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,
Gold has surpassed the euro to become the world’s second most important reserve asset for central banks, according to a new report from the European Central Bank (ECB). The shift marks a
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European Central Bank (ECB) President Christine Lagarde has considered cutting short her term to assume leadership of the World Economic Forum (WEF), according to an exclusive report by the Financial Times. The
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HSBC UK has issued a warning to its employees that failure to meet in-office attendance requirements could lead to reduced bonuses, as the bank tightens its stance on remote working. The move,
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National Development Bank PLC (NDB) has reported a strong financial performance for the first quarter of 2025, with profit before tax rising by 118% year-on-year to Rs. 4.0 billion. The Bank’s post-tax
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Indonesia has officially inaugurated a new sovereign wealth fund, Daya Anagata Nusantara (Danantara), with an initial budget of $20 billion. The ambitious fund, designed to manage state assets valued at over $900
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Warren Buffett, the renowned billionaire investor and chairman of Berkshire Hathaway, has defended the conglomerate’s record cash pile of $334.2 billion, asserting that the company remains committed to equity investments despite holding
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by Satchi Morgan Housel’s The Psychology of Money is a profound meditation on the often-irrational relationship humans have with wealth. While financial literature is traditionally inundated with rigid mathematical formulas, investment strategies,
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The International Monetary Fund (IMF) has long played a pivotal role in managing sovereign debt crises, providing loans to countries teetering on the brink of default, contingent upon their agreement to an
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Global corporate debt issuance surged to an all-time high of $8 trillion in 2024, driven by robust investor demand and declining borrowing costs, The Financial Times reported. The issuance of corporate bonds
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As Sri Lanka approaches its crucial presidential election on September 21, 2024, transparency and accountability are at the forefront of public discourse. The Commission to Investigate Allegations of Bribery or Corruption has
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