Sri Lanka’s deepening economic ties with China offer it a cushion from any measures aimed at pressuring the South Asian country into cooperating with investigations into alleged crimes during its civil war.
Sri Lanka’s central bank cut one key interest rate while holding another after inflation eased to the lowest level in about two years, ignoring advice from the International Monetary Fund to hold off on further easing.
Sri Lanka unexpectedly cut interest rates to protect economic growth from the risk of a U.S. default, as time runs short for Congress to agree on raising the debt ceiling to pay back the world’s benchmark bonds.
Sri Lanka’s central bank governor hailed the island nation’s ability to contain inflation and keep the currency stable as he sought to convince investors its economy is avoiding the pitfalls affecting neighboring India.
ViaSat Inc., the California satellite-service provider, and Lions Gate Entertainment Inc., a unit of the biggest independent movie studio, join borrowers seeking to sell at least $8 billion of debt following the busiest day of dollar-denominated corporate bond sales in two weeks.