Australia, NZ dollars off lows as bargain hunters dip into market

By Cecile Lefort and Rebecca Howard SYDNEY/WELLINGTON, Jan 18 : The Australian dollar pulled away from seven-year lows on Monday as some investors were keen to buy what they perceived to be bargain levels, but persistent concerns about global growth kept gains in check. The Australian dollar edged up nearly half a cent to $0.6906, […]

China launches new AIIB development bank as power balance shifts

By Sue-Lin Wong BEIJING, Jan 17 : Chinese President Xi Jinping launched a new international development bank seen as a rival to the US led World Bank at a lavish ceremony on Saturday, as Beijing seeks to change the unwritten rules of global development finance. Despite opposition from Washington, US allies including Australia, Britain, German, […]

Banks give back China investment quotas as clients bypass the middlemen

By Michelle Price HONG KONG, Jan 17 : Global banks have started to hand back investment quotas used to buy Chinese stocks and bonds because alternative channels for investment in China and the sliding yuan are making this once lucrative business unprofitable. While China’s move to open up its capital markets and allow its currency […]

China launches new AIIB development bank as power balance shifts

By Sue-Lin Wong BEIJING, Jan 16 : Chinese President Xi Jinping launched a new international development bank seen as a rival to the U.S.-led World Bank at a lavish ceremony on Saturday, as Beijing seeks to change the unwritten rules of global development finance. Despite opposition from Washington, U.S. allies including Australia, Britain, German, Italy, […]

Chinese president launches new AIIB development bank as power balance shifts

By Sue-Lin Wong BEIJING, Jan 16 : Chinese President Xi Jinping launched a new international development bank seen as a rival to the U.S.-led World Bank at a lavish ceremony on Saturday, as Beijing seeks to change the unwritten rules of global development finance. Despite opposition from Washington, U.S. allies including Australia, Britain, German, Italy, […]

China ties on the line as Taiwan votes for new president

By Faith Hung and Yimou Lee TAIPEI/YILAN, Taiwan, Jan 16 : Taiwan looks set today to elect an independence-leaning opposition leader as its first woman president who could usher in a new round of uncertainty with China, the massive neighbour that claims the self-ruled island as its sacred territory. Tsai Ing-wen, leader of the Democratic […]