Economists cut global growth outlook to 2.4% in 2025. The United Nations forecast slower global economic growth this year and next, pointing to the impact of the surge in U.S. tariffs and increasing trade tensions. UN economists also cited the volatile...
According to data from the Institute of International Finance (IIF), global debt surged by over $12 trillion in the first three quarters of 2024, reaching a record high of nearly $323 trillion. This sharp increase—driven by falling borrowing costs...
The United States lost its last triple-A credit rating from a major agency Friday as Moody's announced a downgrade, citing rising levels of government debt and dealing a blow to Donald Trump's narrative of economic strength and prosperity. The downgrade...
Clearwell Capital has renewed its partnership with Fasanara Capital and secured £150m in funding from HSBC to enable SME developers to build homes across the UK. The funding takes Clearwell’s residential development financing capacity to over £250m, including £100m from...
Malaysia's economy grew 4.4 per cent in the first quarter of 2025 from a year earlier, below market expectations but in line with government estimates. Economists surveyed by Reuters had forecast annual gross domestic product growth would come in at...
Japan's largest banking group Mitsubishi UFJ Financial Group clocked a record annual net profit even as fourth-quarter profit fell by 41 per cent. MUFG made a net profit of ¥114 billion (US$782.11 million) in the January-March quarter compared to ¥192.8...
Hassana Investment Company and Franklin Templeton have signed a $150m memorandum of understanding to explore a ‘strategic partnership’ targeting Saudi Arabia’s private credit market. Almost 50 per cent of employment across Saudi Arabia comes from mid-sized companies, but those firms...
Underlying business income for Q1 2025 reached a record €466 million, representing a 10% increase compared to Q1 2024. This growth was supported by robust business drivers, including fixed income issuance, increased equity quotations, and increased settlement activity due...
According to Omniscience Capital Report, India has potentially a $3 trillion opportunity in Industrial Sector by 2035. The Industrialsector currently accounts for 27.3% of India's GDP, and is expected to increase its share to more than 30% by 2035....
The Federal Reserve Bank of New York and the Bank for International Settlements (BIS) have published a joint research study that explored how central banks could continue to implement monetary policy operations in tokenised wholesale financial markets. Dubbed Project Pine,...
