US government shutdown could cost travel sector $1 billion per week, disrupt holiday travel

WASHINGTON (Reuters) – A partial government shutdown could cost the U.S. travel industry $1 billion per week and lead to widespread disruptions for travelers, a trade group representing airlines, hotels and other travel companies said Friday. “A prolonged government shutdown threatens holiday travel disruptions that Americans won’t tolerate,” said U.S. Travel Association CEO Geoff Freeman….

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Fitch raises Sri Lanka rating after creditor nod to $12.55 billion debt overhaul

(Reuters) – Credit ratings agency Fitch on Friday upgraded Sri Lanka’s long-term foreign-currency default rating to ‘CCC+’ from ‘restricted default’ (RD) following approval by creditors of the country’s $12.55 billion debt overhaul earlier this week. The island nation’s bondholders overwhelmingly signed off on the government’s proposal to restructure international bonds, a much-needed step in its…

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US finalizes up to $6.35 billion in chips awards for Samsung Electronics, Texas Instruments

By David Shepardson WASHINGTON (Reuters) -The U.S. Commerce Department said on Friday it was finalizing an award of up to $4.745 billion to South Korea’s Samsung Electronics and up to $1.61 billion for Texas Instruments to expand chips production. The Samsung award is about $1.7 billion smaller than the preliminary award announced in April of…

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