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 Reserve Bank of India likely intervened in the foreign exchange market on Friday to support the rupee, according to three traders cited by Reuters, as elevated oil prices and sustained corporate
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Hyundai Motor’s South Korean union staged its first full strike in a decade on Friday after wage negotiations stalled, escalating a labour dispute centred not only on pay but also on retirement
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Singapore has launched its latest response to Hong Kong’s aggressive efforts to attract hedge fund managers and other financial professionals, proposing tax exemptions on certain investment profits as the two Asian financial
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by Our Correspondent in Colombo Sri Lanka is set to enter a new agreement with the International Monetary Fund (IMF) when its current programme expires in March 2027, according to sources familiar
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Hong Kong’s securities market regulator has defended a HK$1 billion (US$128 million) settlement with PricewaterhouseCoopers Hong Kong over an auditing scandal involving China Evergrande Group, as the developer’s liquidators seek to have
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For years, offshore trusts offered China’s wealthiest individuals a sophisticated way to protect assets, plan succession and, in some cases, reduce their tax exposure. Now, that once-familiar route into the grey zones
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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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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
More Hong Kong is approaching a potentially important stage in the evolution of its role as a global financial hub, with policymakers and market participants calling for a broader range of financial products,
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India’s largest conglomerate is entering a potentially decisive period of transition. Tata Sons, the holding company behind businesses spanning steel, power, aviation, automobiles and technology, is preparing for a change at the
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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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India’s Tamil Nadu state is set to sign investment agreements worth about 150.5 billion rupees ($1.58 billion) for more than a dozen new projects by overseas companies, according to a government source,
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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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