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China has lent Pakistan $1 billion to boost the South Asian country's plummeting foreign currency re
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air force mid on of another International Monetary Fund bailout.The latest loan highlights Islamabad's growing dependence on Chinese loans to buffer its foreign currency reserves, which plunged to $9.66 billion last week from $16.4 billion in May. The lending is the outcome of negotiations for loans worth $1-$2 billion that wa
airmax plus s first reported by Reuters in late May, the two sources told Reuters. Yes, it is with us, said one finance ministry source, in reference to the Chinese money. The second source added that the matter stands complete .Another $1 billion loan makes its way from ChinaWith the latest loan, China's lending to Pakistan in the fiscal year that ended in June breached $5 billion. In the first 10 months of the fiscal year China lent Pakistan $1.5 billion in bilateral loans, according to a finance mini Gbxe ATP Cup ideal preparation for Australia Open says Djokovic after guiding Serbia into quarters
International Business Machines is splitting itself into two public companies, capping a years-long effort by the world rsquo s first big computing firm to diversify away from its legacy businesses to focus on high-margin cloud computing.IBM will list its IT infrastructure services unit, which provides technical support for 4,600 clients in 115 countries and has a backlog of $60 billion, as a separate company with a new name by the end of 2021.The new company will have 90,000 employees and its leadership structure will be decided in a few months, Chief Financial Officer James Kavanaugh told Reuters.IBM, which currently has more than 352,000 workers, said it expects to record nearly $5 billion in expenses related to the separation and operational changes.Google must talk to French publishers about paying for their content, court saysInvestors cheered the surprise move by Chief Executive Officer A
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