It will focus on lower-risk funds and has told clients it will not renew their facilities. HSBC is pulling back from riskier private credit lending, becoming the latest bank to rein in exposure to the sector after a string of...
Singapore is the world’s most expensive city for luxury spending for a fourth consecutive year, as prices on items such as watches and jewellery surge around the globe. Zurich climbed to second place, edging out London, while Monaco entered the...
The UK government is exploring ways of accelerating trade digitalisation after an extensive research effort, with recommendations including making digital processes mandatory, establishing a central identity registry and ensuring trade agreements facilitate a move away from paper. In a series...
It notes that macroeconomic uncertainty, geopolitical tensions and elevated interest rates weigh on investor appetite for illiquid assets. Growth in private credit fundraising and deployment in the Asia-Pacific (Apac) region will slow over the next 12 to 18 months, according...
Global wealth hit its fastest growth since 2017 at 10.8% as APAC lagged at half that rate. Asia-Pacific personal wealth rose by 5.9% in 2025, picking up from the previous year of ~3.0%. The region’s growth was slower than Europe, the...
Investors must seek approval for specified ownership changes in nine designated entities. Singapore aims to balance national security with minimising the impact on businesses and investors as it maintains screening requirements for investments in strategically important sectors, according to Dechert's...
The European Investment Bank (EIB) has issued the first distributed ledger technology-native commercial paper on Clearstream’s D7 platform. Unveiled late last year, the D7 DLT platform operates over Google Cloud, promising streamlined issuance and lifecycle management and an immutable and...
Vietnam's economic growth accelerated in the second quarter compared to the first, government data showed on Friday, but its trade deficit widened to a record over the first six months after a surge in imported fuel costs. Gross domestic product...
The global market for sukuk – also known as Islamic investment certificates or Islamic bonds – has surpassed $1 trillion, revealed the London Stock Exchange Group’s (LSEG) 2025 Islamic Investment Review, published on Thursday, 2 July. Shariah – the moral...
Demand for big-ticket, syndicated letters of credit is soaring in the US, those involved in the transactions have said, as utility companies and power grid operators seek credit protection for huge power supply contracts inked with data centre developers. Banks...
