The Hong Kong Monetary Authority (HKMA) on Thursday cut its base interest rate charged via the overnight discount window by 25 basis points to 4.75%, tracking a move by the US Federal Reserve. Major Hong Kong banks followed with reductions,...
As many as three members voted for a 25 bps cut to the rate, now at 4.75%. The U.K.’s central bank warned Thursday of “heightened uncertainty” as it kept interest rates on hold after inflation moved further above target, even...
South Asian country continues efforts to revive sluggish economy. Pakistan’s central bank cut its key policy rate by 200 basis points to 13%, it said in a statement, for a fifth straight reduction since June as the country keeps up...
Thailand's central bank left its key interest rate unchanged on Wednesday as widely expected, but said global factors would need to be monitored closely in setting monetary policy with heightened uncertainty ahead. The Bank of Thailand's monetary policy committee voted...
Belgian energy director Bnewable, founded in 2022 and specialized in battery systems and energy management for companies, announces a commitment of 40 million euros in fresh growth capital from its existing investors. This new financing will be used to accelerate...
Japanese tech investment firm SoftBank will reportedly invest $100 billion in the United States over the next four years. SoftBank CEO Masayoshi Son announced the investment at President-elect Donald Trump’s Mar-a-Logo residence in Florida and said the money will be...
BOC leverages the opening-up of Chinese capital markets to grow into a more internationalized and multifunctional bank. Considered as the most globalized Chinese bank, Bank of China (BOC) provides a wide range of financial services for clients across onshore and...
Rise in debt led by refinancing activity among higher-rated companies. Total U.S. corporate borrowing hit a new record in the third quarter, according to new data from S&P Global Market Intelligence. The rating agency reported that the total debt load for...
Morgan Stanley is to adopt Wise's technology platform to conduct foreign exchange international settlement for its corporate customers. The deal marks a significant milestone in the growing number of global banks that are choosing to power their cross-border payments through...
With global electricity demand set to grow strongly, new technologies are opening up the massive potential of geothermal energy to provide around-the-clock clean power in almost all countries around the world, according to a new report by International Energy...
