The Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is expected to be a steady easing of monetary policy with a larger-than-usual reduction in borrowing costs that followed growing unease about...
Viola Credit, a global asset manager focused on providing asset-based lending solutions to the innovation economy, today announced a strategic joint venture with Cadma Capital Partners ("Cadma"), an affiliate of Apollo Global Management ("Apollo") that specializes in financing solutions...
The fund aims to accelerate the use of hydrogen and scale its supply chain. MUFG Bank has signed an agreement to invest in the Japan Hydrogen Fund as a major LP investor. The Japan Hydrogen Fun focuses on investments in hydrogen...
Most of the largest commercial banks in the world are lagging behind in implementing effective measures to climate-proof their operations and those of the businesses they finance , according to a Large Language Model ranking developed by Climate X...
While total revenue reaches 8-year-high, European contractors generate highest international revenue. The world’s largest contracting firms reached a revenue of $499.7 billion in 2023, an eight-year high, according to the Engineering News-Record (ENR) magazine’s Top 250 International Contractors list, compiled...
Spain-domiciled Santander and Atitlan, an influential business group in the Iberian Peninsula, have launched a €500 million global investment platform dedicated to agricultural projects. The platform, dubbed Atgro, is a private equity fund that has secured initial contributions of...
Rate cuts will initially be a credit negative for most U.S. banks, Moody's Ratings said. The Federal Reserve’s expected interest rate cut later this week could create new challenges — and opportunities — for banks over the coming months. Rate cuts...
Strong fiscal, external balance sheets balanced against heavy dependence on oil, generous welfare system, large public sector, says rating agency. Fitch Ratings said it had affirmed Kuwait's long-term foreign currency issuer default rating at AA- with a stable outlook. The rating...
Germany's medium-term economic growth prospects weak, however, reflecting long-standing structural challenges, says rating agency. Fitch Ratings said it affirmed Germany's long-term foreign-currency issuer default rating at AAA with a stable outlook. The rating reflects Germany’s diversified, high value-added economy and strong...
Trillions of US dollars of bank finance to fossil fuel companies is being routed via opaque financial centres in several countries, including the Netherlands, research published. The study by Tax Justice Network, which campaigns against tax havens, highlights a lack...
