Alibaba's landmark restructuring has sent its shares soaring in New York and Hong Kong, as investors bet on the return of regulatory support for China's tech industry and private businesses after more than two years of a brutal crackdown, CNN reported. The news of the restructuring came shor
The SSF, established on the last day of 2015 as part of an armed forces restructuring introduced early in Chinese leader Xi Jinping's rule, has no exact counterpart in any other country, according to Dean Cheng, a senior adviser on China at the US Institute of Peace and longtime observer of
Making a special address in Parliament, the President said that the EXIM Bank of China last night handed over a new letter of assurance pertaining to Sri Lanka's debt restructuring, according to Newswire.
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF) recently said Pakistan had been asked by the IMF "to take steps to be able to function as a country" and not get into a dangerous place where it needs debt restructuring, the Greek City Times reported.
China's external lending and even private corporation's activities abroad are dictated by political considerations. Its foreign investment has become a tool for buying geopolitical influence with a detrimental impact on the targeted country's fragile democratic machinery as well as the local
The federal government will book the highest-ever budget deficit despite putting an extra burden of Rs 735 billion on citizens till the end of June on account of higher gas and electricity tariffs and additional taxes.
Sitharaman co-chaired debt roundtable jointly with IMF MD Kristalina Georgieva and World Bank chief David Malpass. The G20 delegations also had a meeting with tech innovators at IISc.
McKinsey and Co plans to eliminate thousands of positions, adding the consulting giant to a wave of companies that are cutting corporate jobs, according to The Wall Street Journal.
Speaking at a regular press conference, China's Foreign Ministry spokesperson Wang Wenbin said, "China-Russia comprehensive strategic partnership of coordination is built on the basis of non-alliance, non-confrontation and non-targeting of third countries, and is within the sovereign rights
Nissan has been negotiating for a partnership of equals. Renault currently holds 43 per cent of Nissan's shares. The Japanese automaker's stake in Renault is only 15 per cent.
With a net income of PKR 2.5 trillion, Pakistan's total spending on debt servicing and defence reached over PKR 3.2 trillion more than the government's net income.