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Eurozone rescue fund proves headache for Italy PM
Eurozone rescue fund proves headache for Italy PM
Business and Economy
by  AFP

Italian Prime Minister Giorgia Meloni has softened her once strident anti-EU views but the ratification of a reform to the eurozone's bailout fund has left her in a quandary. Her main coalition partner, Matteo Salvini of the anti-immigration League party, is more overtly critical of the EU and is particularly opposed to the eurozone bailout fund.

Sri Lanka offers 30% haircut to bond holders: central bank
Sri Lanka offers 30% haircut to bond holders: central bank
Business and Economy
by  AFP

Sri Lanka's central bank on Thursday unveiled its domestic debt restructuring plan, envisaging a 30 percent haircut on dollar-denominated bonds, including international sovereign bonds. The treatment of dollar-denominated Sri Lanka Development Bonds (SLDB) will be "comparable to external creditors", the bank said in a statement.

Most markets rise as traders weigh central bank rate plans
Most markets rise as traders weigh central bank rate plans
Business and Economy
by  AFP

Most markets rose in Asia on Thursday, building on the previous day's advances, even after central bank chiefs warned that interest rates would rise further to counter persistent inflation. His comments came after European Central Bank chief Christine Lagarde said eurozone borrowing costs would continue to rise.