Some Chinese institutions borrow at 50% rate as liquidity squeezed
SHANGHAI (Reuters) – Overnight borrowing costs for some Chinese financial institutions jumped to as high as 50% on Tuesday, as a month-end scramble for cash squeezed liquidity and stressed money markets. In…
EU won’t borrow more to counter U.S. green subsides -draft document
By Jan Strupczewski BRUSSELS (Reuters) – The European Commission will not propose any new joint EU borrowing on Wednesday when it presents ideas on how to support Europe’s green industry facing Chinese…
Indian government to borrow a record 16 trillion rupees in fiscal 2023/24 – Reuters poll
By Vivek Mishra BENGALURU (Reuters) – The Indian government will borrow a record 16 trillion rupees ($198 billion) in the fiscal year to March 2024, according to a Reuters poll of economists,…
Kenya won’t borrow at more than 10% interest: President Ruto
NAIROBI (Reuters) -Kenya’s government will no longer borrow any money at interest rates of more than 10%, President William Ruto said on Friday, adding that the cost of debt had become impossibly…
Exclusive-Greece to borrow up to 8 billion euros from bond markets in 2023
By Lefteris Papadimas ATHENS (Reuters) – Greece plans to raise up to 8 billion euros ($7.91 billion) from debt markets in 2023 by issuing new short- and long-term issues, two government sources…
China makes it easier for firms to borrow from overseas as yuan drops
SHANGHAI (Reuters) – China’s central bank and foreign exchange regulator on Tuesday raised the cross-border macro prudential adjustment ratio for corporates and financial institutions, making it easier for domestic firms to raise…
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