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...
United Trust Bank has secured an investment from private equity firm Warburg Pincus, which will take a minority stake in the lender. Subject to regulatory approval, the agreement will help to fund UTB’s expansion and allow it to branch into...
The loan, on a non-recourse basis, will be used for the construction, operation and maintenance of two 4.99 MW Battery Energy Storage System ("BESS") projects to be located in Ontario, with project names SFF 06 and 903 respectively. The...
Daikin Industries Indonesia (DIID) has completed its first full-scale air conditioner (AC) factory in Cikarang, West Java, Indonesia. The 20-hectare facility was built with an investment of Rp 3.3 trillion ($206 million). The investments were raised with the assistance of...
At the Singapore Fintech Festival, representatives from PayerMax and Standard Chartered have discussed a partnership to improve cross-border payments for global brands. The partnership addresses challenges in emerging markets through enhanced compliance frameworks, technological integration, and cooperation between ecosystems. Merchants...
The U.S. energy storage market set new installation records in Q3 2024, according to the latest “U.S. Energy Storage Monitor” report released by the American Clean Power Association’s (ACP) and Wood Mackenzie. This is the highest record for third-quarter installations,...
The emirate has seen an influx of major investment firms as it sharpens its financial services offer. Often overshadowed by Dubai, the UAE’s capital and oil-rich emirate Abu Dhabi has rapidly emerged as a hotbed for international asset managers, family...
In an effort to supercharge Australia’s critical mineral supply chain, the Clean Energy Finance Corporation (CEFC) is investing $75 million in mining-focused alternative investments firm Resource Capital Funds (RFC). This move targets the sustainable production of essential minerals like lithium...
The Bank of Canada cut its policy rate by 50 basis points to 3.25 per cent, a move widely expected by economists and markets. The decision marks the fifth consecutive cut by the central bank this year and the second...
