Cash-strapped Sri Lanka to restructure domestic debt
Colombo: Sri Lankan authorities have declared a five-day closure of financial markets from Thursday ahead of a controversial move to restructure the...
China’s state banks seen selling dollars offshore to slow yuan drop – sources
China's major state-owned banks were seen selling dollars in the offshore spot foreign exchange market on Tuesday, four sources with knowledge of...
KPMG to cut 5% of US jobs in fresh round of layoffs
KPMG is laying off 5% of its U.S. employees after feeling the pinch of "economic headwinds, coupled with historically low attrition," a...
S&P Global cuts China 2023 growth forecast to 5.2% from 5.5%
S&P Global said it has cut its 2023 GDP growth forecast for China after May data showed a post-COVID recovery was faltering...
Oil climbs, rouble falls as markets take mutiny in stride
Oil was slightly higher on Monday and the rouble lower as an abortive weekend mutiny by Russian mercenaries raised questions about Russian...
JPMorgan cuts nearly 40 investment bankers in US
JPMorgan Chase & Co (JPM.N) is cutting nearly 40 investment bankers in the U.S., a source with knowledge of the matter said.
The reductions...
Aramco, TotalEnergies sign $11bn contract to build petrochemicals complex in Saudi Arabia
Saudi Arabian Oil Company (Aramco) (2222.SE) and TotalEnergies (TTEF.PA) have signed an $11 billion contract to start building a new petrochemicals complex in Saudi Arabia,...
Stocks see worst week of 2023 as growth outlook darkens
Asian stocks slumped toward their worst week of the year on Friday, oil fell and the U.S. dollar surged as a string...
Biden, Modi hail new era for US-India ties and tout deals
U.S. President Joe Biden and Narendra Modi hailed a new era in their countries' relationship after the White House rolled out the...
Brexit an ‘economic disaster’ for UK and German trade – DIHK
Brexit has been an "economic disaster" for trade and investment ties between the United Kingdom and Germany, leading to a fall in...
Exclusive: US to ease visas for skilled Indian workers as Modi visits
The Biden administration will make it easier for Indians to live and work in the United States, using this week's state visit...
Tesla’s Musk eyes significant India investments after meeting Modi
Tesla (TSLA.O) chief executive Elon Musk said India's Prime Minister Narendra Modi was pushing the car maker to make a "significant investment" in...
UK net debt passes 100% of GDP for first time since 1961
Britain's public sector net debt surpassed 100% of gross domestic product in May as borrowing came in higher than expected, the Office...
Paris air show: India centre stage as another big jet deal looms
India was set to dominate the Paris Airshow for a second day on Tuesday, with Air India expected to finalise a whopping...
Alibaba CEO and Chairman Zhang to step down to focus on cloud business
Alibaba Group (9988.HK) on Tuesday said its CEO and chairman Daniel Zhang will step down from the roles to focus on its cloud...