The Beijing-Washington rivalry has extended to the war-torn country in the dash to build corridors linking Central Asia, South Asia and the Middle East.
North Korea’s economy grew for first time in 3 years – South Korea
The economy of isolated North Korea grew for the first time in three years in 2019 as better weather conditions boosted crop yields, but sanctions imposed to stop its nuclear ambitions kept factory …
Iran’s stock market surges past key level to record high, as analysts warn of bubble
Iran’s main stock index broke through the key 2 million point mark for the first time ever on Sunday, state media reported, amid warnings that the market is overheating. The Tehran Stock Exchange’s …
AIIB in discussion with India for financing of ambitious $8-billion health infrastructure scheme
The Beijing-based multilateral funding agency had earlier approved a financial assistance of USD 1.2 billion for India to fight the COVID-19 pandemic.
Sri Lankan financial hub may give competition to India’s GIFT City: Report
Sri Lanka is working on a financial hub, with help from China, that could give India’s GIFT City some competition. Sri Lanka has recently given tax incentives for the Colombo International Finance …
US House passes missile-defense budget for Israel valued at $500m.
The US House of Representatives passed on Friday an aid package to Israel valued at $500 million designated for assistance to Israel in missile-defense, JNS reported. The financial aid will mostly go …
North Korea’s Economy Grew for First Time in Three Years: South Korea
The economy of isolated North Korea grew for the first time in three years in 2019 as better weather conditions boosted crop yields, but sanctions imposed to stop its nuclear ambitions kept factory …
Ensuring social harmony through sport and play: KfW is providing EUR 25 million of financial support to Syrian refugee children
Social cohesion between the Turkish population and Syrian refugees to be strengthened In cooperation with the European Union (EU), KfW has committed around EUR 25 million for the construction of sport …
New leader of Japan’s FSA well versed in global affairs
TOKYO — Ryozo Himino is set to take the initiative in updating the administration and regulation of Japanese finance in line with global trends as new chief of the Financial Services Agency.
MCC Holding (Hong Kong) Corporation Limited — Moody’s affirms CMGC and MCC’s Baa1 issuer ratings; outlook stable
Moody’s Investors Service has affirmed the Baa1 issuer ratings of China Metallurgical Group Corporation (CMGC) and its key subsidiary, Metallurgical Corporation of China Ltd. (MCC). In addition, Moody …