India’s Jet Airways suspends operations after banks reject plea for emergency funds
MUMBAI/NEW DELHI (Reuters) – Embattled Jet Airways said on Wednesday it was halting all flight operations after its lenders rejected itsContinue Reading
Category: Business
Oman denies it has agreed to invest in Sri Lanka oil refinery project
NEW DELHI (Reuters) – Oman’s oil ministry on Wednesday denied being part of a $3.85 billion plan to build anContinue Reading
Indian-Omani group strikes $3.85 bln deal to build Sri Lanka oil refinery
COLOMBO, March 19 (Reuters) – India’sAccord Group and Oman’s Ministry of Oil and Gas have signed a $3.85 billion dealContinue Reading
Abu Dhabi allows third party Qatar bound vessels after 20-Month Embargo
An obscure port circular may signal an easing of the almost two-year Saudi-led embargo of Qatar. Abu Dhabi will nowContinue Reading
IMF delays Sri Lanka’s loan discussion on political crisis
The International Monetary Fund (IMF) said on Tuesday it had delayed discussions on Sri Lanka’s next loan tranche due toContinue Reading
Carlos Ghosn’s arrest and likely dismissal from #Nissan sends shockwaves in auto industry
Nissan chairman Carlos Ghosn faces being fired this week after being arrested in Japan over allegations of financial misconduct, theContinue Reading
Bond Buyers Scorched as #SriLanka’s Promise Turns to Crisis #lka
Nation faces major setback as bonds, rupee continue to fall Timing of political crisis ‘very poor’: PineBridge Investment Bloomberg: WhenContinue Reading
Markets Update: Stocks Sink in Turbulent Trading, Treasuries Gain
S&P 500 and Dow plunge, Nasdaq 100 sinks as tech rally stalls Safe haven gold soars the most since 2016,Continue Reading
More pain predicted for Sri Lanka Rupee as records tumble
The value of the Rupee against the US Dollar fell to a new low of Rs. 171 for the firstContinue Reading
Oil rises toward four-year high as Iran sanctions loom
LONDON (Reuters) – Oil traded above $85 a barrel and near a four-year high on Wednesday, supported by expectations thatContinue Reading
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