Fitch downgrades Sri Lanka to “restrictive default”

Colombo, May 20 (PTI) New York-based ratings agency Fitch has downgraded debt-ridden Sri Lanka’s sovereign rating to “restricted default” after the country defaulted on making international sovereign bond payments at…

Crisis-hit Sri Lanka announces debt default

Colombo, Apr 12 (PTI) Faced with critically low forex reserves, Sri Lanka on Tuesday announced that the crisis-stricken country will default on its external debt pending a bailout package from…

Russian default no longer ‘improbable’, but no trigger for global financial crisis- IMF

By Andrea Shalal WASHINGTON (Reuters) -Russia may default on its debts in the wake of unprecedented sanctions over its invasion of Ukraine, but that would not trigger a global financial…

Evergrande’s billionaire boss exuded calm as crisis grew

By Clare Jim HONG KONG (Reuters) -Mingling with power brokers at celebrations to mark the centenary of the Chinese Communist Party on July 1, a beaming Hui Ka Yan showed…