Sri Lanka inflation to reach 5% target during Q3-Q4: Central bank official

Feb 21, 2024

The island nation defaulted on its overseas debt in May 2022 after depleted foreign exchange reserves triggered the worst financial crisis since its Independence.

Credit defaults in Asia rose in 2019 while ratings remained indicators of relative risk: S&P

Oct 14, 2020

Singapore, October 14 : A total of 10 companies rated by S&P Global Ratings including seven confidential issuers defaulted in Asia last year, up...

Sri Lanka's Central bank says country's banking system stable

Mar 24, 2022

Colombo [Sri Lanka], March 24 : Sri Lanka's central bank on Thursday said that the island nation's banking system is stable after speculations that...

Will govt prosecute 2,426 companies that owe crores to banks, asks Rahul Gandhi

Jul 19, 2020

New Delhi [India], July 19 : Congress leader Rahul Gandhi on Sunday questioned whether the Union government will prosecute the 2,426 companies that have...

Defaults in Asia fall, ratings remain effective indicators of credit risk: S&P

Jun 23, 2021

Singapore, June 23 : Nine companies rated by S&P Global Ratings including two confidential issuers defaulted in Asia last year, accounting for 1.7 per...

India is most favoured nation for investment, with growth safety and stable currency: Piyush Goyal

Jul 20, 2024

Invoking the Indian business community to invest in India, Union Minister for Commerce and Industry Piyush Goyal said that since India has never defaulted...