Swiss bank Credit Suisse shares tank after Saudi backer rules out further assistance
Shares of Credit Suisse on Wednesday plunged to a fresh all-time low for the second consecutive day after a top investor inContinue Reading
Category: Business Briefing
Sri Lanka’s economy shrinks 7.8% in 2022
Sri Lanka’s economy shrank 7.8% in 2022 from the previous year, government data showed on Wednesday, as the country struggledContinue Reading
Strike grips Sri Lanka as unions protest IMF bailout
Bankrupt Sri Lanka’s hospitals were crippled and transport disrupted on Wednesday as trade unions protested against the doubling of taxesContinue Reading
Gold Bling and BMWs- Pakistan politicians’ gift trove revealed
Pakistan politicians and government officials received a treasure trove of gifts from foreign dignitaries over the past two decades includingContinue Reading
Biden tells US to have confidence in banks after 2 collapse
NEW YORK (AP) — President Joe Biden insisted Monday that the nation’s banking system was safe, seeking to project calmContinue Reading
Saudi Arabia unveils new airline to compete with Gulf rivals
(AFP)-Saudi Arabia announced Sunday the creation of a new national airline, part of a plan to turn Riyadh into aContinue Reading
Facebook parent Meta exploring new social network to rival Twitter
March 10 (Reuters) – Meta Platforms Inc is exploring plans to launch a new social media app in its bid toContinue Reading
Sri Lanka to announce debt restructuring strategy in April – Central bank chief
COLOMBO (Reuters) -Sri Lanka aims to announce a debt-restructuring strategy in April and step up talks with commercial creditors aheadContinue Reading
Sri Lanka Banks On IMF Deal To Tap Frozen Billions in foreign aid
(AFP)-Sri Lanka voiced hope on Wednesday that a long-awaited IMF bailout would be finalised soon and help unfreeze billions ofContinue Reading
Sri Lanka in talks to extend $1 bln Indian credit line as IMF deal looms – sources
COLOMBO, March 7 (Reuters) – Sri Lanka is negotiating with India to extend a $1 billon credit line by aContinue Reading
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