Jun 10, 2015

WSJ: China to have 'upper hand' with veto power over AIIB

China will ultimately have “veto power” over major decisions of the new Beijing-led Asian Infrastructure Investment Bank, the Wall Street Journal reported on Tuesday. The AIIB, which will be based in the Chinese capital, has 57 prospective members, but the United States and Japan ...

Jun 5, 2015

Investors must take climate change into account: study

Most investors need to make a significant behavioral shift and start factoring climate change into their portfolio risk management, a study on its impact on financial market returns found on Thursday. Government officials are meeting in Germany this month to work on a global ...

Apr 17, 2015

Emerging economies hail new China-led investment bank

A group of 24 emerging economies on Thursday welcomed plans to establish the China-led Asian Infrastructure Investment Bank. In a statement they said they “look forward” to the creation of the AIIB. The statement followed a meeting on the sidelines of the biannual IMF-World ...

Apr 16, 2015

Global surge reported in people opening first bank accounts

Africans using cellphones, older Chinese, and Indians getting a push from their government have fueled an unprecedented surge of people opening their first bank accounts. The number people with an account — either on mobile phones or at bank branches — jumped by 700 ...

| Apr 15, 2015

Is China-led bank a lost opportunity?

by

China’s proposed Asian Infrastructure Investment Bank is causing a stir as the majority of Group of 20 leading economies sign on as founding members, while the U.S. and Japan remain on the sidelines. This outcome for a Chinese initiative that challenges the U.S.-led global ...

Mar 21, 2015

Switzerland, Luxembourg both plan to join China-led development bank

Switzerland and Luxembourg are planning to join the Beijing-backed Asian Infrastructure Investment Bank, China’s Finance Ministry said, the latest European nations to sign up to the multilateral lender which has drawn skepticism from the United States. Britain, France, Germany and Italy have already announced ...