by Our Correspondent in Colombo Serious allegations have emerged in Sri Lanka against Hatton National Bank (HNB), a prominent private sector bank, with multiple customers claiming that the institution has been quietly
Long-term borrowing costs across major economies climbed to multi-decade highs on Tuesday, as investors reassessed the outlook for inflation, government finances and the enormous financing requirements associated with the artificial intelligence boom.
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The Reserve Bank of India likely intervened in the foreign exchange market on Monday, four traders told Reuters, as uncertainty over the Middle East conflict kept oil prices elevated and sentiment jittery.
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India has opened a tax amnesty scheme allowing small taxpayers to declare certain previously undisclosed foreign income and assets, giving eligible individuals until December 31 to come forward under a one-time disclosure
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JPMorgan Chase ended its banking relationship with prediction-market platform Polymarket last year, citing regulatory concerns, in a move that highlights the continuing caution among major financial institutions towards an industry growing rapidly
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Leading US artificial intelligence companies OpenAI and Anthropic are cutting the prices of some of their models as they compete to retain cost-conscious customers increasingly turning to cheaper alternatives from Chinese rivals.
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The extraordinary wealth being created by artificial intelligence is already reshaping an industry far removed from the laboratories where the technology is developed. Wealth managers are cutting fees, recruiting advisers and redesigning
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It has been revealed that during a loan instalment settlement executed through the General Treasury, USD 2.5 million belonging to the Central Bank of Sri Lanka was diverted to an unauthorised third
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Singapore Airlines has booked operating losses of about S$1bn ($780mn) on its investment in Air India less than two years after taking a 25 per cent stake in the Indian carrier, raising
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Australia’s industrial umpire has approved new minimum standards requiring food and grocery delivery workers to receive hourly rates above the national minimum wage and to be covered by injury insurance while working.
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Nvidia is partnering with six major financial institutions to launch financing platforms aimed at raising more than $500 billion in third-party capital for artificial intelligence infrastructure, in a move that underscores the
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