Capital investment of $5.4 trillion will be required to sustain and expand mining and processing facilities across the globe during the 2024-2035 period, a significant increase of $500 billion over the previous decade (2012-2023), said leading industry experts in...
HQLAᵡ confirmed it was involved in an intraday repo transaction where Goldman Sachs borrowed cash from Clearstream in exchange for collateral held on the HQLAᵡ DLT platform. The transactions were part of the European Central Bank’s (ECB’s) wholesale DLT...
The bank’s revenue for Q4 FY24 amounted to C$15.1bn ($10.73bn), up 19% from C$12.68bn ($9.01bn) in Q4 FY23. Royal Bank of Canada (RBC) has reported a 7% increase in its net income for the fourth quarter of fiscal year 2024...
The value of Norway's sovereign wealth fund, the world's largest, rose to a record 20 trillion crowns ($1.80 trillion) on Friday, doubling its value in just five years as oil and gas revenue flowed in and stock markets rose. Built...
Blue Earth Capital has raised $113m at the first closing of its first evergreen, semi-liquid impact private credit fund. The fund aims to support environmental and social impact initiatives globally while delivering market-rate financial returns. It held its first close in...
Services trade drives 7% growth while developing economies face mixed outcomes amid rising opportunities in ICT and apparel sectors. Global trade is set to hit a historic $33 trillion in 2024, posting a 3.3% annual growth, according to the latest...
Revenue for the quarter totalled $6.62 billion, up from $5.85 billion in the same quarter last year. Canadian Imperial Bank of Commerce raised its quarterly dividend as it reported a rise in revenue and earnings while its provisions for potentially...
Italy's economy stagnated in the third quarter from the previous three months due to a slump in exports and investments, national statistics bureau ISTAT said, confirming provisional data. On a year-on-year basis, third quarter gross domestic product was up 0.4%,...
BNP Paribas Asset Management has launched a Low Carbon Transition Infra Equity Fund targeting €750m from institutional investors such as insurers, pensions funds and corporates. The first vintage of BNPP AM’s low carbon infrastructure equity strategy is supported by BNP...
Australia’s economic growth remained sluggish last quarter as a surge in government spending underpinned the expansion, highlighting the Reserve Bank of Australia’s (RBA) policy challenge as inflation is still stubbornly sticky. Gross domestic product rose 0.8 per cent from a...
