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China pledges to increase trade with CEE countries

DUBROVNIK, April 12 — China pledged today to increase trade with Central European countries and provide more financial support for major cross border infrastructure projects to promote regional cooperation. The area is key to China’s Belt and…


The origins of the piggy bank

KUALA LUMPUR, April 8 — Everyone remembers a piggy bank from their childhood days. Whatever the shape or size, we all had a money bank of some sort where we used to drop in loose coins or even precious RM1 notes. Whether it was one of those fancy…


No breakthrough expected in EU-China summit

BRUSSELS, April 7 — Top EU leaders meet Chinese Premier Li Keqiang this week at a summit in Brussels, but their hopes of winning solid commitments on trade look set for disappointment. Brussels is trying to beef up its approach to the Asian giant…


Greece secures debt relief from eurozone after delay

BUCHAREST, April 5 — Eurozone finance ministers released long-delayed debt relief to Greece today, saying the government had implemented reforms promised during the massive bailout that ended last year.  Greece exited its third and final…


EU Commission ready to release post-bailout grants to Greece after bank reform

BRUSSELS, April 3 — Greece has respected its commitments under a post-bailout programme, the European Commission said today, paving the way for Athens to receive nearly €1 billion (RM4.5 billion) in new grants. The release of funds, which needs…


China’s Xi insists new Silk Road runs both ways as Italy signs up

ROME, March 23 — Chinese President Xi Jinping sought yesterday to allay Western unease over his new Silk Road initiative by emphasising the vast infrastructure project’s two-way nature as he kicked off a whistlestop European tour in…


EU to add Bermuda, Aruba to tax haven list, Italy against UAE listing

BRUSSELS, March 12 — European Union finance ministers are set to add the British overseas territory of Bermuda and the Dutch Caribbean island of Aruba to the bloc's blacklist of tax havens today, according to EU documents and officials. The United…


Italian yields rise on weak data, bond sale, EU criticism

LONDON, Feb 27 — Italian government bonds led a rise in peripheral yields today, pushed higher by disappointing economic data, a debt auction and criticism from the European Commission over the state of Italy's economy. After an initial dip in…


Banking whistleblower’s next crusade: A clean cryptocurrency

MADRID, Feb 8 — One of banking’s most wanted whistleblowers, Frenchman Herve Falciani, has picked unlikely new weapons to fight money-laundering and fraud – cryptocurrency and the blockchain technology behind it. Living in self-imposed exile…


Greece raises €2.5b in first bond sale since bailout

ATHENS, Jan 29 — Greece today raised €2.5 billion (US$2.9 billion) from a five-year-bond, its first since exiting the last bailout, the finance minister said. “This is 36 per cent of our requirements for 2019,” finance minister Euclid…