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Exim bank extends 200th Line of Credit to finance exports
The Export-Import Bank of India (Exim Bank) has extended a Line of Credit (LOC) of US $24 million to the Government of the Republic of...
Jeremy Corbyn Sweeps to Victory in UK Labour Leadership Contest
Radical left-winger Jeremy Corbyn swept to victory with 59.5 percent of the vote, meaning there was no need for further rounds of voting...
India's Modi sets sights on Africa
As China's slowdown impacts ties with Africa, India is seeking to step in and boost political and economic ties with the continent. The...
Burkina Faso military confirms coup
Military takes to airwaves and declares it now controls the country, just weeks before planned elections. The military in Burkina Faso...
China's `New Normal' Growth Model Is Starting to Get Expensive
When Premier Li Keqiang took the stage Thursday at the World Economic Forum’s “Summer Davos” meeting in Dalian, he told business leaders...
Buhari Opposes Further Nigerian Currency Devaluation, Endorses Central Bank's Restrictions
Nigerian President Muhammadu Buhari said Wednesday he opposed further currency devaluation in the oil-rich West African nation, which has...
Russia and China push for economic alliance amidst scepticism
Russia’s VTB Bank has signed a Rmb12bn (US$1.9bn) trade finance agreement with China Development Bank (CDB) to help clients fund...
China’s Commerce Ministry defends devaluation, sees ‘limited’ impact
China today defended the recent revamp of its foreign exchange regime that led to a sharp devaluation of the yuan, calling it a "normal...
Expert: China cut means nothing; QE by PBoC coming
While many investors view China's decision to further cut its benchmark interest rates as a positive sign, John Rutledge, the chief...
Jimmy Carter and Desmond Tutu: An appreciation of two great men
The news has been cruel with its messages that at the age of 90, former US president Jimmy Carter is battling brain cancer. Meanwhile, a...
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