Two new 5.25 MW solar farms will be built on Gumatj and Rirratjingu country on the Gove Peninsula in the Northern Territory, as Rio Tinto works to secure a more sustainable power supply for the region beyond mining. The solar...
Global trade trends turned positive in the first quarter of 2024, with the value of trade in goods increasing by around 1% quarter-over-quarter and services by about 1.5%. According to the latest Global Trade Update released by UN Trade and...
Foreign direct investment (FDI) into China from January to May 2024 reached 412.51 billion yuan ($56.81 billion), with the number of newly established foreign-backed companies reaching 21,764, up 17.4 percent year-on-year, China's Ministry of Commerce (MOFCOM) announced. The FDI in...
Lenders too risky, debt-laden companies are increasingly demanding protection from financing manoeuvres used to undercut creditors when times get tough. A recent crop of leveraged loans demonstrates investors’ heightened concern with protecting their assets. In some recent deals, money managers...
Both equity and debt issuance rises in the first six months of the year. Global investment banking picked up in the first half of 2024, with securities issuance rising to a three-year high, according to LSEG Data & Analytics. Equity capital...
Uncertainties like the Chinese real estate crisis call for effective credit risk management. Asia Pacific (APAC) banks need to turn their heads toward non-payment insurance (NPI) to temper declining loan volumes, abundant liquidity, and rising bad debt provisions, particularly in...
Global policymakers are not about to let the Federal Reserve’s delay in cutting interest rates distract them too much from their own easing efforts. Among the 23 of the world’s top central banks featured in Bloomberg’s quarterly guide, only the...
Vietnam's economic growth accelerated in the second quarter on robust exports, government data showed, but rising inflation remained a challenge for the Southeast Asian country. Gross domestic product (GDP) is estimated to have expanded to 6.93% in the second quarter...
BlackRock Inc said that it had entered an agreement to buy British data firm Preqin for 2.55 billion pounds ($3.2 billion), granting the asset manager more space in the alternative investments sector. BlackRock said in a press release that the...
The Bank for International Settlements is to move toward live implementation of Prject Nexus, an initiative that seeks to enhance cross-border payments by connecting multiple domestic instant payment systems globally. The live launch follows an earlier phase of development in...
