Policymakers aim to make it easier to enter and comply with rules in the U.K. In an effort to boost competition and innovation in its alternative fund sector, the U.K.’s Financial Conduct Authority (FCA) is proposing to overhaul and streamline...
Sovereign wealth fund is slashing budgets for its ambitious mega projects, triggering lay-offs. Saudi Arabia’s Public Investment Fund (PIF) is cutting back on its spending in 2025, as it recalibrates its approach to funding the country’s numerous mega projects and...
PPC presented a EUR 5.8 billion investment plan for the coal region of Western Macedonia in northern Greece. It held the ceremony in the retired Kardia 2 lignite plant. According to PPC’s chairman and CEO George Stassis, the endeavor consists...
Asset-Based Lender Delivers Flexible Financing Solution to Support Hayes Performance Systems' Growth Initiatives. Gibraltar Business Capital (GBC) has provided a $12 million asset-based credit facility to Hayes Performance Systems, a sponsor-backed manufacturer seeking increased liquidity after facing challenges with traditional...
Estimated advisory fees due to M&As rose 42% to $706.5m in the first quarter of 2025. An estimated $5b of investment banking fees were generated in APAC excluding Japan in Q1 2025, 8% year-on-year (YoY) higher, according to data from...
Canal Road Group, LLC (CRG) has secured a new $250 million credit facility agented by Sumitomo Mitsui Banking Corporation (SMBC). The facility will be used to employ back leverage on CRG's private credit portfolio and complements a similar $250 million...
The alliance will enable instant cross-border payments for users in Italy, Portugal, Spain, and Andorra. Payment providers Bancomat, Bizum, and MB Way, operated by SIBS, have begun rolling out instant cross-border payment capabilities in Europe through the European Payments Alliance...
Rebound in China helps offset decline in U.S. activity. Driven by weakness in U.S. equity markets, global equity issuance declined in the first quarter, according to new data from LSEG Data & Analytics. Global equity markets had their weakest opening in...
Hong Kong-headquartered financial services company CITIC Limited has reported an RMB58.2b (approximately $8.019b) profit attributable to ordinary shareholders for the whole year of 2024, its latest financial results showed. This is 1.1% year-on-year (YoY) higher than in 2023, when it...
European regulators call for heightened vigilance to array of risks. Growing geopolitical tensions and rising cyber risks are a threat to financial stability, European regulators are warning. In a joint report, the trio of major financial regulators — the European Securities...
