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,
Singapore’s financial regulator has imposed a total of US$21.5 million (S$27.45 million) in penalties on nine banks and financial institutions, including global giants UBS and Citi, for compliance failures tied to a
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India’s stock market regulator, the Securities and Exchange Board of India (SEBI), has imposed a temporary ban on New York-based trading giant Jane Street, alleging the firm engaged in a “sinister scheme”
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China has sharply criticized the recent US-Vietnam trade agreement, expressing fears that President Donald Trump is using his so-called “liberation day” tariff negotiations with third countries to restrain China’s export-driven economy. The
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The Bank for International Settlements (BIS) has issued a stark warning about the fragility of the modern global financial system, emphasizing that despite significant changes since the 2007–09 financial crisis, the core
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Sir Pascal Soriot, chief executive of AstraZeneca, has expressed a private desire to move the company’s primary stock market listing from London to the United States, according to sources cited by The
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KPMG stepped down as auditor of Prax Group, the parent company of one of the UK’s largest oil refineries, in the year leading up to its sudden insolvency, according to a report
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Editor’s Note: Annie White, Director of Software Tools at the Growth Lab, Harvard Kennedy School, and Sebastian Bustos, Senior Research Fellow at the Center for International Development, Harvard University, recently presented their
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Liquidators pursuing funds looted from Malaysia’s scandal-ridden 1MDB sovereign wealth fund are suing UK-based banking giant Standard Chartered for more than $2.7 billion, alleging the bank played a central role in one
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Two of the Middle East’s most powerful energy companies, Saudi Aramco and the Abu Dhabi National Oil Company (Adnoc), are hitting the brakes on their multibillion-dollar acquisition strategies as falling oil prices
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President Donald Trump announced that a group of “very wealthy people” is preparing to purchase the American operations of TikTok, as the social media giant faces a government-mandated divestiture aimed at separating
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Senior executives and board members at Nvidia have sold more than $1 billion worth of company stock over the past year, including a sharp uptick in trading this month, as reported by
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Central bankers worldwide are raising alarms over the persistent threat of inflation resurgence, driven by lasting “scars” on households from the sharp price increases following the pandemic. According to a recent report
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Global public debt soared to an all-time high of $102 trillion in 2024, with developing countries shouldering nearly a third of that burden, according to a new report by the United Nations
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Top central bankers have delivered a blistering critique of stablecoins, declaring them unfit to function as mainstream money and warning of major risks if they are elevated to a central role in
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Anti-corruption watchdog Transparency International Sri Lanka (TISL) has filed a petition in the Supreme Court challenging a proposed amendment to the Companies Act No. 07 of 2007, warning that the draft law
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