Financial Services

Ethiopia refuses World Bank arbitration over Nile River dam

Jan 21, 2018

Ethiopia's leader has rejected arbitration by the World Bank on a disagreement with Egypt over the hydroelectric dam that Ethiopia is building on the Nile River

China says cross-border cash flows hit turning point in '17

Jan 18, 2018

Financial regulators in China say cross-border capital flows hit a turning point in 2017 as foreign currency reserve levels stabilized after two years of declines

China: Report buying of US debt might stop is 'fake news'

Jan 11, 2018

China's foreign exchange regulator has challenged a news report that it might slow or stop purchases of U.S. Treasury debt due to trade tensions with Washington as "fake news."

US bars $1.2B Chinese acquisition of MoneyGram

Jan 3, 2018

Chinese billionaire Jack Ma has dropped his bid to buy U.S. money transfer company MoneyGram after Washington rejected the $1.2 billion deal in a fresh example of heightened American scrutiny of Chinese investment

Egypt wants World Bank to help on Ethiopia dam impasse

Dec 26, 2017

Egypt wants World Bank to help on Ethiopia dam impasse; project will be Africa's largest

Chinese leaders promise more imports, less financial risk

Dec 20, 2017

Chinese leaders have promised to increase imports and reduce risks in their financial system following an annual economic planning meeting

Britain's finance minister in China to promote trade

Dec 15, 2017

Britain's finance minister tells China's premier there are "many opportunities" to expand commercial ties as he starts a visit aimed at developing trade as the United Kingdom prepares to leave the European Union

Asian stocks mostly lower as US tax bill uncertainty weighs

Dec 15, 2017

Asian stock markets are mostly lower as uncertainty about the progress of a sweeping U.S. tax revamp outweighed an optimistic Japanese economic survey

China reacts to Fed rate hike by nudging up key policy rate

Dec 14, 2017

China's central bank has reacted to the U.S. Federal Reserve's interest rate increase by nudging up its own rate for lending to commercial banks but left rates for borrowing by companies and the public unchanged

Asian shares mixed as Fed hike gives investors few surprises

Dec 14, 2017

Asian stocks mixed after Fed rate hike, China follows with increase in short, medium-term lending rates

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