Jupiter Power LLC, a leading developer and operator of utility-scale battery energy storage systems, announced today the successful close of a $225 million corporate credit facility. The transaction strengthens Jupiter Power's ability to advance its expanding U.S. portfolio, which...
China’s largest lenders posted a rise in third-quarter profits, although margins were slimmer for some. The frontrunner was Agricultural Bank of China (AgBank), which reported a 5.88 per cent rise in third quarter net profit. Four of the country’s other biggest...
The U.S. economy posted another solid though slightly disappointing period of growth in the third quarter, propelled higher by strong consumer spending that has defied expectations for a slowdown. Gross domestic product, a measure of all the goods and services...
Inflation expected falling to central bank's 2%-3% target range by end of 2025, from 3.5% in 3Q24. Fitch Ratings said it affirmed Australia's long-term foreign currency issuer default rating at 'AAA' with a stable outlook. The rating agency said Australia's rating...
Hong Kong's economy grew by 1.8 percent in the third quarter on a year-on-year basis, according to official figures released. Growth was slower than the previous two quarters – the second quarter saw a 3.2 percent expansion and first quarter...
The aggregate market capitalization (MCap) of the top 25 global banks went up by 4% to $4.27 trillion quarter-on-quarter (QoQ) during the third quarter (Q3) ended 30 September 2024. This growth was fueled by interest rate cuts from several...
Profit comes in above estimate of $760M as Switzerland’s largest bank records high profits for 3rd consecutive quarter. Switzerland’s largest bank UBS Group AG announced a $1.43 billion in profit in the third quarter of the year on Wednesday, well...
Gold demand climbed 5% to 1,300 tons as investors seek safe haven amid geopolitical tensions, US political uncertainty. Global gold demand rose 5% on an annual basis in the third quarter of the year to a little over 1,300 tons,...
Project Mandala has now reached proof of concept stage. The Bank of International Settlements (BIS) along with partner central banks from Singapore, Australia, Malaysia, and South Korea, have successfully demonstrated that regulatory compliance can be embedded in cross-border transaction protocols...
UN Trade and Development (UNCTAD) projected global economic growth to stagnate at 2.7% in 2024 and 2025, marking a sustained drop from the 3% annual average seen between 2011 and 2019 and well below the 4.4% average in the...
