Synthetic settings cease, marking last step in major benchmark reform. Once the world’s most important financial benchmark, the London Interbank Offered Rate (LIBOR) is now kaput. The remaining LIBOR settings were published for the final time on Monday, and the benchmark...
Governments around the world have earmarked almost $2 trillion in direct investment support for clean energy since 2020, a new International Energy Agency (IEA) report revealed. The first edition of the report – State of Energy Policy 2024 – said...
China's external financial assets topped 9.79 trillion U.S. dollars at the end of June, official data showed on Monday. The external financial liabilities stood at over 6.8 trillion dollars at the end of June, resulting in nearly 2.99 trillion dollars...
JP Morgan tops global league tables. Despite a weaker third quarter, global equity issuance is still up on an annual basis — and debt market activity remains stronger too, according to LSEG Data & Analytics. Through the first nine months, equity...
UK's GDP expands by 0.7% year-on-year in April-June period. The UK economy has grown annually by 0.7% in the second quarter, below forecast, according to the Office for National Statistics (ONS) data. The UK's economy narrowed by 0.2% in the last...
Current-dollar personal income up to $315.7B in Q2, says official US figures. The world's largest economy, the US, expanded by 3% in the second quarter of 2024, according to the Bureau of Economic Analysis' third reading. Compared to the first quarter,...
The Luxembourg private debt fund market has reached a significant milestone, with assets under management (AuM) surpassing €500 billion, according to the 2024 KPMG Private Debt Fund Survey commissioned by the Association of the Luxembourg Fund Industry (Alfi). The survey...
It keeps its regional crown for the South-east Asia, East Asia and Oceania category. Singapore has risen to fourth place globally in this year’s Global Innovation Index (GII), retaining its top spot in the regional South-east Asia, East Asia and...
EU ETS is the world’s first carbon emissions trading scheme. DBS has unveiled a suite of financing and hedging solutions, aimed at helping companies manage their climate obligations under the European Union Emissions Trading System (EU ETS). The solutions reportedly enable...
The Swiss National Bank reduced interest rates by 25 basis points, echoing steps to lower borrowing costs by the European Central Bank and US Federal Reserve, and left the door wide open for more rate cuts as inflation cools...
