Energy minister Ruth Nankabirwa has confirmed that the China Export-Import Bank, and “several other Chinese banks” will finance the $3b (Shs11.2 trillion) debt required for the East African Crude Oil Pipeline (Eacop). The confirmation ends…
Tagged By financials
Why financial crashes happen – and China could be next
My favourite financial crisis, if you can have such a thing, is the “Japanese rabbit mania” of 1873. Following the Meiji Restoration, in which the shogunate was dissolved and power returned to the …
G-7 finance leaders vow to contain inflation and strengthen supply chains but avoid mention of China
The Group of Seven’s top financial leaders united Saturday in their support for Ukraine and their determination to enforce sanctions against Russia for …
G7 finance leaders say greater economic uncertainty requires vigilance, vow to contain inflation
The Group of Seven’s top financial leaders say they are united in their support for Ukraine and determination to enforce sanctions against Russia for its aggression …
G7 finance leaders pledge to contain inflation and to continue support for Ukraine
Finance ministers and central bank chiefs ended talks in Japan with a joint statement pledging to bring inflation under control while aiding those suffering the most from surging prices.
China Authorities Summon Banks to Clarify Probe Details: Cailian
Chinese authorities summoned several state-owned banks and other lenders on Friday to clarify details of closely watched industry probes, local media reported.
Why China is unlikely to rescue the world economy again
Beijing’s huge stimulus program helped the West to recover from the 2008 financial crisis. This time, however, China’s post-COVID recovery is patchy and geopolitical issues mean it is unlikely to stop a global recession.
Beijing intensifies crackdown on financial crimes
More than 4,500 financial cases have been solved and over 5,500 suspects arrested since last year, data released by Beijing’s Public Security Bureau showed on Saturday.
Chinese policy bank steps up support for revitalizing NE region
By the end of April, the policy bank had issued nearly 400 billion yuan (about 57.6 billion U.S. dollars) of loans to projects involved in this undertaking, it said. It had also allocated 23.3 billion…
G7 finance leaders vow to contain inflation, strengthen supply chains but avoid mention of China
The Group of Seven’s top financial leaders united Saturday in their support for Ukraine and their determination to enforce sanctions against Russia for its aggression but stopped short of any overt …
Japan’s Kishida says G7 facing historic moment as finance leaders wrap up talks on global economy
Japanese Prime Minister Fumio Kishida says the world is facing a “historic turning point” as the country prepares to host the annual summit of the Group of Seven advanced economies next week in Hirosh …
Forrester Research to axe China jobs after Beijing’s consultant crackdown
Forrester Research, a US tech-focused research group, has told staff it plans to cut the majority of its China analysts after Beijing intensified scrutiny of western consultancies in the country.
G-7 talks focus on ways to fortify banks, supply chains as China accuses group of hypocrisy
For its G-7 presidency, Japan has prioritized launching a partnership with low- and middle-income countries to build “robust supply chains” to help cut carbon emissions. One key area of concern for …
