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Finance & Markets

African Export-Import Bank Mulls First Offshore Yuan Loan

African Export-Import Bank is planning a $1 billion syndicated loan that could include an offshore yuan tranche, according to people familiar with the matter, in what would be its first foray into the offshore renminbi market amid growing China-Africa trade ties.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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Pakistan State Oil profit jumps to Rs25.56bn

KARACHI: Pakistan State Oil (PSO) posted a profit after tax of Rs25.56 billion in 1QFY27, with earnings per share of Rs54.44, up from Rs9.39bn and Rs20.00 a year earlier, driven by higher volumes and…

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