Singapore’s unusual approach to monetary policy will give traders a chance to profit from a narrowing gap between the local currency and US dollar interest-rate swaps. The difference between two-year overnight indexed swap rates in the two currencies is near...
China unexpectedly left benchmark lending rates unchanged at the monthly fixing on Friday, confounding market expectations that were primed for a move after the Federal Reserve delivered an outsized interest rate cut earlier this week. However, market watchers widely believe...
HSBC Holdings cut its key benchmark rate in Hong Kong for the first time since 2019, a move likely to hit margins while bringing relief to homeowners and borrowers in the Asian financial hub. HSBC cut its best lending rate...
Inflation in the U.K. held steady at an annual rate of 2.2% in August, still above the bank’s goal. The Bank of England kept its main interest rate unchanged at 5% Thursday despite a big cut from the U.S. Federal...
HSBC has successfully trialled the first application of quantum-secure technology for buying and selling tokenised physical gold. Last year, HSBC was the first global bank to offer tokenised physical gold to institutional investors using distributed ledger technology (DLT). This year...
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...
