Fitch raises Sri Lanka rating after creditor nod to $12.55 billion debt overhaul
(Reuters) – Credit ratings agency Fitch on Friday upgraded Sri Lanka’s long-term foreign-currency default rating to ‘CCC+’ from ‘restricted default’ (RD) following approval by creditors of the country’s $12.55 billion debt overhaul earlier this week. The island nation’s bondholders overwhelmingly…
Explainer-What options does PM Trudeau face in Canada’s leadership crisis?
By David Ljunggren OTTAWA (Reuters) – The head of a Canadian political party that has been keeping Prime Minister Justin Trudeau in power said on Friday he would vote in favor of a motion of no-confidence, effectively assuring the Liberals…
US government shutdown showdown creates another investor worry
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The messy process of trying to avert a U.S. government shutdown offers investors a glimpse into challenges the incoming Trump administration will face in implementing its agenda, adding a market concern for…
Venture Global applies to list on NYSE
(Reuters) -Venture Global has applied to list its Class A common stock on NYSE under the symbol “VG”, according to a company filing on Friday. The LNG company said Goldman Sachs & Co (NYSE:GS)., J.P. Morgan, BofA Securities, ING, RBC…
Exclusive-Fed’s Barr seeks legal advice amid speculation Trump might remove him, sources say
By Pete Schroeder WASHINGTON (Reuters) -Federal Reserve Vice Chair for Supervision Michael Barr has sought legal advice to explore his options against any attempts by President-elect Donald Trump to remove him, sources said, the latest sign that a conflict might…
US government shutdown could cost travel sector $1 billion per week, disrupt holiday travel
By David Shepardson WASHINGTON (Reuters) – A partial government shutdown could cost the U.S. travel industry $1 billion per week and lead to widespread disruptions for travelers, a trade group representing airlines, hotels and other travel companies said on Friday….