CHINA LOANS $1.5 BILLION TO PAKISTAN TO PAY THE MONEY IT OWES TO SAUDI ARABIA

Highlights –

• China loans $1.5 billion to Pakistan to pay the money it owes to Saudi Arabia.
• China has not provided the loan to Pakistan from its State Administration of Foreign Exchange.
• China and Pakistan have instead agreed to incre...

TRUMP SIGNS EXECUTIVE ORDER AND ISSUES STIMULUS PACKAGE AS CONGRESS FAILS TO REACH A CONSENSUS

Highlight:

•        The House and Senates are unable to reach an agreement even after 2 weeks

•        Trump had already stated that unless a decision is reached he shall take one himself

Xiaomi Introduces India's Market of Loans With Mi Credit Loans

With Mi Credit, the Chinese electronics giant Xiaomi entered the Indian consumer lending market. Mi Credit is a curated lending marketplace available on both the Google App Store and Xiaomi's GetApps, meaning the company will partner with multiple lending firms to offer personal loans.

CRIF report shows a 34% growth in Home Credit’s market share

The CRIF reported that a local branch of international consumer finance services, operating in Europe and Asia, Home Credit, determined to include India in the finances, was able to maintain growth with sharing market of 34% with up to Rs 10,000 loans in consumption. The aim of Home Credit to pro...