The combined total last year from institutions, including the Asian Development Bank, is more than double the amount provided in 2019, when MDBs announced their ambition to increase climate finance levels over time at the United Nations Secretary General’s...
The European Investment Bank (EIB) and BNZ have signed a €166 million loan to support the deployment of 17 solar photovoltaic plants across Spain, Italy, and Portugal. This is the first tranche of a €500 million loan approved by the...
BoJ says Japanese economy seeing moderate recovery. The Bank of Japan decided to keep its policy interest rate steady at 0.25%, according to an official statement on Friday. The bank underlined that the Japanese economy has recovered moderately but some weaknesses...
Simon, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced today that its majority-owned operating partnership subsidiary, Simon Property Group, L.P. (the "Operating Partnership"), has amended, restated and extended its...
Standard Chartered’s SC Ventures is a backer of both the SWIAT tokenization blockchain and Olea, the Singapore trade finance startup. Now the two companies are collaborating in the tokenization of trade finance assets. We’ve written about SWIAT many times, especially...
DBS Group Holdings aims to double fees from wealth management by 2027 as more of the world’s affluent investors shift their assets to Asia. DBS’ income from servicing rich clients rose to more than S$2 billion last year, doubling from...
Singapore’s unusual approach to monetary policy will give traders a chance to profit from a narrowing gap between the local currency and US dollar interest-rate swaps. The difference between two-year overnight indexed swap rates in the two currencies is near...
China unexpectedly left benchmark lending rates unchanged at the monthly fixing on Friday, confounding market expectations that were primed for a move after the Federal Reserve delivered an outsized interest rate cut earlier this week. However, market watchers widely believe...
HSBC Holdings cut its key benchmark rate in Hong Kong for the first time since 2019, a move likely to hit margins while bringing relief to homeowners and borrowers in the Asian financial hub. HSBC cut its best lending rate...
Inflation in the U.K. held steady at an annual rate of 2.2% in August, still above the bank’s goal. The Bank of England kept its main interest rate unchanged at 5% Thursday despite a big cut from the U.S. Federal...
