Reinvested earnings now contribute more to FDI financial flows to the US. Reinvested earnings have become a more prominent source of FDI into the US as the country’s economic growth shores up rates of return while the cost of new...
American Rare Earths (“ARR” or the “Company”) is pleased to announce that its 100% owned subsidiary, Wyoming Rare (USA) Inc. (“WRI”), has received a non-binding Letter of Interest from the Export-Import Bank of the United States (“EXIM”) to provide...
Sweden’s Riksbank cut borrowing costs by a quarter point and raised the possibility of a bigger move in coming months in its bid to spur a listless economy. The central bank reduced its interest rate to 3.25 per cent, and...
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...
