Tokyo-based machinery maker Ebara is working on a new process to make "turquoise" hydrogen using methane instead of fossil fuels, Nikkei Asia says

Prime Minister Ranil Wickremesinghe, who took office last month, has raised taxes to shore up government revenues and plans to cut expenditure

The IMF stressed the need to end unfunded subsidies, which were costing the cash-strapped country billions per month, in talks with Islamabad that concluded last week

Sri Lanka, battling the worst economic crisis in its history, is turning to Russian oil because it is cheaper, Nikkei Asia reports.

The increased competition has accordingly narrowed the spread with European gas prices, which eased on less concerns over further Russian supply cuts

Markets slid lower in China and India on Wednesday, while stocks in Japan were boosted by a jump in the auto sector, and there were gains in Australia helped by GDP data that topped forecasts

The government announced it would raise fuel prices after an agreement with the IMF that included an end to fuel subsidies, allowing the resumption of aid

Manufacturers slowed activity last month in countries ranging from Japan to Taiwan and Malaysia, surveys showed

Founded in 2013, Opn offers a digital payment system to merchants, enterprises, and financial institutions in Japan and Southeast Asia using blockchain

Ranil Wickremesinghe said a Chinese loan was being finalised even as his government negotiates a multi-billion-dollar International Monetary Fund bailout

Pakistan Foreign Minister Bhutto Zardari said on Wednesday that the country's bailout deal with the IMF is "outdated" given recent global crises

United Overseas Bank was sole global coordinator, and acted with Maybank as mandated lead arrangers and sustainability advisers