China is owed over $1 trillion (€935 billion) through its Belt and Road Initiative (BRI), making it the world’s biggest debt collector, a report has said. The report, published on Monday by researchers at AidData, showed the world’s biggest bilateral […]
HSBC India and UKEF on Thursday signed a Letter of Intent (LoI), which enables them to work together on opportunities relating to UKEF’s guarantee-backed structures. India was the UK’s 12th largest trading partner in the four quarters to the end […]
Most Asian markets fell on Friday after a broadly healthy week, with traders hoping for new Chinese steps to help the country’s troubled property sector after authorities called on banks to provide support. Wall Street was closed for the Thanksgiving […]
Morocco’s competition council said on Thursday it had fined the nine fuel companies operating in the country 1.84 billion dirhams ($180 million) because of non-compliance with free competition rules and price fixing. The council said it had reached an agreement […]
The Nigeria Sovereign Investment Authority (NSIA) and Z Capital Group (ZCG) signed a Memorandum of Understanding (MoU) and announced a joint venture partnership to establish a fund focused on infrastructure investments in Africa. The NSIA is the manager of Nigeria’s […]
The Saudi Central Bank, also known as SAMA, and the People’s Bank of China have signed a local currency swap agreement worth SR26 billion ($6.93 billion) as collaboration between the countries continues to strengthen. According to SAMA, the three-year agreement […]
China is ready to be a partner and friend of the United States, and there is plenty of room for bilateral cooperation, President Xi Jinping told American executives in San Francisco on Wednesday, as Beijing looks to reassure global business […]
China is willing to be “a partner and a friend” of the United States, Chinese leader Xi Jinping told American business leaders in San Francisco on Wednesday, as he sought to court US businesses amid a decline in foreign investment […]
In a budget statement on Wednesday, Ghana’s finance minister stated that the country’s economy was recovering, citing stronger economic growth than the previous year and a smaller budget deficit than anticipated thus far this year. With the cedi currency falling […]
Nigeria’s headline inflation rate rose to 27.33 per cent in October from 26.72 per cent in September, according to a report released by the National Bureau of Statistics (NBS) on Wednesday. The bureau said the October 2023 headline inflation rate […]
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