China waiving African debt isn’t about refinancing

In mid-August, China’s Ministry of Foreign Affairs produced news with a series of announcements. Wang Yi, Beijing’s most senior diplomat, promised intensive debt relief for some from the world’s poorest nations. The announcement has been made at the ministerial meeting of the Forum for China Africa Cooperation. In addition to raising food assistance to the continent, […]

The post China waiving African debt isn’ t about refinancing appeared initial on Asia Times .

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Grab and Singtel launch Singapore digital bank in joint venture, to offer daily interest on savings account

SINGAPORE: GXS Bank, the digital bank joint venture of ride-hailing firm Grab and Singtel, launched Singapore’s first digital bank on Wednesday (Aug 31) for the retail market. Nasdaq-listed Grab’s rapidly expanding financial services have become a key part of its growth strategy as it seeks to offer banking, digital payments,Continue Reading