Power cuts and fuel shortages drive ASPI to a five and half-month low
Colombo Bourse dropped down for the second day while recording the highest intraday loss in four and half weeks amidst the uncertainties attached to the aggravated power cuts and fuel…
Sri Lanka shares slump amid nationwide power cuts, worsening economic crisis
(Reuters) – Sri Lankan shares plunged nearly 7% on Wednesday as fuel shortage-induced countrywide power outages spooked investors amid the nation’s worst economic crisis in years. The CSE All-Share index…
China’s power crunch dwarfs Evergrande’s troubles in investors’ eyes
(Reuters) – China’s power supply crunch, that has shut factories across the country, may pose a much bigger threat to the economy than the debt crisis at Evergrande Group (3333.HK), prompting…