| Apr 15, 2015

Is China-led bank a lost opportunity?


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 ...

Apr 15, 2015

Norway among 57 founding members of new China-led bank

A total of 57 countries have been approved as founding members of the Asian Infrastructure Investment Bank, China, which proposed the initiative, said Wednesday, including Norway, despite relations being in a diplomatic deep freeze since a Chinese dissident won the Nobel Peace Prize. No ...

Dec 24, 2013

2014 foreign aid to be cut 1.3% to ¥550.2 billion

The government said Tuesday it will reduce overall foreign aid to ¥550.2 billion in the general account budget for fiscal 2014, down by 1.3 percent, or ¥7.1 billion, from the amount initially allocated for the current fiscal year — the 15th straight year of ...