The alliance will enable instant cross-border payments for users in Italy, Portugal, Spain, and Andorra. Payment providers Bancomat, Bizum, and MB Way, operated by SIBS, have begun rolling out instant cross-border payment capabilities in Europe through the European Payments Alliance...
Rebound in China helps offset decline in U.S. activity. Driven by weakness in U.S. equity markets, global equity issuance declined in the first quarter, according to new data from LSEG Data & Analytics. Global equity markets had their weakest opening in...
Hong Kong-headquartered financial services company CITIC Limited has reported an RMB58.2b (approximately $8.019b) profit attributable to ordinary shareholders for the whole year of 2024, its latest financial results showed. This is 1.1% year-on-year (YoY) higher than in 2023, when it...
European regulators call for heightened vigilance to array of risks. Growing geopolitical tensions and rising cyber risks are a threat to financial stability, European regulators are warning. In a joint report, the trio of major financial regulators — the European Securities...
JP Morgan leads tops globally underwriter rankings,. The value of global syndicated lending declined in the first quarter, according to new data from LSEG Data & Analytics. The total value of syndicated lending came in at $1.2 trillion to start the...
Outlook uncertain after bonus pool reaches record heights. As Wall Street’s profits rose, the industry’s bonus pool hit a record high in 2024 too, according to new data. The total bonus pool for Wall Street firms hit a record $47.5 billion...
Three-quarters of global renewables capacity additions in 2024 came from solar energy. Solar accounted for the vast majority of newly built renewable power generation capacity in 2024, an indicator that the relatively cheap, flexible clean technology is outstripping beleaguered renewables...
China has an ambitious economic growth target of about 5% for this year. In an address to major global business leaders, Chinese President Xi Jinping urged foreign investors to have faith in China’s business prospects, the latest move to revive...
Janus Henderson and a web3 native asset manager Anemoy’s jointly managed tokenised fund has received an AA+f / S1+ rating from S&P Global Ratings — “the highest ever awarded to a tokenised fund”. The AA+f/S1+ rating from S&P, the second...
The inflow of foreign direct investments (FDI) in Albania rose to 1.58 billion euro last year, compared to 1.50 billion euro in 2023, central bank data showed. In the fourth quarter alone, FDI into Albania rose to 423.1 million euro,...
