Beijing has deferred loan payments from poor countries, but with over $900 bln in IOUs, officials are hesitant to do more. China’s banking opacity deters cooperation. It will have to be transparent to seize leadership, says petesweeneypro:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Breakingviews-Debt hero role awaits China at rich price(Reuters Breakingviews) - China could be the hero of the developing world if it took the lead on restructuring their debts. But when it comes to aid, Beijing likes playing poor at times, rich at others, and opacity deters coordination with other creditors. If it wants to seize the opportunity, transparency is the price.
Read more »
China says U.S. trying to shift blame and smear Beijing over WHOChina said the United States was trying to shift the blame for Washington's own mishandling of the COVID-19 crisis, responding to President Donald Trump's letter threatening to halt funding to the World Health Organization.
Read more »
Taiwan president rejects Beijing rule; China says 'reunification' inevitableTaiwan cannot accept becoming part of China under its 'one country, two systems' offer of autonomy , President Tsai Ing-wen said on Wednesday, strongly rejecting China's sovereignty claims and likely setting the stage for an ever worsening of ties.
Read more »
African debt holiday choices open new divisionsKenya won’t take up a G20-backed offer to poorer nations to suspend debt repayments. That’s because private creditors may take a dim view of such a move, irrespective of what ratings agencies say. Africa’s laggards have to accept the offer and will look worse in comparison.
Read more »
Comcast Raising $4 Billion In Bond Sale To Refinance Outstanding DebtMedia giant Comcast is selling $4 billion worth of notes and will use the proceeds to pay down existing debt. The company revealed the plans in a pair of SEC filings Wednesday. The parent of NBCUni…
Read more »
Twenty-year Treasury bond will add to $25 trillion U.S. debt pileInvestors expect robust demand for the Treasury Department's new $20 billion issue of 20-year bonds, set to launch Wednesday, from U.S. institutions, foreign investors and other market participants.
Read more »