Financial Services

China sets ambitious growth target, promises steel cuts

Mar 5, 2018

China's top economic official has set a robust growth target of "around 6.5 percent" and promised more market opening and cuts in a bloated steel industry that has inflamed trade tensions with the U.S. and Europe

Global stock markets rise as investors seek Fed clues

Feb 26, 2018

Global stocks have risen following Wall Street's rally as investors look ahead to the U.S. Federal Reserve chairman's congressional testimony this week for insights into its outlook

Asian stock markets gain after Wall Street rally

Feb 26, 2018

Asian stock markets have risen following Wall Street's rally as investors look ahead to the U.S. Federal Reserve chairman's congressional testimony for insights into its economic outlook

China prosecuting tycoon who considered Kushner investment

Feb 23, 2018

Chinese authorities say they are prosecuting an insurance tycoon who had discussed possibly investing in a Manhattan skyscraper owned by the family of U.S. President Donald Trump's son-in-law

India arrests 11 suspects in $1.8 billion bank fraud case

Feb 20, 2018

India's federal investigating agency says it has arrested 11 people in an alleged $1.8 billion bank fraud that continued for six years

Reports: Jewelers to be summoned in India bank scam probe

Feb 16, 2018

Reports: Indian investigators order two wealthy jewelers to be questioned in probe into alleged $1.8 billion banking scam

Indian bank is cheated of $1.8 billion in complex fraud

Feb 15, 2018

India is investigating an alleged $1.8 billion bank fraud, with a wealthy jeweler allegedly using fake bank documents to obtain overseas loans

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."

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