Bloomberg Business

Sri Lanka Nears IMF Bailout as India Said to Back Debt Plan

Sri Lanka’s debt negotiations with China and India “are successful,” according to President Ranil Wickremesinghe, bringing the bankrupt nation closer to clearing a major hurdle to unlock $2.9 billion from the International Monetary Fund.

Pitching Picasso to the Masses: Artex Plans Exchange for Artwork

A Liechtenstein prince and a team of investment bankers are rolling out a marketplace for trading shares of art works, betting investors will embrace paintings as an asset class even if they’ll never be able to hang a masterpiece in their living room.

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