Lula spoke Thursday at the New Development Bank (NDB), which serves as the Shanghai-based financial institution of the informal BRICS coalition. BRICS, comprised of Brazil, China, India, Russia and …
FINANCE
China Left Out of Sri Lanka Debt Talks Amid Angst Over Delays
(Bloomberg) — Sri Lanka and major creditors are set to formally launch talks to restructure the nation’s debt without China — its biggest bilateral lender — a signal of growing frustration with …
Independent judiciary key to Hong Kong upholding status as finance, dispute resolution hubs, Bar Association tells Beijing officials
Bar Association delegation visiting Beijing for first time in five years meets officials from legal department of the Hong Kong and Macau Affairs Office Association chairman Victor Dawes says that …
Morning brief: FM Sitharaman’s veiled message to Beijing on debt distress; all the latest news
Here are today’s top news, analysis, and opinion. Know all about the latest news and other news updates from Hindustan Times.
Morning brief: FM Sitharaman’s message to Beijing on debt distress; all the latest news
Here are today’s top news, analysis, and opinion. Know all about the latest news and other news updates from Hindustan Times.
Brazil lures China’s Cofco to finance recovery of degraded land
Chinese trader Cofco and other foreign players are interested in helping Brazil recover degraded farmland and reduce the carbon footprint of agriculture in one of the world’s largest food producers, …
France wants independence, will stay ‘strong and reliable’ US ally, finance minister says
French finance minister Bruno Le Maire said on Wednesday that France and Europe want to pursue an independent policy path from the United States and China, but intend to be “strong and reliable allies …
China’s AIIB calls for multilateral lenders to keep prized preferred creditor status
One of China’s most senior development finance officials has said that multilateral institutions must retain a status that limits their losses in sovereign debt restructurings in the longer term, amid …
Millions Will Fall Into Extreme Poverty If The U.S. And China Can’t Come Together On The African Debt Crisis
This year, $69 billion in African debt payments will come due – more than all the aid Africa received in 2021. African governments will spend 10% of their revenue servicing loans – triple the rate…
Sen. Hagerty, after South America trip, warns China moving to step into ‘vacuum’ left by US
our development finance tools and tools that will support building infrastructure in other nations.” Ultimately, Hagerty believes that there is potential bipartisan support for such a move and that a …
UPDATE 2-China to drop demand for development bank debt restructuring losses -source
WASHINGTON, April 11 (Reuters) – China is expected to drop its demand for multilateral development banks to share losses alongside other creditors in sovereign debt restructurings for poor countries, …
China, World Bank Exploring Solutions to Debt-Distress Deadlock
China and the World Bank are exploring compromises over how to restructure billions of dollars of debt held by poor nations, seeking a long-sought breakthrough that could unlock desperately needed aid …
China to drop demand for development bank debt restructuring losses -source
China is expected to drop its demand for multilateral development banks to share losses alongside other creditors in sovereign debt restructurings for poor countries, breaking a major roadblock to …