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(Reuters) - SoftBank Group's Vision Fund had invested in a $2.5 billion private equity fund set up by former U.S. Treasury secretary Steven Mnuchin, the Financial Times.
IMF nations approve record US$650bil to aid virus fight
VENICE, Italy: G20 finance leaders recognized carbon pricing as a potential tool to address climate change for the first time in an official communique on Saturday, taking a tentative step towards promoting the idea and coordinating carbon reduction policies.
NEW DELHI (Reuters) - India's annual budget in February was lauded by many and raised hopes it would drive a sharp economic revival, but there are now fears that its promise may fall flat as it did not account for a crippling second wave of COVID-19 infections.
WASHINGTON: Taiwan and Thailand risk joining Vietnam and Switzerland in running afoul of U.S. currency manipulation triggers in Treasury Secretary Janet Yellen's first foreign exchange report, expected this week, but whether she applies that label is unclear.
NEW YORK: The International Monetary Fund’s (IMF) board conveyed broad support for drafting a proposal to create US$650bil (RM2.68 trillion) in additional reserve assets to help developing economies cope with the pandemic, with an eye on considering a formal plan by June.
Biden administration faces pressure to respond to frenzy
HONG KONG (AFP): Asian markets mostly enjoyed fresh gains Thursday (Jan 14) as investors await Joe Biden's proposals for a vast new stimulus as well as comments from the head of the Federal Reserve on its policy outlook.
NEW YORK (Bloomberg): US officials deliberated but ultimately decided against banning American investment in Alibaba Group Holdin and Tencent Holdings, a person familiar with the discussions said, removing a cloud of uncertainty over Asia’s two biggest corporations.