China Minsheng Bank was fined 107.8 million yuan for banking illegal property projects, while China Zheshang Bank was fined 101.2 million yuan for selling off-balance sheet ... ( read original story ...)
Business considers countries’ borders closing due to coronavirus pandemic a mistake
Businessmen from a number of countries share the view that the closing of borders between countries due to the coronavirus pandemic was a mistake as anti-epidemic measures could have been observed ... ( read original story ...)
Chinese firm to run Lao electric grid amid default warnings
Laos is set to cede majority control of its electric grid to a Chinese company, as it struggles to stave off a potential debt default, people with direct knowledge of the agreement said. ( read original story ...)
Gold, silver, platinum prices in Azerbaijan down
The price of gold decreased in Azerbaijan on September 4 compared to the previous price, Trend reports referring to the data published by the Central Bank of Azerbaijan (CBA). ( read original story ...)
U.S. Commerce Chamber Launches Kazakh American Business Council
The U.S. Commerce Chamber announced the creation of the U.S. – Kazakh Business Council to expand bilateral trade and economic cooperation, reported the commerce’s press service. The new council, which ... ( read original story ...)
Sri Lankan, Indian ships, aircraft try to douse tanker fire
Ships, boats and aircraft from Sri Lanka and India have escalated efforts to douse a fire raging on an oil tanker off eastern Sri Lanka as authorities confirmed one crew member died in a boiler explos ... ( read original story ...)
China’s yuan could become the world’s third largest reserve currency in 10 years, Morgan Stanley predicts
Morgan Stanley analysts predict the Chinese yuan will account for between 5% to 10% of global foreign exchange reserve assets by 2030, putting the currency into third place. ( read original story ...)
India-Nepal Economic Ties are Strong and Faring Well, says Policy-makers in PHDCCI India-Nepal Centre Webinar
New Delhi: With Covid-19 outbreak and prolonging lockdown, the lives and livelihoods have been adversely impacted in unprecedented manner. As the crisis has global nature, India and Nepal are ... ( read original story ...)
China may dump U.S. Treasuries as Sino-U.S. tensions flare – Global Times
China may gradually cut its holdings of U.S. Treasury bonds and notes, in light of rising tensions between Beijing and Washington, state-backed newspaper Global Times cited experts as saying. With ... ( read original story ...)
Brazil, South Korea: Two Tales Of Climbing An Income Ladder
The “middle income trap” may well characterize the experience of Brazil and most of Latin America since the 1980s. ( read original story ...)