Bloomberg China’s banks are being offered cash and given instructions to lend more, as regulators attempt to support a slowing economy. The banking and insurance regulator has asked financial institutions to “earnestly implement” plans to help reduce financing costs for small firms, saying that big lenders should “take the lead”, according to a statement posted on its website. Meanwhile, the …

Bloomberg The economy of South Korea, which is very reliant on China, may see more adverse impact than previously expected from China’s plan for deleveraging, the Bank of Korea said in a report on Sunday. South Korea’s gross domestic product growth could be 0.3 percentage point less than expected in 2018 and maybe 1.2 percentage point less in 2020 because …

Bloomberg Nigeria revealed plans for a new national airline and said a majority stake could be available to an overseas backer as it seeks know-how and cash to help the startup avoid the fate of former flag carriers. The West African state has no cap on overseas ownership of its airlines and would be prepared to offer more than 50 …