Modalku Group has obtained a credit facility worth US$ 100 million from the HSBC ASEAN Growth Fund. In a press release, Kelvin Teo, Co-founder and Group CEO of Funding Societies Modalku said that HSBC's continued support is proof of its...
The global mutual fund market is worth $63t. Swift, UBS Asset Management, and Chainlink have completed a pilot for settling tokenised fund subscriptions and redemptions over Swift’s network, which connects more than 11,500 financial institutions worldwide. This initiative allows digital asset...
The capital is set to improve the company's mining activities and support its expansion in the area. Asante Gold has unveiled plans to raise $525m through a two-stage financing package to support expansion and operational improvement strategies at its Ghanaian...
The Indonesian economy grew at a slower pace of 4.95 percent year-on-year (yoy) in the third quarter of 2024, according to the National Statistics Agency (BPS). The economy grew by 5.11 percent yoy in Q1-2024 but then slowed to 5.05...
Physical risks and transition risks grow as governments fail to curb emissions, Moody’s warns. The latest data on global greenhouse gas emissions signal growing climate-related credit risks as countries fall far short of their commitments to curb emissions, says Moody’s...
The £395 million finance package for the Thurrock project was provided by a syndicate of six major banks. Energy storage developer Statera Energy has announced that it has secured a total of £395 million in finance for a major battery...
Ignitis Group, an integrated renewable energy company in Lithuania, announced that it has signed a 20.7 million euro financing agreement with Swedbank to refinance the obligations of EURAKRAS, its subsidiary managing a 24 megawatt (MW) wind farm in the...
The UK has joined a growing list of countries using their export credit agencies (ECAs) to gain an advantage in the global tussle over the supply of critical minerals. UK chancellor Rachel Reeves announced that companies supplying critical minerals to...
Denmark's economic growth expected 2.3% in 2024, 2.6% in 2025, 1.9% in 2026. Fitch Ratings said it affirmed Denmark's long-term foreign currency issuer default rating at 'AAA' with a stable outlook. The rating agency said Denmark's rating is supported by a...
Lending income at Spain's Caixabank came under pressure in the third quarter from lower interest rates, even while the lender reiterated its high single-digit growth guidance for 2024 because of controlled funding costs. While interest rates were rising, Spanish banks...
