Global debt rose by US$2.1 trillion in the first half to US$312 trillion. Global debt hit a record high of US$312 trillion at the end of the second quarter, driven by borrowing in the United States and China, while a...
Indonesian President Joko Jokowi Widodo inaugurated Amman Mineral Internasional's 21 trillion rupiah ($ 1.4 billion) copper smelter in the West Nusa Tenggara province, saying he desired global clients to turn to Indonesia for copper items. The smelter has an input...
The European Central Bank has started issuing fine notices to lenders not meeting its long-defined expectations on disclosing and managing climate risk, Irene Heemskerk, the head of the ECB’s climate change centre. The ECB has long complained that banks are...
China is planning to recapitalise its biggest commercial lenders for the first time in more than a decade, seeking to strengthen the industry battling with record low margins, sinking profits and rising bad debt. At a rare press conference, authorities...
The combined total last year from institutions, including the Asian Development Bank, is more than double the amount provided in 2019, when MDBs announced their ambition to increase climate finance levels over time at the United Nations Secretary General’s...
The European Investment Bank (EIB) and BNZ have signed a €166 million loan to support the deployment of 17 solar photovoltaic plants across Spain, Italy, and Portugal. This is the first tranche of a €500 million loan approved by the...
BoJ says Japanese economy seeing moderate recovery. The Bank of Japan decided to keep its policy interest rate steady at 0.25%, according to an official statement on Friday. The bank underlined that the Japanese economy has recovered moderately but some weaknesses...
Simon, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced today that its majority-owned operating partnership subsidiary, Simon Property Group, L.P. (the "Operating Partnership"), has amended, restated and extended its...
Standard Chartered’s SC Ventures is a backer of both the SWIAT tokenization blockchain and Olea, the Singapore trade finance startup. Now the two companies are collaborating in the tokenization of trade finance assets. We’ve written about SWIAT many times, especially...
DBS Group Holdings aims to double fees from wealth management by 2027 as more of the world’s affluent investors shift their assets to Asia. DBS’ income from servicing rich clients rose to more than S$2 billion last year, doubling from...
