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,
The world’s diesel market is running out of time to replenish dangerously low fuel stockpiles before hurricane season and refinery maintenance kick in — a development that could ripple through inflation, trade,
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Shares of Warren Buffett’s Berkshire Hathaway have underperformed the broader market by one of the widest margins in decades, triggering unease among investors as the 94-year-old billionaire prepares to step down as
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China’s ambitious campaign to consolidate its fragmented semiconductor industry into a few powerful state-backed players is faltering, as internal disagreements and market realities challenge Beijing’s top-down push to rival U.S. and European
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India’s capital markets regulator, the Securities and Exchange Board of India (Sebi), has indicated that further structural reforms to the country’s vast derivatives market may be on the horizon, following recent moves
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Chinese exporters are beginning to reassess years of offshore investment in Southeast Asia as the latest wave of US tariffs and restrictions on “transshipment” force a major rethink of regional supply chain
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Shares in Europe’s largest banks have surged to their highest levels since the 2008 global financial crisis, buoyed by a sharp rise in long-term interest rates and a renewed investor appetite for
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A Hong Kong court has ordered a freeze on a key HSBC bank account at the center of a high-profile legal battle involving the multibillion-dollar inheritance of Zong Qinghou, the late founder
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A new generation of crypto lenders is pushing the boundaries of risk with innovative digital asset loans, three years after a devastating market crash led to widespread insolvencies in the sector. San
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JPMorgan Chase & Co. is expanding its research coverage to include private companies — starting with one of the sector’s most watched names, OpenAI. The Wall Street giant launched its first-ever research
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For over two decades, Jane Street Group maintained an aura of mystery — a trading juggernaut with no publicly named CEO, guarded communication policies, and an office famously adorned with the WWII
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Linda Yaccarino, the chief executive of X (formerly Twitter), has announced her resignation, stepping down just two years after being appointed by Elon Musk to lead the platform’s transformation. In a statement
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The European Union has voted to remove the United Arab Emirates (UAE) and Gibraltar from its “grey list” of countries with inadequate money laundering and counter-terrorism financing (AML/CFT) controls. The decision, passed
More Leading U.S. private equity firms have abruptly paused their controversial “on-cycle” recruitment process, a practice that involved hiring promising college graduates for roles set to begin several years in the future. The
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UBS has made approximately 100 “goodwill payments” to clients in Switzerland who suffered steep losses on foreign exchange derivatives after market turmoil sparked by former U.S. President Donald Trump’s April 2 “liberation
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PwC’s newly appointed UK senior partner Marco Amitrano is considering managing partner Laura Hinton as the leading candidate to head the firm’s Middle East operations, according to a report by the Financial
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