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Sri Lanka to repay $1bn bond, ending default threat

Bloomberg Sri Lanka plans to repay a $1 billion bond by the Tuesday deadline, keeping intact its reputation for honouring debt as concern mounts about the nation’s overseas financing. Authorities will transfer the required funds on Monday, Ajith Nivard Cabraal, the state minister for money and capital markets, said. Moody’s Investors Service placed Sri Lanka’s ratings under review for a ...

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Astra mulls vaccine imports to SE Asia as Thai supply hit

Bloomberg AstraZeneca Plc is planning to import Covid-19 vaccines to Southeast Asia as its only manufacturing facility in the region struggles to ramp up output to meet demand from countries hit hard by the delta variant. The Anglo-Swedish drugmaker is scouring more than 20 supply chains in its global manufacturing network to find additional vaccines for Southeast Asia, including Thailand, ...

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Tesla’s India plant ‘quite likely’: Musk

Bloomberg A Tesla Inc factory to produce cars in India is “quite likely” if the electric automaker can first begin sales with imported vehicles, according to Elon Musk. The California-based car producer is currently lobbying for lower taxes on imports as it considers plans to expand into India, one of the world’s biggest emerging car markets, people with knowledge of ...

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