SriLankan Airlines improved its underlying operating performance in 2024/25, but engine shortages, 487 flight cancellations, falling passenger revenue and LKR 31.6 billion in finance costs pushed the Group into a LKR 2.74
The US national debt is set to surpass $40 trillion this week, months earlier than forecasters had expected, as faster borrowing reflects both the government’s widening fiscal gap and billions of dollars
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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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The emergence of complex pricing structures among funeral service providers in recent years has led to a rise in complaints from people who say they were made to sign contracts for more
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The United States’ ambitious Golden Dome missile-defence initiative is approaching a critical point, with its senior military leader expressing confidence in the programme’s ability to deliver its planned capabilities within a stated
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The Indian rupee is expected to edge higher at Monday’s open as investors reduce expectations of a Federal Reserve rate hike next month following an unexpectedly weak US jobs report. Continued intervention
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India’s central bank is expected to hold off on raising interest rates until December or later, with economists pointing to subdued core inflation despite recent increases in headline consumer prices. The outlook
More The Indian rupee is expected to hold above the 96-per-dollar mark when trading opens on Tuesday, with sustained intervention by the Reserve Bank of India (RBI) and a decline in global oil
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Meta is facing higher borrowing costs as investors seek greater compensation for financing its latest artificial intelligence infrastructure project, underscoring growing caution in debt markets over the rapid expansion of AI investment.
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India’s private sector expanded at its slowest pace in more than four years in July, as a marked slowdown in the country’s dominant services sector weighed on overall business activity despite stronger
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China’s largest airlines are entering the peak summer travel period under growing financial pressure after warning of significant first-half losses, raising concerns over whether carriers can manage rising fuel expenses while passenger
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India’s state-run banks expect to raise nearly $30 billion through a special foreign currency deposit programme introduced by the Reserve Bank of India, according to five bankers familiar with discussions between lenders
More Indian companies are on course to record their highest-ever level of outbound investments this fiscal year, increasing pressure on the rupee as capital continues to flow overseas amid declining foreign investment and
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China’s growing use of export controls on critical minerals has transformed a long-running supply chain issue into a strategic contest involving governments, manufacturers and defence industries, according to a Financial Times report
More India’s government has stepped up efforts to attract foreign currency deposits from overseas Indians as the rupee remains under pressure and the country’s foreign exchange reserves continue to decline. Finance Minister Nirmala
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Cyber fraud in India has escalated at an unprecedented pace, with government data showing that more than 80 percent of the total financial losses recorded since 2020 occurred in just the past
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