Sri Lanka announced a restructuring plan for its massive domestic debt on Thursday to meet targets set by the International Monetary Fund (IMF) and aim to turn around its economy, which has been hammered by a financial crisis.
The number of German firms pushed into insolvency rose in the first half of this year at the fastest pace in more than two decades due to the energy crisis, inflation and rising interest rates, a study by credit agency Creditreform showed on Thursday.
Bank of Japan Deputy Governor Ryozo Himino said the country's banking sector remains sound and has sufficient buffers to weather any strain caused by a future rise in interest rates.