An independent inquiry commissioned by the World Bank had concluded that she played a central role in manipulating data to placate China.
Tag: Foreign Investments
China Evergrande’s Shares Are Halted as Doubts Swirl
The property giant, which cited a pending “major transaction,” owes billions. Investors worry that a collapse could hit broader markets.
Inquiry finds World Bank officials, including now-I.M.F. chief, pushed staff to inflate China data.
An investigation focused on accusations that top World Bank officials pressured the team conducting an annual survey to improve China’s standing.
Russia Doesn’t Send U.S. Investor to Jail but Still Sends a Warning
Michael Calvey had long championed investing in Russia. His conviction on embezzlement charges alarmed business leaders, even if his sentence spared him prison.
Italy’s Mr. Fix-It Tries to Fix the Country’s Troubled Justice System — and Its Politics, Too
The issue has become a test for whether Prime Minister Mario Draghi can really change Italy.
China Moves Against Education Companies, Causing Shares to Plunge
Beijing’s latest regulatory move in the tech sector requires online tutoring firms to become nonprofit institutions.
After Years as a Battleground, Investment Boom Lifts Iraqi City
Ramadi was the site of some of the fiercest fighting against U.S. troops during the Iraq war, then came a devastating fight with ISIS. Now, it’s emerging as one of Iraq’s most stable cities.
China’s Biggest ‘Bad Bank’ Tests Beijing’s Resolve on Financial Reform
Chinese regulators say they want to clean up the country’s financial system, but a state-owned conglomerate may ultimately get in the way.
U.S. Imposes Stiff Sanctions on Russia, Blaming It for Major Hacking Operation
After years of wrist slaps under President Donald J. Trump, the new measures are intended to have a noticeable effect on the Russian economy.
China, With $400 Billion Iran Deal, Could Deepen Influence in Mideast
The countries signed a sweeping pact on Saturday that calls for heavy Chinese investments in Iran over 25 years in exchange for oil — a step that could ease Iran’s international isolation.