The International Finance Corporation (IFC) has agreed to shoulder half the risk on up to US$1bn of HSBC’s trade assets, to help unlock lending in emerging markets. The assets will be originated by HSBC Asia and include exposures to issuing...
Despite growth, SWF direct investments in climate make up just 0.5% of global total. Sovereign wealth funds (SWFs) significantly increased their direct investments into the green transition through renewable energy and battery projects in 2023, but still comprise a tiny...
Italian export credit agency Sace has signed a US$6bn agreement with the African Development Bank (AfDB) to provide credit protection across a range of critical sectors including energy and infrastructure. The agreement, signed in Morocco last week, aims to establish...
Basel Committee issues new guidance on counterparty credit risk weaknesses. Global banking regulators issued new guidance that aims to address a long-standing industry vulnerability — counterparty credit risk management. The Basel Committee on Banking Supervision published new final guidance that replaces...
The platform is reportedly used by around 40,000 companies globally. Bank of America (BofA) said that its CashPro App will have made over $1t in payment approvals by the end of 2024. In a press release, the bank said that this...
BlackRock has expanded its European offerings by launching one mutual fund and two ETFs designed to capitalise on the potential of artificial intelligence. This AI suite aims to provide investors with long-term opportunities in technology and AI-related companies, highlighting BlackRock’s...
President-elect Donald Trump's return to the White House is seen fuelling a dealmaking revival that could bolster investment banking income to $316 billion globally next year, a jump of about 5.7% on 2024, data seen by Reuters shows. M&A bankers...
A majority of global asset owners are looking to dial up allocation to sustainable investments in the next two years to meet growing demand from stakeholders, in spite of facing challenges related to data, regulations and greenwashing, according to...
While long-term fund inflows decelerated, money market funds (MMFs) experienced a surge in demand, reflecting investor caution amid volatility, according to the European Fund and Asset Management Association’s (Efama) European quarterly statistical report for Q3 2024. Net assets of Ucits...
Japan's economy grew at a faster pace than initially reported in the July-September period thanks to upward revisions in capital investment and exports, keeping alive market expectations for a near-term interest rate hike by the central bank. But a downward...
