The use of “better leverage” in reference to the role of the market at the twice-a-decade event – formally known as the third plenum of the party’s 20th Central Committee – slightly deviates from rhetoric used at the same gatherings in 2013 and 2018, when the market was granted a “decisive role” in resource allocation. … Read more
Beijing is angling to revive confidence in private entrepreneurs and foreign investors via a renewed campaign for a unified national market and better business environment – an essential task to fulfil its ambitious expansion target of around 5 per cent and ensure economic stability in 2024. In his maiden government work report on Tuesday, Premier … Read more
New Delhi | Mumbai: Vedanta Resources, the London-based parent of India’s oil-to-metals conglomerate Vedanta, is close to finalizing a $1.25 billion loan availed jointly from Standard Chartered Bank and Cerberus Capital Management that could help it avert a default on bonds due in January, said people aware of the matter. Standard Chartered Bank will underwrite … Read more
