This is the Fed’s first cut since December, lowering the short-term rate to about 4.1%. The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows...
Artificial intelligence could boost the value of trade in goods and services by nearly 40% by 2040, but without adequate policies it could also exacerbate economic divides, a new World Trade Organization report warned on Wednesday. Lower trade costs and...
Central bank ends three-month streak of rate holds to support slowing economy. The Bank of Canada cut its benchmark interest rate by a quarter point Wednesday as the central bank worries less about inflation risks and more about a slowing...
The central banks of Bahrain and the UAE have decided to cut their overnight deposit rate by 25 basis points. The Central Bank of Bahrain (CBB) said it cut the overnight deposit rate from 5.00% to 4.75%, effective 18th September...
Hong Kong's central bank on Thursday lowered its base interest rate by 25 basis points to 4.50%, tracking a cut by the US Federal Reserve. It was the first easing by the Hong Kong Monetary Authority since a 25 basis...
However, total operating expenses also widened by 5.2%. Standard Chartered Bank (Singapore) Limited’s group net profit for the first half of the year (H1 2025) increased by 13.7% year-on-year (YoY) to US$739.5m. The group’s net interest income dipped 18.4% YoY to...
The private credit market is expected to grow by up to $300bn (£220bn) by 2030, according to new research by Wealth Club. The investment service provider said that 55 per cent of fund managers surveyed think the private credit industry...
GreenIT, an Italian renewable energy joint venture owned by Eni subsidiary Plenitude, and Cassa Depositi e Prestiti holding company CDP Equity, announced that it has signed a €370 million project financing agreement to develop a portfolio of new onshore...
Bridging lender TAB has secured a £500m investment from funds managed by investment manager, AB CarVal. The firm revealed that the facility will support a full-scale launch of a renewed product suite, TAB Mortgage and TAB Bridge. TAB said the institutional...
The global wind industry is expected to add 170 GW of capacity this year with a potential record 70 GW connected in the fourth quarter alone, according to a Wood Mackenzie report. According to the firm’s Global wind power market...
