The Export-Import Bank of China has told Sri Lanka it will try to finalise in the months ahead how it treats debt owed by the crisis-hit nation, according to a letter seen by Reuters which also reiterated a moratorium for debt due in 2022 and 2023.
Sri Lanka looks set to get a sign-off on a long-awaited $2.9 billion four-year bailout from the International Monetary Fund (IMF) on March 20 after the crisis-hit country secured new financing support from China.
Canadian stock futures rose on Wednesday as precious metals gained, with investors awaiting the Bank of Canada's (BoC) interest rate decision later in the day.
The National Highway Traffic Safety Administration (NHTSA) said Wednesday it is opening a preliminary investigation into 120,000 2023 Model Y after two reports of steering wheels completely detaching while driving.
Barclays cut its 2023 oil price forecasts on Wednesday, due in part to more resilient output from Russia than expected, and said the market could flip into a deficit in the second half of the year due to growing demand in China.
The percentage of women holding senior positions at European hedge funds has more than halved since 2021, according to a report on Wednesday by data provider Preqin.
Campbell Soup Co raised its annual sales forecast on Wednesday, betting on higher prices, improved supply and strong demand for its packaged meals and snacks.
Stocks fell, the dollar hit multi-month highs and U.S. and German short-term bond yields were parked at their highest levels since at least 2008 as Federal Reserve chair Jerome Powell put big rate hikes back on the table to tame inflation.
The Czech cyber security watchdog warned on Wednesday against using TikTok, joining a growing number of Western agencies alleging the Chinese-owned social media app poses a security risk.
