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
Category: Business Briefing
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
Sri Lanka closes in on $2.9 bln IMF deal after China support
Summary COLOMBO/WASHINGTON, March 7 (Reuters) – Sri Lanka looks set to get a sign-off on a long-awaited $2.9 billion four-yearContinue Reading
Sri Lanka President Says China Agrees To Restructure Loans
(AFP)-Sri Lanka’s President said Tuesday that China had agreed to restructure its loans to the bankrupt island nation, clearing theContinue Reading
Saudi Arabia says it deposited $5B in Turkish central bank
DUBAI, United Arab Emirates (AP) — Saudi Arabia said Monday it deposited $5 billion into the Turkish central bank, likelyContinue Reading
Sri Lanka raises rates, relaxes currency band as it seeks to secure IMF bailout
COLOMBO (Reuters) -Sri Lanka’s central bank raised interest rates on Friday to tackle inflation and said it would relax itsContinue Reading
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