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,
China is rapidly expanding its oil reserve capacity as part of a strategic campaign to strengthen its energy security, a push that has gained urgency following Russia’s invasion of Ukraine and continued
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Japan’s Government Pension Investment Fund (GPIF), the world’s largest with $1.8 trillion in assets, is considering a move into impact investing, a strategy that targets both financial returns and measurable social or
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The Japanese yen fell sharply after pro-stimulus lawmaker Sanae Takaichi won the ruling Liberal Democratic Party leadership contest, positioning her to become Japan’s first female prime minister. Investors welcomed her victory as
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Inside JPMorgan Chase & Co.’s investment banking division, executives are sounding a note of caution on the rising optimism surrounding nuclear energy in the United States. “We’ve spent so much time on
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In a potential pivot for India’s cryptocurrency stance, Finance Minister Nirmala Sitharaman on Friday stated that countries must “prepare to engage” with stablecoins, whether they are ready or not. Her remarks, made
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Amazon (AMZN.O) is set to lose one of its senior-most executives in the devices and services division, just days after unveiling a slate of new hardware. Rob Williams, vice president of device
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Deputy Minister of Finance Anil Jayantha has pushed back against recent reports suggesting that the President’s expenditure head in Sri Lanka’s 2025 budget has tripled compared to the previous year. He emphasized
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by Our Economic Affairs Editor The Bank for International Settlements (BIS), a name that to the uninitiated might sound benign, bureaucratic, and perhaps faintly dull, has long been cloaked in a veil
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India’s markets regulator is exploring plans to bring family offices under its supervision, reflecting the growing influence of billionaire families on the nation’s stock exchanges. The discussions, reported by Bloomberg, aim to
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State securities regulators are raising concerns that their ability to prosecute cryptocurrency-related fraud could be sharply curtailed under draft legislation making its way through Congress — just as federal enforcement against digital-asset
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Kuwait Petroleum Corp. (KPC) has enlisted JPMorgan Chase & Co. to advise on a potential leasing deal involving part of its pipeline network, according to people familiar with the matter. The state-run
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OpenAI has become the world’s most valuable startup after completing a secondary share sale that values the company at $500 billion, eclipsing Elon Musk’s SpaceX. The deal, first reported by Bloomberg, highlights
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Australia’s rapidly expanding superannuation sector could exacerbate financial stress during a severe market disruption, the Reserve Bank of Australia (RBA) warned in its latest Financial Stability Review, Bloomberg reports. Superannuation funds, the
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Indonesia’s central bank is facing heightened pressure from the government as finance minister Purbaya Yudhi Sadewa signals he does not support Bank Indonesia’s independence, fueling investor concerns about fiscal dominance and market
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After years of being spurned by major banks, former President Donald Trump’s family wealth has found a new home at Citigroup Inc., with his son Eric Trump establishing a trust at the
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