JP Morgan says South African telecommunications provider MTN SA has become the first customer to use the bank’s digital bill of exchange product. The product, which uses Swedish digital trade fintech Enigio’s trace: original solution, aims to reduce risk...
Hong Kong’s asset and wealth management industry assets grew 13% year-on-year to HK$35.1 trillion (US$4.53 trillion) last year as net inflows surged 81% to HK$795 billion. According to the Securities and Futures Commission (SFC), the findings coincide with the Boston...
Robust trading activity amid high market volatility boosts banks’ earnings. Driven by strong trading revenue that benefited from market volatility, the big Wall Street banks posted strong second quarter results, Moody’s Ratings reports. The large U.S.-based global investment banks — Bank...
Policy and market disruptions hit solar funding hard, yet strategic acquisitions surged in H1 2025. Total corporate funding in the global solar sector fell to $10.8 billion in the first half of 2025, a 39% decline year-over-year (YoY). The drop...
HSBC has launched ‘Receivables Advantage’, an enhanced non-recourse receivables finance solution designed to help large corporates unlock working capital, transfer buyer credit risk, and strengthen balance sheet resilience. The receivables solution enables businesses to unlock cash from their receivables on...
The Federal Reserve Financial Services (FRFS) has formally transitioned the Fedwire® Funds Service to ISO 20022 messaging, replacing the legacy Fedwire Application Interface Manual (FAIM) format, which is no longer supported. The migration aligns Fedwire with global payment system modernisation...
Goods trade up 5.3% yearly, 3.6% quarterly in Q1 as imports surge 13.4% in North America in anticipation of tariff hikes. The World Trade Organization (WTO) reported that global merchandise trade expanded 5.3% on a yearly basis in the first...
The global market for smart buildings is set to grow by at least 21.8% this year, reaching between $117 billion and $252 billion, thanks to the deployment of artificial intelligence (AI), the Internet of Things (IoT) and advanced data...
The tanker owner Hafnia has signed a $715m revolving credit facility secured by a modern fleet of 32 product tankers. The facility, established in partnership with a syndicate of 11 banks, has a very competitive margin with a tenor of...
It also trims the overnight deposit and lending facility rates to 4.5% and 6%, respectively. Indonesia’s central bank cut its benchmark interest rate for the third time this year, shortly after the country finalised a trade deal with the US...
