Lending to nonbank entities like buyout firms and private credit outfits has topped $1 trillion. As the Financial Times (FT) reported, this trend is happening amid concern by regulators that the connections between banks and their nonbank counterparts could present...
Two-thirds of leveraged debt exposed to negative fallout. Companies that account for a large share of European leveraged debt will be negatively affected by rising tariffs, which will intensify ratings pressure for some, says Fitch Ratings. In a new report, the...
Lloyds and non-bank trade finance provider Mercore say they have carried out what is believed to be the first secondary market transactions using digital bills of exchange. Bills of exchange have been used for centuries in trade finance but...
Bank accounts make up 70% of the total assets. Global Islamic finance assets are set to reach $7.5t by 2028, according to estimates by Standard Chartered. In 2024, the Islamic finance industry surpassed $5t in global assets, a 12% rise from...
China cut benchmark lending rates for the first time since October on Tuesday, while major state banks lowered deposit rates as authorities work to ease monetary policy to help buffer the economy from the impact of the Sino-U.S. trade...
The country faces levies of 36% on shipments to the US if a reduction cannot be negotiated before a moratorium expires in July. Thailand’s economy grew more than expected in the first quarter of 2025, data showed on Monday (May...
Hong Kong's economy expanded by 3.1 per cent in the first quarter from a year earlier, the government said, supported by an increase in exports of goods and services, and a resumption of growth in overall investment expenditure. The figure...
The UAE’s banking sector witnessed continued momentum in February, as key indicators of liquidity and credit expanded steadily. Gross banking assets, including bankers’ acceptances, rose by 1.6 percent to 4.63 trillion dirhams ($1.26 trillion), according to data from the Central...
Qatar attracted $2.74 billion in foreign direct investment (FDI) in 2024 through 241 projects, which created 9,348 jobs, according to the Investment Promotion Agency Qatar’s (Invest Qatar) 2024 Annual Report. These results reflect Qatar’s accelerated momentum in transforming its economy...
Economists cut global growth outlook to 2.4% in 2025. The United Nations forecast slower global economic growth this year and next, pointing to the impact of the surge in U.S. tariffs and increasing trade tensions. UN economists also cited the volatile...
