Web Stories Sunday, December 22

Credit ratings agency Fitch on Friday upgraded Sri Lanka’s long-term foreign-currency default rating to ‘CCC+’ from ‘restricted default’ (RD) following approval by creditors of the country’s $12.55 billion debt overhaul earlier this week.The island nation’s bondholders overwhelmingly signed off on the government’s proposal to restructure international bonds, a much-needed step in its path to steadily recover from its worst financial crisis in decades.”Sri Lanka has normalised relations with a majority of creditors,” Fitch said, as…

Singapore

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WASHINGTON: Republican hardliners who normally are ardent supporters of President-elect Donald Trump are resisting his push to raise the US debt ceiling, sticking to their belief that government spending needs to be pruned and defying his warnings of revenge. Some 38 House of Representatives Republicans voted against a debt ceiling…

Business

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Lifestyle

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