HONG KONG-India’s Adani Group plans to prepay or repay share-backed loans worth between $690 million and $790 million by end of March this year, two people with knowledge of the matter said, as it seeks to burnish its credit profile after a short-seller attack.
Adani Green Energy also plans to...
WASHINGTON: There is no definitive conclusion on the origin of COVID-19 and the intelligence community and the rest of the US government are still looking at this, the White House has said following a report that the Energy Department has concluded the virus most likely leaked from a lab in China....
The death toll rose to 62 in the migrant tragedy off Italy's southern coast after rescue crews recovered three more bodies Monday, driving home once again the desperate and dangerous boat crossings of people seeking to reach Europe. Dozens more were believed to be missing. At least seven of the dead were...
The International Monetary Fund (IMF) told the Pakistan government to increase the interest rates during the recently concluded staff-level visit which urged the government to adopt an aggressive approach to curb inflation.
The IMF also questioned the Shehbaz Sharif-led government on what steps it has taken on their defence budget...
Beijing , February 24: China which emerged as the developing world’s bank of choice is now transitioning from a generous investor to a tough enforcer as its borrowers fail to pay up, reported Foreign Policy (FP).
China poured hundreds of billions of dollars in loans into global infrastructure projects as...
Beijing , February 23: China has been ranked number one on various parameters of illegal, unreported, and unregulated fishing (IUU) rankings. Over 60 per cent of its vessels are involved in IUU fishing worldwide, according to the IUU rankings report 2021, reported Investigative Journalism Reportika (IJK).
Similar to how the...
Beijing , February 22: China is likely to see a trade deficit in 2023, dragging down GDP growth and depressing profits and employment in the manufacturing sector, The Hong Kong Post reported, adding that there is a clear message that markets should not be too optimistic about Chinese growth...
KYIV: Ukrainian President Volodymyr Zelenskyy on Sunday fired a senior military commander helping lead the fight against Russian troops in the country's embattled east but gave no reason for the move.
In a one-line decree, Zelenskyy announced the dismissal of Eduard Moskalyov as commander of the joint forces of Ukraine, which are engaged in...
MOSCOW: Russian President Putin said in an interview broadcast Sunday that Russia has no choice but to take into account Nato's nuclear capabilities, in remarks justifying Russia's recent suspension of its participation in the New START treaty.
As he has done repeatedly during the Ukraine war, Putin claimed that Russia faces an existential...
BEIJING: China Renaissance Holdings said in an exchange filing on Sunday that its missing chairman and star dealmaker Bao Fan was currently cooperating with relevant Chinese authorities conducting an investigation. This is the first time the mainland China-based boutique bank has given a reason for the disappearance of its founder - who was...
