On Friday, in a statement Australian Minister for Trade Dan Tehan said, trade talks with the European Union have been postponed. The development comes in the wake of Canberra deciding to cancel a $40 billion submarine deal with France. Last… Read More ›
According to a recent research, China’s Belt and Road Initiative has prompted dozens of low- and middle-income nations to accrue $385 billion in “hidden debts” to Beijing. AidData, an international development research lab headquartered at Virginia’s College of William and… Read More ›
The beleaguered Chinese property giant Evergrande, which is hugely in debt, has laso reportedly missed interest payment owed to overseas investors for the second time within a week, said reports quoting sources with information of the matter. The Chinese real… Read More ›
Data released on Thursday showed that the pace of growth of inflation in Germany for the month of September was a record of sorts. The data underscored the increasing price pressure on the largest economy of Europe as it attempts… Read More ›
On Thursday, as per Swiss government documents, Switzerland has updated rules to ensure that large banks hold sufficient liquidity to absorb economic shocks. The newly updated rules will have little or no impact on bank in terms of additional capital… Read More ›
In a significant development, BlackRock, HSBC and Swiss Re are among the companies who are seeking to create a risk management and disclosure framework aimed at channeling capital towards environmentally projects and away from ones which damage nature. Earlier this year in… Read More ›
According to sources familiar with the matter at hand, China Evergrande’s offshore bondholders have yet to receive their due coupon payment by the close of Asia business on Wednesday, despite the cash strapped Chinese developer reaching a $1.5 billion debt… Read More ›
According to a new report released on Wednesday, China’s massive Belt and Road Initiative (BRI) is in danger of losing momentum as resistance grows in target nations and debts build, clearing the door for competing projects to force Beijing out…. Read More ›
On Wednesday, in a significant development, a group of six investors with a combined $4 trillion of assets under management said, it aims to increase engagement with large Asian companies, including energy producers and banks, to ensure that they have… Read More ›
Leaders from the European Union are set to meet next month to discuss surging energy prices with governments scrambling to cushion households from the soaring prices. Benchmark European gas prices have shot up by more than 300% this year because… Read More ›
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