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Fitch warns of high risk Sri Lanka may default on local currency bonds

Fitch Ratings's 'CCC' rating on long-term local currency debt that was affirmed in May "reflects a high risk that local-currency debt will be included in debt restructuring

California calls grid emergency with power use at 5-yr high amid heat wave

California declared a power grid emergency as a blistering and sustained heat wave threatens to push the state's electricity system to its limit

Gautam Adani is searching for new group M&A chief, says report

Vinod Bahety, who's been helming Adani Enterprises Ltd.'s M&A activity, will move to a new business vertical and a formal announcement could come as soon as this month

OPEC-plus agrees to make token supply cut for Oct to steady oil market

The group will reduce production by 100,000 barrels a day next month, taking supplies back to August levels, it said in a statement

Adani Group cites reduced debt load to rebut overleveraged view

Using figures that differed from those cited by CreditSights in the report last month, the conglomerate said the leverage ratios of its companies 'continue to be healthy'

China cuts forex reserve requirement ratio in bid to support tumbling yuan

Financial institutions will need to hold 6% of their foreign-currency deposits in reserves starting from Sept. 15, the PBOC said in a statement on Monday-- lower than the current level of 8%

World's deadliest roads in focus after Cyrus Mistry's fatal crash

Prior to the pandemic, there was one deadly road crash in India every four minutes, equal to 11% of all crash-related deaths globally

World's first coronavirus vaccine you can inhale approved in China

China's National Medical Products Administration approved CanSino's Ad5-nCoV for emergency use as a booster vaccine

As India makes headway in exports to the US, can it be the next China?

Sea-borne shipments of festival goods and accessories to America touched $20 million last month, almost triple the value from the year-ago period

Chileans reject new constitution in blow to leftist leader Gabriel Boric

With 99% of the ballots counted, 62% voted against the proposed charter drawn up over the past year by a popularly-elected convention, compared with just 38% for its approval

Saudi Arabia's central bank hires crypto chief to boost digital ambitions

Saudi Arabia has until now taken a more cautious approach on virtual assets, with officials raising concerns about their speculative nature.

Traders find haven from global stock gloom in Southeast Asian markets

The growing bullish chorus points to a reopening of Southeast Asia that's bringing back a swarm of tourists, as well as booming domestic demand that's helping shield it from a global slump

Putin's resistance to Russia's imperial decline and fall will prove futile

Today, Putin enjoys popularity at home based on the success of Russian arms in Chechnya, Georgia, Crimea and the Donbas

Gazprom postpones reopening of key gas pipeline Nord Stream to Europe

It's a massive blow to Europe, which is scrambling to cut its dependency on Russian gas before winter and has been waiting for Moscow's next steps in the energy war

OPEC+ faces output dilemma amid concerns of a global economic slowdown

Recent gyrations, including a drop of more than 20% in Brent crude since early June, have prompted Riyadh to say an output cut could be necessary

Twitter asks for Musk to turn over texts from first six months of 2022

The social-media company submitted the public proposed order in a Friday court filing in Delaware attached to a sealed request for sanctions against Musk and his lawyers

Tennis star Serena Williams forever changed how brands see female athletes

Williams lost to Australia's Ajla Tomljanovic in three sets at Arthur Ashe Stadium in New York on Friday

What the FBI found at Donald Trump's Mar-a-Lago estate, by the numbers

Taken together, the government's court filings since the Aug. 8 search show that the FBI and other federal officials have retrieved 325 documents with classified markings from Mar-a-Lago

60% of British factories at risk of going under as energy bills soar

MakeUK, the lobby group for UK factories, said that nearly half of manufacturers have experienced a jump in electricity bills of more than 100% in the past year

From iPhone maker to VW, China factories enter bubbles over Covid outbreak

The German automaker's factory, jointly operated with its local partner China FAW Group Co., entered a so-called "closed loop system" Thursday evening to maintain production