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Sri Lanka debt advisers may take weeks to hire as economic crisis worsens

Sri Lanka is seeking as much as $4 billion this year to help ease shortages of food, fuel and medicines as its foreign reserves dry up and it heads for a default on its international debt

Positive US real yields may rip up global markets playbook

These are some of the investor expectations now that bond markets have taken another step toward pre-pandemic normality, with benchmark inflation-adjusted Treasury yields climbing above zero.

Power outage risk increases as severe heat spurs coal demand

The hottest March in more than a century has heralded an early start to summer, increasing power consumption by air conditioners and refrigerators.

KKR-led consortium bids $15 billion for Ramsay Health Care

Investors led by the US private equity firm bid A$88 for each Ramsay share, the Sydney-based company said on Wednesday.

Coinbase unveils NFT marketplace with an eye on growth, revival

A trial version of its long-awaited platform - designed to sell ownership of digital art and possibly other items - was unveiled on Wednesday

International Monetary Fund, World Bank chiefs raise global debt alarm

World Bank President Malpass called for a new process for restructuring debt burdens for developing nations amid concerns about a lack of transparency over how much they owe to China

India to seek UK trade pact, easier worker visas during Johnson's visit

The British prime minister's trip comes just weeks after Foreign Secretary Liz Truss visited New Delhi in a bid to convince the Modi government to condemn Russia's invasion of Ukraine

Saudi food startup raises $ 170 mn from Sequoia Capital India, others

The company is also looking at potentially acquiring rivals to help it grow and will expand into fintech after receiving a license from the Saudi central bank

India doubles down on every major Russian oil variety as flows persist

India has a longstanding relationship with Russia that includes weapons buying, and purchasing of oil adds to the Kremlin's coffers while it tackles financial sanctions

Elon Musk tweets another hint of Twitter tender offer, sparks speculation

Musk had earlier posted a tweet with "Love Me Tender," bracketed by musical notes

Grades will matter: UK study finds men with good grades better off

A UK based study shows students from non-elite educational institutions have a lesser chance of getting high-salary jobs. Students with poor grades can also result in poor earnings, says the study.

First protest death boosts calls to oust Sri Lanka President Rajapaksa

Sri Lanka's economic crisis -- the worst since it gained independence more than 70 years ago -- has brought angry citizens to the streets demanding the ouster of the Rajapaksa family

Bureaucracy is bogging down bankruptcy deal, says CJI N V Ramana

The top court gave another week to the government's lawyer to sort out the differences between the Enforcement Directorate and corporate affairs ministry.

Zilingo board discusses replacing CEO Ankiti Bose after suspension

The board has not yet decided who will replace Bose, though one option discussed is to appoint interim leadership, possibly including senior executives and investors, people familiar with matter said

Blackstone adds to bet on US student housing with $13-bn deal

The all-cash transaction is the largest student-housing deal by the Blackstone Real Estate Income Trust.

Amazon, Reliance, Sony vying for IPL broadcast rights: Report

The auction will allow the winner or winners to globally telecast matches of India's top cricket league between 2023 and 2027 via live streaming and TV broadcast

Crisis-hit Sri Lanka seeks emergency financial assistance from IMF

Sri Lanka is seeking up to $4 billion this year to tide over problems and pay creditors amid dwindling foreign reserves and Asia's fastest inflation

European Union expects to pay bulk of Ukraine's reconstruction costs

The topics of post-war reconstruction and possible war reparations are expected to garner attention over the next weeks

Rupee slips for third session in a row; oil near $113 a barrel

The rupee also weakened as hawkish Fed officials and dovish ECB continued to push the bond yields higher.

China's GDP growth tops forecasts in first quarter; analysts sceptical

The better-than-expected economic data prompted questions from analysts who pointed to inconsistencies with alternative statistics that paint a grimmer picture