Bank of Jiujiang, a mid-tier lender from a southern Chinese language river city, imparted some dangerous information on March nineteenth. In a uncommon disclosure, it advised buyers earnings for 2023 may fall by 30%, due to poorly performing loans. That is simply the form of data Chinese language banks are usually reluctant to disclose. Certainly, they typically go to nice lengths to keep away from doing so.
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About a decade in the past, a flashy, deep-pocketed investor made an look. Saudi Arabia’s Public Funding Fund (PIF) had a mandate to go large, and was able...
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Unlock the Editor’s Digest without costRoula Khalaf, Editor of the FT, selects her favorite tales on this weekly e-newsletter.Mexico is sitting on greater than half a billion litres...
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IT IS FITTING that Manmohan Singh, who unshackled Indian commerce and trade because the nation’s finance minister in 1991, was the son of an importer. His father’s agency...
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Unlock the Editor’s Digest free of chargeRoula Khalaf, Editor of the FT, selects her favorite tales on this weekly publication.The author is a monetary journalist and writer of...
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