China has rolled over a $2 billion loan to Pakistan, caretaker finance minister Shamshad Akhtar confirmed on Thursday. The $2 billion loan was due in March and has been extended for one year.
The Chinese embassy's response was awaited. Sources said that China had initially asked to further increase the interest rates on the $2 billion debt. Pakistan is currently paying 7.1% interest ...
Pakistan will now only make interest payments in both years, its finance minister has said.
For about two decades, Kelly Zong Fuli operated in the shadows of her father, beverage tycoon Zong Qinghou – once China’s richest man. His death last month is now thrusting the woman known as ...
The office running a crucial part of President Joe Biden’s climate agenda has Congress’ approval to lend more than $200 billion for next-generation energy projects — from solar farms and ...
BERLIN, April 11 (Reuters) - Volkswagen announced on Thursday plans to invest 2.5 billion euros ($2.68 billion) in China to expand its production and innovation hub in the city of Hefei in Anhui ...
China’s BYD Co. received at least €3.4 billion ($3.7 billion) in direct government subsidies as part of Beijing’s push to dominate electric vehicles and other clean technologies, according ...
China is now the biggest market for Studio Ghibli's Oscar-winning fantasy film, which has earned $61 million at home in Japan. By Patrick Brzeski Asia Bureau Chief Japanese anime master Hayao ...
Volkswagen will expand its production and research facilities in Anhui province as the German automaker looks to reclaim its title as China's top-selling car brand. Volkswagn will invest €2.5 ...
Société Générale CEO Slawomir Krupa has promised to cut costs and simplify the French bank's business. (Joel Saget/Agence France-Presse/Getty Images) French bank Société Générale agreed to ...
Japan is the top investing nation in the US with $775.2 billion at the end of 2022, followed by Canada and the UK, according to the US Bureau of Economic Analysis. This is far bigger than China ...