Dai Jinlian has created more than 200 jobs for villagers picking tea leaves in China’s Zhejiang province since 2008. That wasn’t enough to qualify her for a loan from the nation’s state-controlled banking system.
As China’s cash squeeze claims victims across the nation -- from a bailout-seeking shipyard to a solar-panel maker missing a bond payment -- there are places where Chinese money remains cheap and plentiful. Like Nigeria.
The competition between the world’s two biggest economies for influence in Latin America is on display this week as U.S. Vice President Joe Biden visits Rio de Janeiro today near the end of a three-nation tour of the region with Chinese President Xi Jinping close behind.
Kinder Morgan Inc., the energy- pipeline company whose owners include the Carlyle Group and Goldman Sachs Group Inc ., raised $2.9 billion in the biggest private equity-backed U.S. initial public offering.
The International Monetary Fund endorsed nations’ use of capital controls in certain circumstances, making official a shift, which has been in the works for three years, that will guide the fund’s advice.
French Finance Minister Christine Lagarde, vying for the leadership of the International Monetary Fund, pledged to be impartial toward European nations seeking aid and to give emerging economies greater influence.
Kinder Morgan Inc., the energy- pipeline company whose owners include the Carlyle Group and Goldman Sachs Group Inc., gained 3.5 percent in its first day of trading after expanding its initial public offering.