The latest World Economic Outlook (WEO) from the International Monetary Fund (IMF) paints a mixed picture of global economic prospects, with projections largely steady. Global growth is forecasted at 3.2% for 2024, with a slight uptick to 3.3% in...
BNP Paribas is collaborating with China's Ant international on a range of initiatives to boost cross-border payment services for merchants and consumers in Europe. In a Memorandum of Understanding (MoU) BNP Paribas agreed to work with Ant International to enable...
Regulators expected to get tough on non-compliance with climate-related obligations. With banks falling short of expectations to manage and disclose climate risks, European regulators are set to turn up the heat on the banks in the months ahead, suggests Morningstar...
IRENA's latest report shows renewable energy is on track to overtake fossil fuels in global installed power capacity. The world needs to ramp up annual renewable energy capacity growth to 16.4%, up from last year's 14% increase rate, through 2030...
UAE's gross bank assets, including bankers’ acceptances, increased by 1.0% from AED4.25 trillion at the end of March 2024 to AED4.3 trillion ($1.17 trillion) at the end of April 2024, according to the Central Bank of the UAE (CBUAE). Gross...
About three out of four equity and fixed income funds hold at least one security that breaches the new rules. Asset managers offering environmental, social and governance (ESG) funds in Europe may need to offload close to US$30 billion in...
PAG is setting up a China fund to lure domestic capital and is considering establishing another that will cater to demand from investors outside of North America, according to sources familiar with the matter. Asia’s biggest alternative asset manager raised...
Kazakhstan witnessed an increase in investments in fixed capital, totaling KZT 17.6 trillion ($36.9bn) in 2023. This marked an 11.2% rise compared to the previous year, reflecting robust economic activity in the country. According to data from the Bureau of...
Weak consumer demand, reduced gov’t spending are dragging on growth in China. China’s economy expanded at a slower-than-forecast 4.7% annual rate in the last quarter, the government reported, while emphasizing signs of improvement in factory output, income and investment. The expansion...
SEC’s bid for enhanced oversight rejected amid sector’s rapid growth. Following a legal rebuke to the U.S. Securities and Exchange Commission’s (SEC) efforts to enhance oversight of private funds, the private credit sector will remain opaque at a time when...
