Aclara Resources said the U.S. Export-Import Bank had issued a letter of interest indicating it may provide up to $750 million in financing for the miner’s planned rare-earth separation, metals and alloys facility in Louisiana. The development comes as the...
China added the most gold to its reserves since 2023, accelerating purchases in August even as bullion prices surged. Holdings at the People’s Bank of China, one of the world’s biggest official-sector buyers, rose by 650,000 ounces, according to data...
The UAE has established its position as a global hub for trade and investment, underpinned by an open, agile and multi-partnership economy, advanced infrastructure with the country’s non-oil foreign trade exceeding AED1.9 trillion ($517.36 billion) during the first half...
The gain took the ranking back above $2.5 trillion for the first time since February when gold stocks were shining brightest thanks to bullion trading close to $1,000 per ounce above today’s levels. Gold started the month at $4,043...
Insurance assets’ growth outpaced that of banks during the quarter. The total assets of China’s financial institutions rose 7.7% year on year (YoY) to $83.77t (CNY562.2t) by the end of the second quarter of 2026, according to data from the...
Ayvens’ Belgian operating business is preparing a new asset-backed securitisation built on €270m of electric-vehicle lease receivables, forming part of a €516m collateral pool that also contains vehicle residual values. KBRA assigned a preliminary rating on 7 September to the...
The Maldives has agreed a new five-year trade-finance framework with the International Islamic Trade Finance Corporation that could mobilise up to US$1.5bn for public and private-sector trade between 2026 and 2031. The agreement gives the import-dependent island economy a renewed...
August delivered another exceptionally strong month for global securities lending markets, with total revenues reaching $1.79 billion, an increase of 23% year-on-year (y/y), while average balances climbed 34% to $4.2 trillion, according to S&P Global Market Intelligence data. Growth was...
Caution among investors led to a 46% reduction in wealthtech funding in Q2 this year. According to FinTech Global Research, the funding fell from $343.2 million in Q1 to just $185 million. The statistics continue a decline in funding levels from...
Global banks BNP Paribas and HSBC have completed the first corporate treasury payments using Swift’s blockchain-based ledger for Siemens. The transaction moved money from Siemen’s euro account with BNP in France to HSBC’s sterling account in the UK. The pilot transaction...
