Pakistan is seeking an $8 billion bailout package, but the United States, which exerts major influence over the fund, has said it should not finance the billions of dollars in loans Pakistan has taken ……
FINANCE
Forget the cold war. US-China rivalry won’t end in triumph for either side
. The two nations’ rivalry, however, is just beginning. But this rivalry may not have a clear winner at the end. Their economies are so intertwined, directly and indirectly through integration with … ( read…
Pakistan’s finance minister quits amid criticism
Pakistan is seeking an $8 billion bailout package, but the United States, which exerts major influence over the fund, has said it should not finance the billions of dollars in loans Pakistan has taken ……
Finance dept.: Provisions in China loan deals ‘standard’ in deals with other states, institutions
For the Chico River project, China International Economic and Trade Arbitration Commission will handle the arbitration, which will take place in Beijing, China. Finance Undersecretary Mark Dennis … ( read original story …)
Chinese businesses in Malaysia watch cautiously as Mahathir, Beijing move ahead on railway
Malaysia’s finance minister, Lim Guan Eng … leverage on improved ties amid the new rail agreement to ink new palm oil deals, particularly since Beijing had offered to buy more palm oil products from ……
China Stimulus Not Good Enough. Beijing Planning Even More.
2019 Stimulus is helping China navigate slowest growth in 30 years The Financial Times – 05:15 AM GMT April 17, 2019 China’s policy stimulus may worsen economic distortions: OECD Reuters – 14:55 PM … (…
China March local govt special bond issuance at $58.4 bln – finance ministry
BEIJING – Chinese local governments issued 391 billion yuan ($58.41 billion) in special bonds in March, up sharply from 171.7 billion yuan in February, the finance ministry said, as Beijing looks to … ( read…
Fintech innovation – an imperative for the success of Canada’s financial sector
To put that in perspective, only two other financial centres globally have grown at a faster rate: Beijing and Shanghai. While our stature as a global financial centre has elevated, sustaining that … ( read…
Beijing takes control of rating agency Dagong, following last year’s licence suspension in China
said it would ban Dagong from rating debt-financing instruments for non-financial firms. the firm had provided “false” statements and “fake” information to the regulator. The restructuring of Dagong … ( read original story …)
China Minsheng Banking : NOMINATION OF EXTERNAL SUPERVISOR
A meeting of the board of supervisors (the “Board of Supervisors”) of China Minsheng Banking Corp., Ltd. (the “Company”) was convened on 18 April 2019, at which the Resolution on the Nomination of Mr. ……
China’s troubled Anbang to slash registered capital by a third
A state takeover work group, which has seized control of Anbang since February last year, has decided to trim the company’s registered capital to 41.5 billion yuan ($6.21 billion) from 61.9 billion … ( read…
China’s EximBank provides more than $149 bln for Belt and Road projects
BEIJING, April 18 (Reuters) – The Export-Import Bank of China (EximBank) has provided more than 1 trillion yuan ($149 billion) to more than 1,800 “Belt and Road” projects, it said on Thursday. The … (…
Investors are worried about European bank earnings — here is all you need to know
Several analysts have raised concerns over earnings this quarter due to external risks such as low economic growth, uncertainty over U.S.-China trade deal, Brexit and a U-turn on major central bank … ( read original…
