China has rolled over a $2 billion loan to Pakistan, caretaker finance minister Shamshad Akhtar confirmed on Thursday. The $2 billion loan was due in March and has been extended for one year.
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The Chinese embassy's response was awaited. Sources said that China had initially asked to further increase the interest rates on the $2 billion debt. Pakistan is currently paying 7.1% interest ...
For about two decades, Kelly Zong Fuli operated in the shadows of her father, beverage tycoon Zong Qinghou – once China’s richest man. His death last month is now thrusting the woman known as ...
Chinese companies are feeling a cold shoulder in the U.S.—except at universities, where they are welcomed as customers. American universities sign contracts around the world to sell their ...
Germany’s influential Kiel Institute finds that BYD received $2.26 billion in direct subsidies from China in 2022 alone. The Chinese automotive giant benefits even more from indirect subsidies ...
The office running a crucial part of President Joe Biden’s climate agenda has Congress’ approval to lend more than $200 billion for next-generation energy projects — from solar farms and ...
Investors pulled about $2 billion from what was once the largest oil exchange-traded fund over the last ten months as the rally in crude futures shows no sign of ending. WisdomTree Brent Crude Oil ...
A slump in the shares of China Evergrande New Energy Vehicle Group, the electric-vehicle (EV) unit of debt-ridden property developer China Evergrande Group, wiped out US$2.7 billion in market ...
Brightline received three low credit ratings this month as it shopped for a $2 billion loan to refinance its $4.94 billion debt and to fund reserves, expansion and financing costs. Though low, the ...
Apple has agreed to pay $490 million to settle a class-action lawsuit alleging CEO Tim Cook misled investors about a steep downturn in iPhone's sales in China that culminated in a jarring revision ...
NASA spent $2.2 billion to build and launch the Chandra X-Ray Observatory in 1999, and it has performed brilliantly, scrutinizing deep space, black holes, galaxy clusters and the remnants of ...