The currency was hovering near 300 per US dollar on Wednesday, down 32% in the year to date and lagging behind even Russia’s rouble

Ukraine conflict has knocked 2.8% off world trade over last two months. And the Kiel Trade Indicator says China trade faces 'stagnation', due to the Covid lockdown in Shanghai

The country's pre-eminent political dynasty is in trouble, as protesters take to the streets making demands unthinkable before the economic crisis struck

The bloc's combined economy is projected to expand 5.2% this year, the ADB said in a report, down slightly from 5.3% forecast in December

The recession is attributed to foreign exchange shortages caused by the clampdown on tourism during the Covid-19 pandemic

Asian equities witnessed steep foreign outflows in March, hit by worries over higher inflation as commodity prices soared due to the Russian invasion of Ukraine

Some 41 Sri Lankan MPs walked out of the ruling coalition on Tuesday, leaving the Rajapaksa government in a minority in parliament as it struggles with the worst economic crisis in decades

Washington-based lender says it expects 2022 growth in developing East Asia and the Pacific, which includes China, to expand 5%, down from its 5.4% forecast in October

Sri Lanka has imposed punishing power outages lasting half a day or more in recent weeks as it runs out of foreign currency to pay for fuel imports

Under-pressure Gotabaya Rajapaksa has sacked the finance minister – his brother Basil – as the economic crisis in the island nation deepens

President Gotabaya Rajapaksa called for a unity government on Monday to deal with the economic crisis, as ministers and the central bank chief offer to resign and stock trading is halted

A foreign currency shortfall has left Gotabaya Rajapaksa's government unable to pay for fuel imports as inflation, and the island’s population, rages