The tokens enable collaborator Ant Int’l to reduce settlements into seconds. DBS has launched DBS Treasury Tokens, which uses blockchain technology to enable instant treasury and liquidity management across multiple markets. Made in collaboration with China-headquartered digital finance company Ant International,...
The Standard Chartered loan will be guaranteed by UK Export Finance and Poland’s export credit agency KUKE and supports a solar project in Turkey. Export credit support enables the construction of Turkey’s second-largest solar project to date. Deal supports UK jobs...
Effects likely to be focused on weaker, low-rated issuers. Recent turmoil in global stock markets may shake confidence, but the impact on credit quality is likely to be minimal, says Morningstar DBRS. Growing fears of weakness in the U.S. economy sparked...
Mechanical, electrical exports account for 60% of overall exports. China’s foreign trade reached a new high of $3.5 trillion, up 6.2% year-on-year, in Jan. – July, Beijing-based news agency Xinhua reported, citing official data. China’s exports surged 6.7% year-on-year to $2.01...
Citi has announced the launch of Citi Real-Time Funding (RTF), the newest addition to its real-time treasury suite for corporate clients. Citi Real-Time Funding is now available in Australia, Hong Kong, and the United Kingdom, with plans for expansion...
The American company Strategic Metals (USSM) has received a loan from the Export-Import Bank (USA) in the amount of $ 400 million for a period of 15 years to support the development of its mining and metallurgical project in...
Deutsche Bank AG has sold a portion of a US$600mil loan being used to finance an Australian coal mine’s acquisition to some private credit funds, according to people familiar with the matter. The German lender in recent weeks sold about...
Net interest income is expected to rise by a further JPY100bln(US$ 690 mln). Sumitomo Mitsui Financial Group’s profits rose to a record high in the first quarter of FY2024, doubling from last year’s numbers, its latest financial report showed. Profit attributable...
Standard Chartered announces the successful closing of a six-year USD235 million non-recourse senior secured term green loan facility to fund the development, construction, and operation of a 1.35 million square foot solar photovoltaic manufacturing plant in Wilmer, Texas, USA,...
Growth driven by product taxes, subsidies balance, and activity in construction and real estate. Hungary’s unadjusted gross domestic product (GDP) increased by 1.5% in the second quarter of the year compared to the previous quarter, according to the country’s statistical...
