Absent reform, region faces serious demographic, productivity challenges. European economic growth potential is poised to slow significantly in the years ahead, driven by population aging and lagging productivity, says Moody’s Ratings. In a new report, the rating agency warned that trend...
Sector to enjoy strong volumes, diversification, helpful regulation: Fitch. The credit rating outlook for global securities exchanges, clearing firms and other components of market infrastructure is strong heading into 2025, says Fitch Ratings. In a new report, the rating agency said...
European bond issuance has reached a record-breaking €1.705 trillion this year, passing the high-water mark previously set in 2020. Debt sales in the region’s publicly-syndicated market hit the milestone, according to data compiled by Bloomberg. The figure includes publicly syndicated...
9fin, the AI-powered analytics platform for debt capital markets, has raised $50m. The new funding will enable 9fin to invest further in its market-leading AI technology, grow its analytics team, and accelerate its expansion in the US. 9fin has established itself...
Lumin Digital, a leading cloud-native digital banking provider, today announced it has raised over $160M. Lumin Digital plans to leverage the funding to accelerate its strategic growth initiatives, focusing on innovation and driving greater value for financial institutions, their members,...
Record Asset Management GmbH (“RAM” or “the Company”), part of Record Financial Group (Record plc) to launch with OWI Group PLC, a global institutional sharia compliant investment platform, the world’s first Deep Tier Supply Chain Sharia-compliant fund with a...
This slowdown is attributed to weak performance in the manufacturing and mining sectors. India's economic growth decelerated to a near two-year low (seven quarters) of 5.4 per cent in the July-September quarter of the current fiscal year, according to data...
GDP report still showed that the American economy is proving surprisingly durable. The American economy expanded at a healthy 2.8% annual pace from July through September on strong consumer spending and a surge in exports, the government said Wednesday, leaving...
The group expects its net interest margin to normalise and see some pressure in Q4. CIMB Group Holdings reported a profit attributable to owners of the parent of $1.33b (RMB5.93b) in the first nine months of 2024, a 12.57% increase...
With 2nd straight month of cuts, base rate is at 2-year low of 3%. The South Korean central bank on Thursday lowered its base interest rate by 25 basis points to 3%, marking the second consecutive monthly cut and the...
