Bank of England Governor Andrew Bailey urged the European Union on Wednesday not to pick a fight with Britain over its huge financial services industry after Brexit, and said the bloc was demanding more of London than of other trade partners.
By Reuters Staff
2 Min Read
Feb 10 (Reuters) - Sri Lankan shares closed down for a third consecutive session on Wednesday, with consumer staples and industrial stocks accounting for more than half the losses on the bourse. The benchmark stock index closed down 2.9% at 7,732.43. It has fallen 3.8% in the past week. The Sri Lankan rupee was last quoted at 196.5 against the U.S. dollar by 1110 GMT, 0.77% lower for the day compared to last session’s close of 195, according to Refinitiv data. On Tuesday, Sri Lanka’s government bonds tumbled as warnings that the country was at increasing risk of default continued to mount after a turbulent couple of weeks for Colombo.
Argentina state energy company YPF expects to win high take-up from creditors in a bond restructuring of its 2021 notes, on which it faces a $413 million payment next month, which would clear at least its short-term default risk.