Showing 1 - 10 of 54
India and UAE to develop Sri Lanka energy hub
Reuters, Published on 05/04/2025
» COLOMBO - India and the United Arab Emirates have agreed to develop an energy hub in Sri Lanka, the Indian foreign ministry said on Saturday, as New Delhi’s competition with China grows in the Indian Ocean island nation.
Leftists sweep Sri Lankan parliamentary poll
Reuters and Kyodo News, Published on 15/11/2024
» COLOMBO - The sweeping election win by the coalition of Sri Lankan President Anura Kumara Dissanayake has underlined widening support for his leftist policies, but he faces the test of steering the recovery from a financial crisis with an inexperienced set of lawmakers.
Rajapaksa scion running for president of Sri Lanka
Bloomberg and Reuters, Published on 07/08/2024
» COLOMBIA - A scion of the powerful Rajapaksa clan is running for the presidency of Sri Lanka in elections next month, more than two years after his populist uncle had to flee the country and resign amid an economic crisis.
Country Garden denies founder, chairwoman have fled China
AFP, Published on 19/10/2023
» BEIJING - Chinese property giant Country Garden denied Thursday its founder and chairwoman had fled the country, as the debt-saddled builder flirts with a default that could send shockwaves through the industry.
China's Country Garden says might not meet all debt obligations
AFP, Published on 10/10/2023
» BEIJING - Debt-saddled Chinese property giant Country Garden said on Tuesday that it did not expect to meet all of its offshore payment obligations in time as it edges towards a potential default.
China finance giant’s missed payments alarm regulators, markets
Bloomberg News, Published on 14/08/2023
» NEW YORK - One of China’s largest private wealth managers has triggered fresh anxiety about the health of the country’s shadow banking industry after missing payments on multiple high-yield investment products.
Sri Lanka unveils debt restructuring plan
AFP, Published on 29/06/2023
» COLOMBO: Sri Lanka's central bank on Thursday unveiled a far-reaching domestic debt restructuring plan aimed at restoring stability after an economic and political crisis last year that led to the toppling of then-president Gotabaya Rajapaksa.
Climate finance summit wraps up eyeing bigger progress
AFP, Published on 23/06/2023
» PARIS - A global summit seeking to overhaul the international financial system wraps up Friday after taking small steps towards easing the debt burden of developing nations weighed down by climate and economic crises.
Biden, Republicans meet for debt showdown as default looms
AFP, Published on 17/05/2023
» WASHINGTON - Joe Biden and Republican leaders readied for high-stakes talks Tuesday to avert a catastrophic debt default, as the White House said the president may cut short an upcoming Asia tour to tackle the crisis.
Biden and McCarthy to reconvene Tuesday for debt limit talks
AFP, Published on 16/05/2023
» WASHINGTON - President Joe Biden will reconvene crunch debt talks Tuesday with senior Republican leaders including House Speaker Kevin McCarthy in another attempt to avert a costly US default.