The Swiss National Bank reduced interest rates by 25 basis points, echoing steps to lower borrowing costs by the European Central Bank and US Federal Reserve, and left the door wide open for more rate cuts as inflation cools...
Automotive and semiconductor sectors received most public support, new report finds. The value of incentives to foreign direct investment (FDI) projects reached new highs in 2023, as governments around the world put billions of dollars on the table to secure...
Investing IDR 16 Trillion(USD 1.056 Bi), Inalum-Antam's Smelter Grade Alumina Refinery Officially Injects First Injection. The Smelter Grade Alumina Refinery (SGAR) Mempawah Phase I project in West Kalimantan officially carried out its first injection of bauxite. The President of the Republic...
Reinvested earnings now contribute more to FDI financial flows to the US. Reinvested earnings have become a more prominent source of FDI into the US as the country’s economic growth shores up rates of return while the cost of new...
American Rare Earths (“ARR” or the “Company”) is pleased to announce that its 100% owned subsidiary, Wyoming Rare (USA) Inc. (“WRI”), has received a non-binding Letter of Interest from the Export-Import Bank of the United States (“EXIM”) to provide...
Sweden’s Riksbank cut borrowing costs by a quarter point and raised the possibility of a bigger move in coming months in its bid to spur a listless economy. The central bank reduced its interest rate to 3.25 per cent, and...
Global debt rose by US$2.1 trillion in the first half to US$312 trillion. Global debt hit a record high of US$312 trillion at the end of the second quarter, driven by borrowing in the United States and China, while a...
Indonesian President Joko Jokowi Widodo inaugurated Amman Mineral Internasional's 21 trillion rupiah ($ 1.4 billion) copper smelter in the West Nusa Tenggara province, saying he desired global clients to turn to Indonesia for copper items. The smelter has an input...
The European Central Bank has started issuing fine notices to lenders not meeting its long-defined expectations on disclosing and managing climate risk, Irene Heemskerk, the head of the ECB’s climate change centre. The ECB has long complained that banks are...
China is planning to recapitalise its biggest commercial lenders for the first time in more than a decade, seeking to strengthen the industry battling with record low margins, sinking profits and rising bad debt. At a rare press conference, authorities...
