Emerging Markets: Trading Blow

After years of boosting global growth, developing economies now a major drag on world economy- It was only five years ago, but it feels like a different era. Roger Agnelli, the then chief executive of Vale, the Brazilian mining company, had just taken delivery of the first of an order of 35 Valemax ships, the […]

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Japan rivals China in East Africa investment

Japan has upped the competition with China in aiding East Africa’s development after signing a US$275 million loan to fund Kenya’s second phase of the Mombasa port expansion, reports our Chinese-language sister paper Want Daily. The US$275 million loan is part of a US$546 million contract aiming to move along the 2020 projected completion date […]

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Deal Set on China-Led Infrastructure Bank

China and 20 other countries signed a memorandum on Friday agreeing to create an international development bank that Beijing hopes will rival organizations like the World Bank. But some leading Asian countries refrained from joining the project, which the United States has been quietly lobbying against. Japan, Australia, South Korea and Indonesia were not represented […]

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