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World Bank shareholders back $13 billion capital increase

WASHINGTON (Reuters) – The World Bank’s shareholders on Saturday endorsed a $13 billion paid-in capital increase that will boost China’s shareholding but bring lending reforms that will raise borrowing costs for higher-middle-income countries, including China. World Bank President Jim Yong Kim attends the Development Committee meeting during the IMF/World Bank …

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World Bank says shareholders endorse capital increase

WASHINGTON (Reuters) – The World Bank said on Saturday its shareholders had endorsed a $13 billion paid-in capital increase, a series of internal reforms and a set of policy measures to strengthen the international lender’s capabilities. World Bank President Jim Yong Kim attends the Development Committee meeting during the IMF/World …

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U.S. regulator permits China’s ZTE to submit more evidence

NEW YORK (Reuters) – The U.S. Commerce Department has granted ZTE Corp’s (000063.SZ) (0763.HK) request to submit more evidence after the agency banned American companies from selling to the Chinese technology firm, a senior Commerce official said on Saturday. FILE PHOTO – Visitors pass in front of the Chinese telecoms …

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