Franklin Templeton has received approval for its first open-ended private markets strategy from the Luxembourg regulator, Commission de Surveillance du Secteur Financier (CSSF). The Luxembourg-domiciled open-ended strategy, launching in early 2025, will offer wealth investors access to a diversified private...
The coming hours will reveal whether this is enough to placate developing countries and small-island states. The Azerbaijani presidency of the COP29 climate talks has finally put a figure on the level of financing the developing world might expect from...
Hong Kong’s total private wealth assets under management rose slightly last year to about HK$9 trillion (US$1.2 trillion), the first annual growth since 2020, according to a report released. Inflows of about HK$341 billion last year were about three times...
Surecomp, a provider of digital trade and supply chain finance solutions, and BNP Paribas and Vanderlande have completed a pilot for corporate-to-bank connectivity developed by Swift and ICC. As part of their collaboration, Surecomp, BNP Paribas, and Vanderlande have piloted...
The global private credit market has reached a record $3 trillion in assets under management (AuM), according to a report by the Alternative Credit Council (ACC), the private credit affiliate of the Alternative Investment Management Association, and consulting firm...
Saudi Arabia’s non-oil exports reached SR79.48 billion ($21.17 billion) in the third quarter of 2024, a rise of 16.76 percent compared to the same period in 2023, according to official data. As reported by the General Authority for Statistics, the...
Call to fully implement global rules follows recent delays, revisions. With banking regulators in several jurisdictions delaying or watering down their adoption of the latest edition of the global capital rules, known as Basel III, the Basel Committee on Banking...
Singapore upgraded its economic outlook for 2024 as third quarter gross domestic product growth beat expectations and initial estimates, helped by stronger semiconductor production and engineering demand. GDP rose 5.4% year-on-year in the third quarter, government data showed, faster than...
Mexico's economy exhibited growth in the third quarter of 2024, with the Gross Domestic Product (GDP) increasing by 1.1% compared to the previous quarter, according to seasonally adjusted figures. This rise marks a positive shift in the country's economic...
Earnings per share is JPY184.72 for the period. Sumitomo Mitsui Financial Group (SMFG) reported a profit attributable to owners of $4.68b (JPY725.17b) in the first six months of FY2024 that ended on 30 September 2024, 37.7% year-on-year (YoY) higher, its...
