Central Bank of Sri Lanka raises its Standing Lending Facility to 15.5% and Standing Deposit Facility Rate to 14.5%, the highest in 21 years

The deal is part of one-year pilot programme to test the new fuel for planes

London-based Nexo said it would buy up to 100% of Vauld and 'reorganize its future operations with the aim to accelerate its deeper presence in Asia'

Negotiations with the International Monetary Fund have got more difficult and complicated because the country is bankrupt, the PM told Parliament on Tuesday

Russia has struggled to make payments on $40 billion of outstanding bonds since its invasion of Ukraine, as sanctions have effectively cut the country off from the global financial system

Stocks were up in Asia on Friday with South Korea enjoying the largest daily jump in 16 months, while tech shares helped lift markets in China, Japan, and Australia

The neighbours are also in talks for additional support, including a $500 million credit line for fuel and help with importing fertiliser and rice, officials said.

Chinese tech shares in Hong Kong rose after President Xi Jinping chaired a meeting that backed support for fintech firms. Alibaba jumped 6.4%, and Chinese automakers also shone.

Putin said Russia was discussing increasing the presence of Chinese cars on the Russian market as well as the opening of Indian supermarket Chains.

The Chinese consortium of banks signed the 15 billion yuan loan facility agreement after it was signed by Pakistan, Finance Minister Miftah Ismail said.

The country of 22 million people is struggling with its worst financial crisis in seven decades, unable to import essentials including food, fuel and medicines

The axing of the proposed Matarbari-2 plant in Bangladesh came in response to international and domestic criticism of Japan's funding of coal-fired power