling siding with a concrete business in Washington state that sued the union representing its truck drivers after a work stoppage.

U.S. construction spending surged in April, boosted by investment in nonresidential structures, but higher mortgage rates continued to depress single-family homebuilding.

The U.S. Supreme Court on Thursday dealt another setback to organized labor by making it easier for employers to sue over strikes that cause property destruction in a ruling siding with a concrete business in Washington state that sued the union representing its truck drivers after a work stoppage.

Sri Lankan shares closed higher on Thursday, aided by gains in industrial and financial stocks, as a surprise 250 basis points cut in key interest rates by the country's central bank boosted investor confidence.

Sri Lankan shares rose on Thursday after the country's central bank cut key interest rates by 250 basis points on easing inflation, signalling that the South Asian nation was emerging from a devastating financial crisis.

Sri Lankan shares rose on Thursday after the country's central bank cut key interest rates by 250 basis points on easing inflation, signalling that the South Asian nation was emerging from a devastating financial crisis.

Sri Lankan shares closed higher on Wednesday, aided by gains in financial and communication services stocks, while investors await the monetary policy decision from the country's central bank this week where it is expected to keep key rates unchanged.

India's infrastructure output expanded 3.5% year-on-year in April, government data showed on Wednesday.

Sri Lankan shares closed lower on Tuesday, dragged by losses in consumer staples stocks and LOLC Finance.

Sri Lankan shares closed lower on Monday, dragged by losses in industrial and energy stocks.