Musk says Twitter now worth $20 billion, less than half what he paid for it
March 25 (Reuters) – Twitter Inc CEO Elon Musk has offered the social-media company’s employees stock grants at a valuationContinue Reading
Category: Business Briefing
Twitter source code leaked online, U.S. court filings show
Pieces of the computer code used to run Twitter were leaked online, according to court filings, marking the social mediaContinue Reading
Sri Lanka international bondholders may see 20% principal haircut -analysts
LONDON, March 23 (Reuters) – Holders of Sri Lanka’s international sovereign bonds face a 20% principal haircut in the country’sContinue Reading
Twitter Will Officially Revoke ‘Legacy’ Blue Checkmarks on April 1
Twitter is ending a verification system that gave blue check marks to accounts it had determined were authentic and inContinue Reading
Sri Lanka receives first tranche of IMF bailout
(Reuters)-Sri Lanka has received the first tranche of an IMF bailout programme, President Ranil Wickremesinghe told parliament on Wednesday. TheContinue Reading
Sri Lanka bailout conditional on tackling corruption, governance & mismanagement- IMF
(AFP& AP)-Sri Lanka must not allow entrenched corruption to undermine a bailout for its bankrupt economy, the IMF said TuesdayContinue Reading
Sri Lanka’s national consumer price inflation at 53.6% in Feb
(Reuters) – Sri Lanka’s National Consumer Price Index (NCPI) rose 53.6% in February on the year, after a rise ofContinue Reading
Sri Lanka to receive first tranche from IMF in next two days
COLOMBO, March 21 (Reuters) – Sri Lanka will receive the first tranche of about $330 million from the International MonetaryContinue Reading
Credit Suisse Collapse Burns Saudi, Qatar Investors- Wall Street Journal
Credit Suisse’s recent meltdown erased billions of dollars in investments by Saudi National Bank , Qatar’s sovereign fund and the Saudi-basedContinue Reading
Full statement by IMF- Executive Board Approves US$3 Billion Under the New Extended Fund Facility (EFF) Arrangement for Sri Lanka
March 20, 2023 Full statement by IMF Communications Department Washington, DC: The Executive Board of the International Monetary Fund (IMF) approvedContinue Reading
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