Emerging market emissions rise, offsetting advanced economy improvements. The global economy is falling far short of the decarbonization pace needed to reach net zero by 2050, Fitch Ratings warned in a report. The rating agency said global carbon emissions rose by...
Kingdom Holding Company (KHC), a Saudi conglomerate with interests in key sectors such as hotel management, real estate and equity, has announced that Saudi Binladin Group (SBG) will soon resume the construction work on the mega tower being developed...
Surging debt issuance leads the way, with lending, M&A up too. Amid robust debt issuance and rising syndicated loan activity, global investment banking fees are up 10% so far this year, according to new data from LSEG Data & Analytics. Through...
EMEA represents a bulk of ING's sustainable finance activities. ING Bank has issued $35.37b in sustainable financing in Q2 2024, 30% higher compared to the first quarter period and the same quarter in 2023, the bank said in a report. To...
Global technology consultancy Thoughtworks has collaborated with AI Singapore to develop generative AI (GenAI) and its adoption. The Memorandum of Understanding (MOU) is the second between Thougtworks and AI Singapore, and focuses specifically on accelerating the deployment of AI applications...
Banks around the world will next year start live trials of digital asset and currency transactions over the Swift network. While the Swift network has been used to carry out digital asset transactions in test environments, the move to live...
Blackstone expects the private credit market to balloon to US$30 trillion in size, fuelled by lending for infrastructure projects and greater participation from pension funds. “The opportunity set to finance the real economy, whether that’s credit cards, whether that’s equipment,...
Flex LNG Ltd is pleased to announce that the aggregate $430 million of new financings announced in the Q2-2024 report have been completed according to plan with net proceeds of about $97 million. On September 24, 2024, the new $270...
The company this week announced that it has amended, extended, and upsized its existing from $3.75 billion senior unsecured multi-currency global revolving credit facility to $4.2 billion. The maturity date was extended by three years and total availability was expanded...
STG Logistics, a leading provider of containerized logistics services, announced the successful completion of a $300 million debt and equity financing package. This financing, backed by STG's existing lenders and equity sponsors, will provide the company with significant capital...
