The Asia Pacific Loan Market Association (APLMA) found that 54% of its members were expected to take until 2023 to remove references to Libor from their existing loans

The cabinet, including five women, immediately set to work cementing relations with China as it battles a downwards economic spiral

Maha Prasad Adhikari was suspended on April 8 as governor of the central Nepal Rastra Bank by the government, which named his deputy the interim chief

The debt-laden island nation is hoping the IMF can come up with a quick rescue package after its neighbour India lobbied Fund on its behalf

Crisis-hit Sri Lanka has halted all its foreign debt payments so it can use its shrinking hard currency reserves to buy food and fuel

Sri Lanka, hit by its worst economic crisis since independence, has been asking friendly nations including India and China for credit lines, food and energy

Global policymakers have moved quickly to prevent soaring inflation from derailing a fragile world economic recovery

Fitch Ratings said has downgraded Sri Lanka's long-term foreign-currency issuer default rating, reflecting its view that a sovereign default process has begun

Asian restaurants and street food hawkers like Ma's face the tough choice of taking the hit from higher costs or passing them on and risk losing loyal customers

Saddled with a huge foreign exchange crisis, Sri Lanka on Tuesday suspended servicing external public debt pending the completion of its IMF discussions

Sri Lanka, whose reserves have dipped by two-thirds in two years, says it needs to come to an agreement with creditors and secure an IMF loan

Sri Lanka’s foreign exchange reserves have plummeted to $1.93 billion and debt payments several times that amount are looming. Learn...