Sri Lanka resumes bailout discussions with IMF, finance ministry says

Drivers push auto rickshaws in a line to buy petrol from a fuel station, amid Sri Lanka’s economic crisis, in Colombo, Sri Lanka, July 29, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Register NEW DELHI, July 29 (Reuters) – Sri Lanka has resumed technical discussions with the International Monetary Fund on … Read more

World Bank has no new financing plans for crisis-hit Sri Lanka

People stand next to their empty cylinders as they wait in a queue to buy domestic cooking gas, amid the country’s economic crisis, in Colombo, Sri Lanka, July 23, 2022. REUTERS/Adnan Abidi Register now for FREE unlimited access to Register July 29 (Reuters) – The World Bank does not plan to offer new financing … Read more

Sri Lanka swears in new president amid worst economic crisis in decades

COLOMBO, July 21 (Reuters) – Veteran politician Ranil Wickremesinghe was sworn in as Sri Lanka’s new president on Thursday, a day after winning a vote in parliament and urging the island nation to come together to find a way out of its worst economic crisis in. decades. The six-time prime minister succeeded Gotabaya Rajapaksa who … Read more

Hungary bridge blockade fails to derail small business tax rise

Parliament fast tracks overhaul of favorable tax regime Orban’s party defies protest, criticism of business groups First major show of disquiet since Orban’s re-election BUDAPEST, July 12 (Reuters) – An hours -long blockade of a bridge in Budapest on Tuesday failed to derail the approval of a motion by Hungarian Prime Minister Viktor Orban’s government … Read more

China’s Henan bank customers face harassment, job loss over protests

SHANGHAI, July 12 (Reuters) – A woman who was injured on Sunday when a protest by roughly 1,000 bank customers in central China was violently broken up by security personnel said she continues to face harassment. Still bearing bruises from kicks to her front and back, the 32-year-old woman surnamed Geng said she was awoken … Read more

Sri Lanka to get new president next week amid political and economic meltdown

Sri Lanka embroiled in worst crisis since independence Parliament to vote for new president on July 20 – speaker President, PM to resign to pave way for unity government Central bank governor says instability could hurt IMF talks Opposition leader says ready to form government COLOMBO, July 11 (Reuters) – Sri Lanka’s parliament will elect … Read more

EXCLUSIVE Sri Lanka chief signals he will stay in job, warns turmoil impedes IMF talks

Nandalal Weerasinghe, newly appointed Governor of the Central Bank of Sri Lanka, speaks during a news conference, amid the country’s economic crisis in Colombo, Sri Lanka, April 8, 2022. REUTERS/Dinuka Liyanawatte Register now for FREE unlimited access to Register COLOMBO, July 11 (Reuters) – Sri Lanka’s central bank governor signaled on Monday he would … Read more