KARACHI, Pakistan, March 30 (Reuters) – China is working on a request from cash-strapped Pakistan to roll over a $2-billion loan that matured last week, a top finance ministry official told Reuters, …
Tagged By finance
China’s Financial Diplomacy Is Still Minor League
The IMF’s power isn’t untrammeled, and China has boosted its international lending considerably. Credit is a major prong in the long campaign to establish a meaningful role in global finance to …
FTX’s Bankman-Fried pleads not guilty to campaign finance, China bribery charges
Indicted FTX cryptocurrency exchange founder Sam Bankman-Fried pleaded not guilty on Thursday to new U.S. charges of conspiring to violate campaign finance laws and bribe Chinese authorities.
China calls US debt trap accusation ‘irresponsible’
China has lent hundreds of billions of dollars to build infrastructure in developing countries, but lending has tailed off since 2016 as many projects have failed to pay the expected financial …
The U.S. Can Steal China’s Climate Leadership Crown
called China a “major polluter” that could no longer expect a “free pass” on contributing to climate finance. For decades, China was a leader in international climate negotiations. But that changed at …
China And Brazil Reach Deal To Ditch U.S. Dollar And Trade In Their Own Currencies
China, the prime opponent to US economic power, and Brazil, which currently has the largest economy in Latin America, will be able to carry out their immense economic and financial dealings without …
World stocks rise as bank fears ease; China economy improves
Stocks are rising again as a bit more fear evaporates from Wall Street. The S&P 500 was up 0.7% early Thursday. The benchmark index is on pace for its fifth gain in the last six…
China’s Big Five banks post healthy results, warn of shaky recovery
China’s Big Five lenders posted above 3.5% annual net profit growth this week, but warned that the foundations of the country’s recovery were “not yet solid”.
Worried About Shadow Banking? Don’t Look at China
When we talk about shadow banking, we think of China, one of the world’s most indebted nations. Lending by companies that do not own a banking license has reached 50 trillion yuan ($7.3 trillion), or…
China must ‘reflect’ on the collapse of Silicon Valley Bank, keep a watchful eye on liquidity
Lu Lei, deputy head of the foreign exchange regulator, says China must pay close attention to overall liquidity in the financial sector China’s economy and banking system are largely insulated from …
China is now an unlikely safe haven
Whisper it, but could China offer a safe haven to global investors in a time of banking turmoil? On the face of it, the question is absurd. Only a year ago prominent voices were calling…
FTX’s Bankman-Fried to Plead Not Guilty to Campaign Finance, China Bribery Charges
Indicted FTX cryptocurrency exchange founder Sam Bankman-Fried is expected to plead not guilty on Thursday to new U.S. criminal charges, which include conspiring to violate campaign finance laws and …
UPDATE 1-China banking regulator chairman meets StanChart CEO
BEIJING, March 30 (Reuters) – China’s banking and insurance regulator on Thursday said its chairman, Guo Shuqing, met with Standard Chartered PLC Chief Executive Bill Winters on March 28. The pair …
