Bloomberg Sri Lanka aims to bolster its currency reserves and finances through a sprawling plan that includes boosting export earnings repatriation and tax reforms, as well as outside funding, currency swaps and possibly repurchasing or renegotiating debt, its central bank chief said. Ajith Nivard Cabraal, the central bank of Sri Lanka’s newly appointed governor, said the country aims to provide …

Bloomberg A Bank of England (BOE) rate hike looks likely this year if UK supply problems don’t ease and inflation pressures aren’t tempered by the end of government job support. That’s according to Allan Monks, an economist at JPMorgan Chase & Co., who said in a note to clients that while the Monetary Policy Committee would prefer to delay a …

Bloomberg For the world’s leading Covid-19 vaccine makers, news that Merck & Co’s experimental pill cuts the risk of hospitalisation and death in half was the latest blow in a very bad week. Stocks including Moderna Inc and BioNTech SE have shed about $84 billion in combined value this week in the aftermath of a stock market slump that sent …