The financing supports Sun Capital Partners' acquisition of the leading marine and RV aftermarket parts distributor. Wingspire Capital is pleased to provide a $32.5 million revolving line of credit to Northern Wholesale Supply, LLC, which is a leading distributor of...
Sovereign wealth fund Danantara Indonesia and the Qatar Investment Authority (QIA) will jointly manage a US$4 billion fund to invest in projects aimed at accelerating Indonesia's economic development. Indonesia and Qatar will each contribute US$2 billion to the fund, which...
The central bank moves to counter Trump’s tariff threats and mounting economic uncertainty. The European Central Bank cut interest rates Thursday for the seventh time to counter worries about economic growth fuelled by President Donald Trump’s tariff onslaught. The bank’s move...
Weaker global growth, higher inflation, uncertainty add risk. Emerging markets face growing risks from the fallout of a global trade war and intensifying U.S. policy uncertainty, says Fitch Ratings. In a new report, the rating agency said that the global economic...
Beijing has put boosting consumption as the top priority this year as they try to cushion the impact of the Trump administration’s tariffs on its trade sector. China’s first-quarter economic growth outstripped expectations, underpinned by solid consumption and industrial output,...
The Net Zero Banking Alliance (NZBA) has scrapped a requirement for members to align their lending portfolios with a target of keeping global warming to 1.5°C, instead deciding to allow a wider range of pathways to achieving net-zero in...
Regulation addresses liquidity, stability risks revealed by pandemic. European securities regulators have issued new guidance and standards for fund managers on the use of liquidity management tools — a key response to the stability risks that were exposed by the...
Downgrades outnumber upgrades in Q1, reversing prior quarter’s trend. The trend in corporate credit ratings was modestly negative in the first quarter and the balance of rating outlooks is negative too, according to Fitch Ratings. In a new report, the rating...
Patagonia Gold said it has secured an investment of $40 million to support the development of its flagship Calcatreu project in Rio Negro, Argentina. According to the Canadian gold junior, the investment is being led by Argentine businessman Carlos J....
Regulator opens first foreign outposts to help firms navigate U.K. regime. As part of its strategy to drive growth in its financial industry and attract more foreign players, the U.K.’s Financial Conduct Authority (FCA) is establishing new footholds in the...
