News Snapshot:
BEIJING: New bank lending in China hit the lowest in nearly four and half years in April as the COVID-19 pandemic jolted the economy and weakened credit demand, central bank data showed on Friday, after it pledged to step up support to ward off a sharper slowdown. Chinese banks extended 645.4 billion yuan ($95.14 billion) in new yuan loans in April, down about 80 percent from 5bn consumer goods business; Wheat ban to curb unregulated trade Updated 12 sec ago May 15, 2022 13:38 India In-Focus — Reliance eyes building $6.5bn consumer goods business; Wheat ban to curb unregulated trade...
