Sri Lanka’s main financial regulator Tuesday ordered local and foreign banks to slash lending rates in an unprecedented move as the economy struggled to recover from the Easter attacks.

With one eye on flagging demand, businesses in India are likely to bank the government’s $20.4 billion corporate tax windfall rather than unleash the investments that Prime Minister Narendra Modi hopes will create millions of jobs and revive the economy.

Top Indian automaker Maruti Suzuki said on Wednesday it lowered prices of some cars, making it one of the first major companies to respond to the government’s move to cut corporate taxes in a bid to revive economic growth.

Washington’s policy of applying “maximum pressure” on Iran with wide-ranging sanctions has shredded the country’s oil revenues, sent its economy into recession and devalued its national currency.

Bitcoin struggled on Wednesday to recover from the three-month lows it reached a day earlier, moves that traders blamed on a lukewarm reception for a futures product from the owner of the New York Stock Exchange.

Germany should ditch its policy of not taking on new debt in light of zero borrowing costs and huge investment needs, the head of the powerful BDI industry association said on Wednesday, raising the pressure on Berlin to rethink its budget priorities.

THOMAS Cook’s German tour business filed for insolvency on Wednesday in a move aimed at separating its brands and operations from its failed parent, and said it was in talks with potential new investors.

ESCALATING trade tensions between the United States and China have darkened the outlook for developing Asia, with the region expected to grow slower than previously predicted this year and next, the Asian Development Bank said on Wednesday.

SAUDI Arabia is unlikely to list its state-owned oil giant Aramco this year after attacks this month on its facilities, two sources with direct knowledge of the company’s thinking said.

CHINA’S economic growth will ease further next year due to slowing exports and US trade tensions, the Asian Development Bank warned Wednesday as it revised downwards its GDP predictions.

Oil prices fell for a second day on Wednesday on worries that fuel demand could fall after US President Donald Trump doused recent optimism over China-US trade talks at a time of rising US crude oil stockpiles.

ASIAN LNG prices will likely be at their lowest, seasonally, in a decade by the end of the year as rapidly rising production outstrips feeble demand, weighed down by a global economic slowdown and the US-China trade war, traders said.

THOMAS Cook, the world’s oldest travel firm, collapsed on Monday, stranding hundreds of thousands of holidaymakers around the globe and sparking the largest peacetime repatriation effort in British history.

Lawyers for Huawei Chief Financial Officer Meng Wanzhou will be in a Canadian courtroom on Monday to press for details surrounding her arrest at Vancouver’s airport nearly 10 months ago.

Gold rose to a more than one-week high on Monday as weaker-than-expected economic data from Europe heightened fears of a slowdown in global growth, while palladium continued its record run driven by short supply of the auto-catalyst metal.

Online banks, such as Ally Financial Inc and Capital One Financial Corp, are expected to take a bigger chunk of the overall US deposit market, after racking up $95 billion in customer deposits this year with enticing yields on most savings accounts.

India aims to sell two or three state-owned firms to local or foreign firms to raise up to 600 billion rupees ($8.5 billion) by March 2020, a senior Finance Ministry official said on Monday.

The Federal Reserve will have to delve into the causes of the cash shortage that hit financial markets last week and prompted the central bank to step in, New York Fed President John Williams said Monday.

Brexit and trade war fears drove eurozone business growth to its lowest level in six years in September, a closely watched survey said Monday, warning that the single currency area’s economy was “close to stalling”.

When asked about reports General Motors Co may turn its shuttered Lordstown, Ohio, plant into a battery factory, “Buffalo” Joe Nero snorts and points at the vast complex that until six months ago made the Chevrolet Cruze.