AIIB
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BUSINESS
13 states, including US ally Canada, join AIIB
The Asian Infrastructure Investment Bank (AIIB) says it has approved 13 new applications to join it bringing the total membership of the bank which was initiated by China to 70.
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ECONOMY
Iran, 49 states sign Asia bank charter
Iran on Monday joined 49 countries in signing up to the Asian Infrastructure Investment Bank (AIIB), bringing Asia’s largest financial lender a step closer to existence.
BUSINESS
Report: China to have veto at new bank
A new China-led infrastructure bank aims to differentiate itself from other lenders with a leaner, more efficient structure that ultimately gives Beijing veto power over major decisions, people close to the institution say.
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