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Sri Lanka must show IMF debt plan for aid

  Bloomberg When Sri Lankan officials arrive in Washington to meet with the International Monetary Fund (IMF) amid an economic and political crisis, the main question they’ll need to answer is how the country plans to manage its billions in debt. Sri Lanka is seeking up to $4 billion this year to help it import essentials and pay creditors. To ...

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Hong Kong confirms Lee as sole chief executive candidate

  Bloomberg The Hong Kong government confirmed that John Lee was only candidate nominated for chief executive, clearing the way for him to take power after an uncontested leadership election next month. Lee, 64, a former chief secretary for administration and police official, received 786 valid nominations from the roughly 1,500-member Election Committee that picks the city’s leader, the government ...

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US factory output rises more than forecast in broad advance

Bloomberg US factory production rose in March by more than forecast, marking the third straight month of gains that show steady progress for manufacturers against a backdrop of gradually improving supply chains. The 0.9% increase followed a 1.2% gain in February, Federal Reserve data showed. Total industrial production, which also includes mining and utility output, also rose 0.9% during the ...

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