Australia’s economic growth remained sluggish last quarter as a surge in government spending underpinned the expansion, highlighting the Reserve Bank of Australia’s (RBA) policy challenge as inflation is still stubbornly sticky. Gross domestic product rose 0.8 per cent from a...
Figures show US, UK make up largest FDI recipients, investors. EU-based investors’ net foreign direct investment (FDI) stocks in non-EU countries totaled €9.2 trillion ($9.7 trillion) in 2023, down 4.1% year-on-year, according to the Eurostat statistical bureau on Tuesday. The US...
Hong Kong’s Financial Services Development Council (FSDC), a government think tank, has released a report outlining recommendations on how to leverage the city’s financial muscle to develop transition finance in the fight against climate change. Among other things, it says...
Scotiabank says it expects to see continued loan pressure and political uncertainty in the months ahead as it reported profits that were up from a year ago but below analyst expectations. The bank kicked off a week of bank earnings...
European asset managers face dilemmas over ESG priorities, including nuclear energy and military investments, according to the debut edition of the Funds Europe Asset Managers’ Carbon Impact Research Report. The report shed light on the challenges of integrating debatable issues...
Absent reform, region faces serious demographic, productivity challenges. European economic growth potential is poised to slow significantly in the years ahead, driven by population aging and lagging productivity, says Moody’s Ratings. In a new report, the rating agency warned that trend...
Sector to enjoy strong volumes, diversification, helpful regulation: Fitch. The credit rating outlook for global securities exchanges, clearing firms and other components of market infrastructure is strong heading into 2025, says Fitch Ratings. In a new report, the rating agency said...
European bond issuance has reached a record-breaking €1.705 trillion this year, passing the high-water mark previously set in 2020. Debt sales in the region’s publicly-syndicated market hit the milestone, according to data compiled by Bloomberg. The figure includes publicly syndicated...
9fin, the AI-powered analytics platform for debt capital markets, has raised $50m. The new funding will enable 9fin to invest further in its market-leading AI technology, grow its analytics team, and accelerate its expansion in the US. 9fin has established itself...
Lumin Digital, a leading cloud-native digital banking provider, today announced it has raised over $160M. Lumin Digital plans to leverage the funding to accelerate its strategic growth initiatives, focusing on innovation and driving greater value for financial institutions, their members,...
