The International Monetary Fund said Pakistan has made “substantial progress” toward meeting policy commitments needed to unlock billions of dollars in loans the country needs to avoid a default.
In the year since Russia invaded Ukraine, roiling energy markets across the globe, China’s appetite for Moscow’s oil, gas and coal has grown apace, with imports rising by more than half.
Venezuela’s Tareck el Aissami resigned as the nation’s oil minister as an investigation escalated into corruption claims inside state-oil company Petroleos de Venezuela SA.
Vladimir Putin said Russia is ready to discuss China’s initiative for ending the conflict in Ukraine, welcoming Chinese President Xi Jinping for a three-day visit that underlines Beijing’s support for Moscow.
Cowell Health, a Chinese drugstore chain backed by Hillhouse Capital, has selected banks for its Hong Kong initial public offering that could raise more than $500 million, according to people familiar with the matter.
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