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(Bloomberg) -- Sri Lanka must come up with a plan to narrow its budget deficit as the top Asian issuer of sovereign dollar debt after China this year prepares to sell $3 billion of bonds annually.The island-nation, which elected Gotabhaya Rajapaksa as its president last week, has to raise debt commercially to service earlier borrowings, Central Bank Senior Deputy Governor Nandalal Weerasinghe said.“We need to have clear government policies that are aimed at maintaining access to capital markets,” Weerasinghe said in an interview in his office overlooking the Colombo port. “The rating agencies should see this as a viable proposition and a sustainable plan.”Sri Lanka’s budget gap is set to widen to the most in four years after terror attacks in April robbed the nation of tourism revenue that fuels 5% of the economy. The setback came on top of a cut in the nation’s rating deeper into junk by Moody’s...
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to......
Weather during harvest season in the U.S. Red River Valley, a fertile sugar beet region in Minnesota and North Dakota, has to farmers felt like a series of plagues. Next came a deep freeze, ruining the underground sugar beet crop, and dealing a harsh blow to farm incomes. "I can take a couple of perils from Mother Nature and after that I’m on my knees," said Dan Younggren, 59, who was unable to harvest 500 acres (200 hectares) of sugar beets, or 40% of his plantings near Hallock, Minnesota....
If you own shares in Nokian Renkaat Oyj (HEL:TYRES) then it's worth thinking about how it contributes to the......
Electronics are some of the hottest items shoppers hunt for over the holiday season. Here's how to find the best deal on a TV on Black Friday....
New home sales in October were the best since 2007, and building permits rose the most in 12 years....
(Bloomberg) -- It has never been this calm in the euro-dollar options market and it’s starting to look like a structural shift toward persistent low volatility.There were record lows for one- and three-month volatility in the common currency Wednesday, following similar moves in longer tenors at previous sessions. While the expected calm of Christmas holidays may explain the move over the one-month horizon, the trend runs further out and may be becoming the new norm.The main risk ahead is arguably the U.K. December election, yet demand for protection against price swings created by a market-adverse outcome may be confined to pound crosses only, just as happened with Brexit talks. Globally, fatigue over trade-related headlines may keep ranges tight, even if current optimism over the progress in U.S.-China talks wanes. And data out of the euro area suggest the worst may be behind for the region’s economy.Explanations vary as to why investors...
