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Explainer-Sri Lanka’s reluctance to tap IMF helped push it into an economic abyss

Explainer-Sri Lanka’s reluctance to tap IMF helped push it into an economic abyss

© Reuters. FILE PHOTO: Demonstrators apply a sticker on a passing car during a protest against Sri Lankan President Gotabaya Rajapaksa, near the Presidential Secretariat, amid the country’s economic crisis, in Colombo, Sri Lanka, April 16, 2022. REUTERS/Navesh Chitr By Devjyot Ghoshal and Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s worst economic crisis has triggered…

China’s Q1 GDP beats forecast, but March activity heightens risks to outlook

China’s Q1 GDP beats forecast, but March activity heightens risks to outlook

© Reuters. FILE PHOTO: A construction site is pictured in Beijing, China April 14, 2022. Picture taken April 14, 2022. REUTERS/Tingshu Wang By Kevin Yao and Stella Qiu BEIJING (Reuters) -China’s economy slowed in March as consumption, real estate and exports were hit hard, taking the shine off faster-than-expected first-quarter growth numbers and worsening an…

Ukraine’s prime minister, finance officials to visit Washington next week

Ukraine’s prime minister, finance officials to visit Washington next week

© Reuters. FILE PHOTO: Ukrainian Prime Minister and head of the country’s delegation Denys Shmyhal attends a joint news conference after an EU-Ukraine Association Council meeting in Brussels, Belgium February 11, 2021. Francois Walschaerts/Pool via REUTERS By Andrea Shalal WASHINGTON (Reuters) – Ukrainian Prime Minister Denys Shmyhal and top Ukrainian finance officials will visit Washington…

Biden to nominate former Treasury official Barr for Fed top regulatory job

Biden to nominate former Treasury official Barr for Fed top regulatory job

© Reuters. FILE PHOTO: An eagle tops the U.S. Federal Reserve building’s facade in Washington, July 31, 2013. REUTERS/Jonathan Ernst/ By Andrea Shalal WASHINGTON (Reuters) -President Joe Biden on Friday said he would nominate former Treasury official Michael Barr to be the U.S. Federal Reserve’s top regulatory official, replacing Sarah Bloom Raskin, who withdrew in…