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Investors have hailed the new ethics code for banks, the UN Principles for Responsible Banking, as an important advance in making banks more sustainable. But they want to see the fine words lead to action — above all, real decarbonisation.
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In this round-up, the phase-one trade deal between the US and China ran into problems, China relaxed regulations on foreign banks and insurers and the International Monetary Fund (IMF) warned slower global growth. -
In this round-up, China’s third-quarter GDP growth fell to 6%, September’s CPI inflation jumped due to continued surge in pork price and money and credit growth both exceeded market expectations
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India’s Ministry of Finance is making big efforts to revive the country’s stagnating economy, with measures to front-load infrastructure spending and boost consumption. But experts warn that it will take many more tough reforms to get India back to its heyday of strong growth.
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In an exclusive interview with GlobalMarkets, the vice president of the Asian Infrastructure Investment Bank, says that he wants to see half of lending going to the private sector within 10 years
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The recent bond market sell-off has provided an opportune window for issuers to bring positive yielding deals, boosting demand for SSAs and covered bonds. It’s difficult to imagine this move will prove anything other than temporary, suggesting hesitant issuers should seize the opportunity before it disappears.
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When life gives you lemons, stay cool and ask life what else it has got.
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Sri Lanka’s deputy central bank governor, P Nandalal Weerasinghe, tells GlobalMarkets that claims it had fallen into a Chinese debt trap are “rubbish”, pointing out that loans from the Asian giant were lower than those from some multilateral development banks
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Ma Jun, a green activist who also sits on the monetary policy committee of the Chinese central bank, tells GlobalMarkets that multilateral development banks need to focus on risk mitigation, reduce the risk of default on demonstration projects and help local banks deliver more lending if they want to deliver on financing green infrastructure
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Heavy debt burdens are forcing African countries to either renegotiate loan terms with China, or ask for debt forgiveness, with some blaming China’s lack of attention to debt sustainability.
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A new report claims that Taiwan has over a $100bn of hidden dollar reserves — more than enough for the US Treasury to classify the Asian country a currency manipulator if it wanted to. But given Taiwan’s strained relationship with China, the US might be prepared to look the other way
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