Denmark has applied to join the Beijing-led Asian Infrastructure Bank (AIIB), China's Ministry of Finance said on Sunday, becoming the latest European power to join the institution despite misgivings of the United States.
Tags: Asian Development Bank
China to Remain the World's Top Engine for Global Economic Growth, ADB Says
Even if China's economy slows down, the Asian Development Bank (ADB) said it will still be the largest growth engine for the world economy.
IMF review recommends delaying currency basket adoption of yuan
The International Monetary Fund should put off any move to add the yuan to its Special Drawing Rights currency basket until September 2016, an IMF staff report said, a move that would effectively end the Chinese currency's chances of an early inclusion.
China stocks slide despite calming efforts
China's stock markets closed sharply lower on Monday after a frantically volatile day of trading, despite surprise monetary easing moves by the central bank at the weekend.
China-backed multilateral bank to take concrete shape this week
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 Investment Bank (AIIB) in Beijing.
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Asian Development Bank President Takehiko Nakao expressed his confidence about Asia's economy should US Federal Reserve proceed with its plans to reduce its quantitative easing program.
The International Finance Corporation is looking to sell rupee-denominated bonds for the second time. The World Bank investment arm raised INR1,000 crore in its first rupee-bond issue.
The Monetary Board of the Bangko Sentral ng Pilipinas has cleared the USD500 million loan from the Asian Development Bank. The said fund will be used to rehabilitate and reconstruct communities struck by super typhoon Haiyan.
Thailand is ready to launch a BHT2 trillion infrastructure investment project in 2014, which could potentially boost the country's economy after a slowdown this year.
The Asian Development Bank had allotted two loans for renewable energy and utilities projects in both eastern and western India.
With infrastructure demand at an all time high, there are still many pitfalls that investors face when putting their money into Southeast Asia.
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