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...

Chinese stocks suffered their biggest fall in a month as Covid restrictions and inflation worries weighed heavily on investors

The vote followed multiple adjournments called due to lengthy speeches by member's of Khan's party, who said there was a US conspiracy to oust the former cricket star

IMF says it is "very concerned" over crisis as the heavily indebted country has little money left to pay for imports such as fuel, food and, increasingly, medicines

The younger brother of three-time prime minister Nawaz Sharif, Shehbaz, 70, is leading a bid by the opposition in parliament to topple Imran Khan