Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.
Find out more at btsub.sg/promo
[ZURICH] Banks' cross-border lending to China shrank by about US$51 billion during the last three months of 2014, data showed on Thursday, bringing down the year-on-year growth rate to 21 per cent from the 40 per cent seen at the end of September.
The decline in cross-border claims on Russia continued in the fourth quarter, according to data released by the Bank for International Settlements. Adjusted for exchange rates, lending to Russia shrank by about US$20 billion, bringing the year-on-year contraction to 21 per cent.