Sri Lanka’s trade deficit widened by 69% in the first seven months of 2026, exceeding US$6.5 billion, as a sharp rise in import expenditure far outpaced the modest growth in export earnings,
India is intensifying financial sector reforms to stabilize foreign investment and bolster capital buffers amid nearly $17 billion in outflows so far this year, Reuters reports. The measures aim to ease access
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China’s industrial profits rose for a second straight month in September, giving officials a measure of optimism that the world’s second-largest economy may be stabilizing despite weak domestic demand and trade uncertainties.
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The Asia-Pacific region remains the world’s fastest-growing economic area, but rising tariffs and protectionist policies could dampen export demand and weigh on activity, the International Monetary Fund said in a report released
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The Trump administration’s July 2025 decision to have the Office of the U.S. Trade Representative (USTR) investigate Brazil’s “attacks on American social media companies as well as other unfair trading practices,” followed
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The Russian Embassy in Colombo issued a strongly worded press release on October 20 warning that any attempt by the European Union to redirect frozen Russian sovereign assets held in Europe would
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Singapore-based Sea Ltd., Southeast Asia’s e-commerce and gaming powerhouse, could achieve a trillion-dollar market capitalization, founder Forrest Li told employees in a memo Monday, according to Bloomberg News. The projection represents roughly
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For weeks, Vipin Raina, head of trading at MMTC-Pamp India Pvt., had been preparing for a silver-buying wave. But when it hit, it overwhelmed even him. As millions of Indians rushed to
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Deloitte has agreed to pay $34 million to investors who blamed the auditor for losses linked to the collapse of the South Carolina utility Scana’s nuclear reactor project, marking a rare securities
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Institutional Shareholder Services (ISS), a leading proxy advisory firm, has recommended that Tesla shareholders vote against Elon Musk’s proposed $1 trillion pay package, citing concerns over its “striking magnitude” and the absence
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Standard & Poor’s (S&P) on Friday downgraded France’s sovereign credit rating from AA- to A+, citing expectations that public debt will rise faster than previously projected. The move, the third downgrade by
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Gold may reach unprecedented levels of $10,000 per ounce as it gains renewed popularity as a safe haven, JPMorgan CEO Jamie Dimon predicted this week. The precious metal, traditionally seen as a
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HSBC Holdings Plc has confirmed that it is not exposed to the fallout from the bankruptcy of First Brands Group, a scandal-hit auto-parts supplier whose collapse has left major Wall Street firms
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A simmering rivalry between Wall Street’s biggest banks and the fast-growing private credit industry boiled over this week after a pair of credit market blowups triggered public sparring between JPMorgan Chase &
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Russian liquefied natural gas shipments targeted by UK sanctions are continuing to enter China, as Moscow and Beijing appear prepared to circumvent London’s latest restrictions, Bloomberg reported. On Wednesday, the UK imposed
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On the outskirts of Manila lies a largely empty stretch of land that became the center of a financial whirlwind when Manuel Villar, the Philippines’ richest man, moved it between companies in
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