Bloomberg Sri Lanka cut interest rates for a second time this year, a day after Indonesia did the same, as central banks in the region move to cushion their economies against a global slowdown and trade tensions. The Central Bank of Sri Lanka lowered its benchmark standing lending facility rate to 8% from 8.5%, in line with the forecasts of ...

Bloomberg The timing looked terrible. As the busiest travel weekend loomed and budget-minded Brits prepared for a quick holiday, UK pilots for Ryanair Holdings Plc called a strike, threatening ugly scenes at airports around the country. The chaos never happened. All of the discount carrier’s flights operated as scheduled, with minor delays from congestion, the airline said. In the end, ...

Bloomberg Rakesh Gangwal, the billionaire co-founder of Indian budget airline IndiGo, will support company proposals at a shareholder meeting next week to expand its board after an agreement on policy changes, months after he accused his fellow co-founder of corporate-governance lapses. The board of IndiGo, Asia’s biggest budget airline by market value, has approved a new related-party transaction policy, Gangwal ...