A gold mining enterprise worth more than 11 billion tenge (US$24 million) will be launched in the Bayanaul district in the Pavlodar Region by 2027. An investment project plans to mine up to 800,000 tons of gold ore per year...
AI is set to upend the finance industry, adding tens of billions of dollars in profit while leading to the automation of as many as half of jobs in the sector, according to research from Citi. Over half - 54%...
FDI flows reaches $1.3T last year amid economic slowdown, escalating geopolitical tensions. Global foreign direct investment (FDI) flows dropped 2% to $1.3 trillion in 2023 amid an economic slowdown and escalating geopolitical tensions, according to a report from UN's trade...
The European Union (EU) policymakers have renewed calls for cross-border bank mergers, as they look to address the multi-trillion euro investments needed to finance the bloc’s green and digital transformation. A plan for a fully-fledged banking union has stalled and...
It warns that if interest rates rise sharply in a short period of time, financial institutions could incur latent losses on their securities holdings. Japanese financial institutions’ profitability has decreased significantly in the past 25 years, making them vulnerable to...
Asset quality risks are expected to remain contained, Fitch Ratings said. Leading banks in Vietnam are likely to sustain their profitability in the second half of 2024, with their steady margins and higher trading gains expected to offset higher impairment...
Bank-to-bank payment messaging network Swift is working to facilitate interoperability of Verifcation of Payee schemes across Europe as new research shows that 83% of SMEs across France, Germany, Italy and Spain rank upfront beneficiary checks as important to them...
The UAE moved up three places to seventh position in the annual IMD World Competitiveness Ranking this year, as the Arab world’s second-largest economy continues to grow amid its diversification efforts. The country was rated highly for its business-friendly environment,...
UK regulators have ordered Barclays to review its leveraged finance business as concern grows inside the Bank of England over how lenders across the industry are measuring their exposure to the giants of private equity. The central bank’s Prudential Regulation...
Cloud-based investment data management platform Finbourne has raised £55 million. The firm says investment will fund the next phase in its commercial development, including expanding its sales, product and marketing capabilities in the US, UK, Ireland, Singapore and Australia. Established in...
