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China's new development bank is becoming a massive embarrassment for Obama
China's new development bank, which was announced just five months ago, is becoming a massive headache for the US. Try as it might, the US government can't persuade its allies to stop joining the Asian...
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China is not going to let North Korea into its new Asian development bank
China is leading an initiative to start a new development bank, Asian Infrastructure Investment Bank. North Korea very much would like to join that development bank.China's response? No way.According...
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China just invited Taiwan to join its big development bank under one condition
BEIJING (Reuters) - China welcomes Taiwan's decision to apply to join the Beijing-led Asian Infrastructure Investment Bank (AIIB) as long as the self-ruled island uses an appropriate name, state news...
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Israel becomes the latest US ally to back China's new investment bank
TEL AVIV (Reuters) - Prime Minister Benjamin Netanyahu has signed a letter of application for Israel to join the China-led Asian Infrastructure Investment Bank (AIIB), the Israeli Foreign Ministry said...
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The US is warming up to China's big new development bank
Washington appears to have softened its stance towards the new Beijing-led Asian Infrastructure Investment Bank, backing down from its earlier resistance and saying it is now ready to welcome the...
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Taiwan has been rejected as a founding member of China's new bank
Taiwan's bid to become a founding member of China's new regional development bank has been rejected, Beijing said on Monday, dashing the island's hopes of having a platform in the institution from the...
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China is making another move against the dollar
Beijing will push for the yuan to be included in a basket of currencies used to denominate and settle loans from the Chinese-led Asian Infrastructure Investment Bank (AIIB), according to think tank...
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5 unanswered questions about China's new infrastructure bank
The Obama Administration is taking heat for its refusal to join China’s proposed Asian Infrastructure Investment Bank (AIIB) and has now taken the limited step of suggesting that the World Bank work in...
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Germany's finance minister is worried about China's debt and shadow banking
Should we concerned about growing debt levels around the world?Wolfgang Schaeuble, Germany’s finance minister, certainly seems to thinks so, stating overnight that “debt levels in the global economy...
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China wants to reassure the world about its upcoming big bank
WASHINGTON (AP) — China's proposed infrastructure bank for Asia is intended to complement, not replace, existing lenders dominated by the U.S. and Japan, a senior Chinese official said Friday.Vice...
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Finance officials are warning of big risks tied to the global economic recovery
WASHINGTON (AP) — World finance officials said Saturday they see a number of threats on the horizon for a global economy still clawing back from the deepest recession in seven decades, and a potential...
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HANK PAULSON: 'That's bulls--t'
Hank Paulson has some colorful thoughts on the Asian Infrastructure Investment Bank.First, here's tiny bit of context: Earlier this month, some commentators — notably Harvard professor Larry Summers—...
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Obama: 'the fastest growing markets are going to be in Asia'
US President Barack Obama defended his efforts to broaden commerce with Asia and Europe and warned that opposition would give China a leg up in setting the rules for international trade.Conceding that...
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Why the US must think differently about China's new development bank
The founder of modern Singapore, Lee Kwan Yew, who passed away recently, had a rather pointed assessment of what’s known as the U.S.“Asia pivot” policy: Americans think of international relations like...
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China will be the largest shareholder in the $100 billion Asian...
(Reuters) - China will likely take a 25-30 percent stake in the Asian Infrastructure Investment Bank (AIIB) and India is likely to be the second-largest shareholder, delegates attending a meeting of...
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Australia is the latest US ally to join China's new bank
Sydney (AFP) - Australia said Wednesday it will join the new Beijing-led Asian Infrastructure Investment Bank as a founding member, contributing Aus$930 million (US$719 million) in paid-in capital over...
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China's new bank will start taking concrete shape this week
SHANGHAI/BEIJING (Reuters) - One of China's biggest ever foreign policy successes will take concrete shape on Monday when delegates from 57 countries sign an agreement on the Asian Infrastructure...
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China's finance minister says he's confident that its new bank can start...
BEIJING (Reuters) - China's Finance Minister Lou Jiwei said on Monday he was confident the Asian Infrastructure Investment Bank (AIIB) could start functioning before the end of the year.Lou was...
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Japan just made a $6 billion promise to some of its neighbors
TOKYO (Reuters) - Japan said on Saturday it would extend around $6 billion in development aid to Mekong region countries, as China prepares to launch a new institutional lender seen as encroaching on...
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The head of 'China's World Bank' just explained how he ripped a hole in the...
The decision of dozens of countries to join the Asian Infrastructure Investment Bank (AIIB), sometimes referred to as "China's World Bank," is one of the biggest geopolitical stories of the last...
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