Category: Finance

Chinese President Xi Jinping emphasized China’s support for the BRICS-led New Development Bank (NDB) and called on the institution to further build ties with the Global South. Xi called the bank "a pioneering initiative for the unity and self-improvement of the Global South," and said it will strengthen ...

Chinese President Xi Jinping emphasized China’s support for the BRICS-led New Development Bank (NDB) and called on the institution to further build ties with the Global South. Xi called the bank "a pioneering initiative for the unity and self-improvement of the Global South," and said it will strengthen ...

Chinese President Xi Jinping emphasized China’s support for the BRICS-led New Development Bank (NDB) and called on the institution to further build ties with the Global South. Xi called the bank "a pioneering initiative for the unity and self-improvement of the Global South," and said it will strengthen ...

President Donald Trump's administration plans to gut a U.S. agency that has invested billions in infrastructure in Africa, ceding ground in a key area of competition with China, according to a memo. A memo, which was sent to staff and whose ...

Stanbic Bank Kenya, a subsidiary of Standard Bank — Africa's largest bank by assets, announced a series of initiatives aimed at fostering closer commercial ties between Kenya and China. Among the key announcements at the Chinese Economic Forum held ...

Argentina extended a multi-billion-dollar currency swap agreement with China Thursday, despite fierce opposition to the deal in Washington. The cash-strapped South American nation extended the $5 billion accord with Beijing for one more year, securing much-needed foreign reserves. ...

China's offshore yuan fell to an all-time low against the U.S. dollar on Tuesday as trade tensions between the United States and China escalated after days of turmoil over tariffs. The offshore yuan, which is circulated outside mainland China and is ...

By Wu Tianyi Over the past two decades, Chinese financing in Africa has boomed and waned and undergone cycles of change. Initially dominated by lending from state-owned policy banks for large infrastructure and energy projects, notably in coal and hydropower, the ...

Indonesia’s decision to join the New Development Bank (NDB) under the BRICS framework presents an opportunity to accelerate its green industrial policy. As the country transitions toward a more sustainable economy, securing financing for clean energy, infrastructure, and environmentally friendly industries is paramount. NDB offers an additional ...

By Oliver Hotham and Ludovic Ehret China's defense spending will rise by 7.2 percent in 2025, the same as last year, Beijing said on Wednesday, as its armed forces undergo rapid modernisation and eye deepening strategic competition with the United States. ...

Asian markets climbed on Monday in hopes that China would announce a huge stimulus package to help offset U.S. President Donald Trump's looming tariffs on Chinese goods. Investors were also watching for any last-ditch deals to ward off the levies hitting ...

U.S. and European leaders often talk about the importance of building China-free supply chains for transition minerals and other critical resources. While, for a lot of people, that may resonate among their constituents at home, the reality is that it's not ...