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Australia latest U.S. ally to sign on to new Chinese development bank

Australia moved a big step closer to becoming the latest U.S. ally to buck Obama administration and sign on as a founding member of the China's proposed Asian Infrastructure Investment Bank, according...

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U.S. allies rush to join China's new bank as deadline looms

The rush to join the China's new development bank for Asia has become a stampede, with even longtime U.S. allies such as Georgia, South Korea, Australia and even Taiwan now saying they are ready to...

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Efforts to head off China development bank called a failure

U.S. efforts to head off a new China-sponsored development bank for the booming Asia region ended in abject failure this week as organizers announced nearly four dozen countries — including some of...

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Jim Yong Kim ignores Obama; World Bank boss welcomes new Chinese bank

Count the American head of the World Bank as one more major player ignoring Obama administration concerns to say he welcomes the creation of a major new China-sponsored development bank to fund...

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Christine Lagarde: New China bank a 'no-brainer'

The head of the International Monetary Fund said Thursday that support for the new, China-sponsored development bank is "a no-brainer," despite the clear reservations of the Obama...

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Obama denies trying to subvert China's new bank

The U.S. is not trying to undercut a new China-sponsored infrastructure bank for Asia or pressure allies not to take part, but remains wary that the proposed Asian Infrastructure Investment Bank may...

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China celebrates Asian Infrastructure Investment Bank charter signing with...

The United States won't be there, but dozens of Washington's closest friends and allies will be on hand Monday as China celebrates a diplomatic and economic triumph with the signing of the formal...

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New China bank sets ambitious early goals

Having managed to organize and fund itself despite a cool reception from the Obama administration, China's new Asia Infrastructure Investment Bank is setting some ambitious goals as it prepares for its...

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