Country's gross domestic product was $358B in July-Sept. Türkiye's economy grew by 2.1% in the third quarter of 2024 on a yearly basis, official figures showed on Friday. The country's gross domestic product at current prices reached 11.89 trillion Turkish liras...
The diamond industry, once a symbol of timeless stability, finds itself in a state of flux as prices for natural diamonds hit multiyear lows, driven by a mix of evolving consumer preferences, geopolitical upheaval, and the meteoric rise of...
The global energy transition, projected to cost €190 trillion by 2050, could see cost reductions of nearly 25% through the use of de-risking instruments, enabling innovative approaches to financing and refinancing green projects, according to a Deloitte study. Key investments...
Both goods, services trade activity rose after mixed second quarter. While global trade is now facing a looming threat posed by planned U.S. tariffs, merchandise and services trade across the G20 expanded last quarter, according to new data from the...
The lender says the improved results came amid strong growth in non-interest income, driven by improved core fees and insurance performance. Maybank’s net profit for the third quarter ended Sep 30, 2024, amounted to RM2.5 billion (US$559,9 million), up 7.6...
Franklin Templeton has received approval for its first open-ended private markets strategy from the Luxembourg regulator, Commission de Surveillance du Secteur Financier (CSSF). The Luxembourg-domiciled open-ended strategy, launching in early 2025, will offer wealth investors access to a diversified private...
The coming hours will reveal whether this is enough to placate developing countries and small-island states. The Azerbaijani presidency of the COP29 climate talks has finally put a figure on the level of financing the developing world might expect from...
Hong Kong’s total private wealth assets under management rose slightly last year to about HK$9 trillion (US$1.2 trillion), the first annual growth since 2020, according to a report released. Inflows of about HK$341 billion last year were about three times...
Surecomp, a provider of digital trade and supply chain finance solutions, and BNP Paribas and Vanderlande have completed a pilot for corporate-to-bank connectivity developed by Swift and ICC. As part of their collaboration, Surecomp, BNP Paribas, and Vanderlande have piloted...
The global private credit market has reached a record $3 trillion in assets under management (AuM), according to a report by the Alternative Credit Council (ACC), the private credit affiliate of the Alternative Investment Management Association, and consulting firm...
