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Thailand, Sri Lanka to sign trade agreement in February

Reuters, Published on 21/11/2023

» COLOMBO - Sri Lanka plans to conclude free trade agreement (FTA) talks with Thailand in December and sign a deal on Feb 3, Sri Lanka's cabinet spokesperson said on Tuesday.

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GENERAL

Sugar shortfall view raised to 2.4m tonnes

Reuters, Published on 14/11/2023

» NEW YORK - Global sugar production will fall short by 2.4 million metric tonnes of the expected consumption in the 2023/24 crop year that started in October, said consultancy CovrigAnalytics in a report on Monday, raising its supply deficit estimate by 200,000 tonnes.

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GENERAL

Baht depreciates further; other Asian FX steady

Reuters, Published on 28/09/2023

» BENGALURU - Thailand's baht slumped to its lowest in more than 10 months on Thursday, hit by persistent worries over the country's fiscal outlook, while other Asian currencies steadied after recent losses against a rallying United States dollar.

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Investment bank Credit Suisse sacking most Hong Kong staff

Reuters, Published on 07/08/2023

» HONG KONG - Around 80% of Hong Kong-based investment banking staff at Credit Suisse will be made redundant starting this week, two people with knowledge of the matter said, as part of the bank's integration with UBS Group.