Sri Lanka is renegotiating terms of a yuan deal with China worth $1.5bn, as the country will need $5bn to fund essential imports over the next six months to ensure basic living standards, PM says

Taking into account access to different Bain pools of capital, the second fund means Bain now has $5 billion of capital to invest in the region

Despite a moribund British economy and heavy corporate tax, Indian-owned tech firms are growing in the UK.

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

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