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South Asia

Fitch downgrades Sri Lanka on rising default risk
South Asia

Fitch downgrades Sri Lanka on rising default risk

  • Sri Lanka relies on tourism and garment exports for foreign exchange reserves. It's been hit hard by the pandemic.
  • We think there are now increasing risks to Sri Lanka's ability to meet its external debt repayments.
Published 28 Nov, 2020 12:25am
China's Xi congratulates Biden on US election victory
South Asia

China's Xi congratulates Biden on US election victory

  • Sino-US relations have deteriorated to their worst in decades during incumbent US President's Donald Trump's four years in office.
  • During the election campaign, Biden vowed a tough line on China's expanding influence worldwide and referred to Xi more than once as a "thug" for his human rights practices.
Published 26 Nov, 2020 12:45am