About three out of four equity and fixed income funds hold at least one security that breaches the new rules. Asset managers offering environmental, social and governance (ESG) funds in Europe may need to offload close to US$30 billion in...
PAG is setting up a China fund to lure domestic capital and is considering establishing another that will cater to demand from investors outside of North America, according to sources familiar with the matter. Asia’s biggest alternative asset manager raised...
Kazakhstan witnessed an increase in investments in fixed capital, totaling KZT 17.6 trillion ($36.9bn) in 2023. This marked an 11.2% rise compared to the previous year, reflecting robust economic activity in the country. According to data from the Bureau of...
Weak consumer demand, reduced gov’t spending are dragging on growth in China. China’s economy expanded at a slower-than-forecast 4.7% annual rate in the last quarter, the government reported, while emphasizing signs of improvement in factory output, income and investment. The expansion...
SEC’s bid for enhanced oversight rejected amid sector’s rapid growth. Following a legal rebuke to the U.S. Securities and Exchange Commission’s (SEC) efforts to enhance oversight of private funds, the private credit sector will remain opaque at a time when...
The Liquefied natural gas (LNG) trade increased 3.1% globally in 2023 to average 52.9 billion cubic feet per day (Bcf/d), an increase of 1.6 Bcf/d from 2022, according to a report from the International Group of Liquefied Natural Gas...
In the second quarter of this year, Nordea's profit exceeded analysts' expectations, peaking in the second quarter of this year, when the bank made a profit of 1,303 million euros. However, this is 2 percent less than in the same...
Recovery of agricultural exports, real wages, increased cellulose production, easing of financial conditions expected to support growth. Uruguay's economy is expected to grow 3.4% this year and 3% next year, the International Monetary Fund (IMF). "The economy is expected to strongly...
The ongoing deline in fintech investment continues in the first half of 2024 but shows signs of bottoming out, acccording to new figures from Innovate Finance. The total capital invested into fintech globally reached $15.9 billion in H1 2024, a...
Turkmenistan's GDP rose by 6.3% during the first half of this year, according to data presented during an extended meeting of the Cabinet of Ministers on July 12. Deputy Prime Minister Geldimyradov highlighted several key economic indicators. Turkmenistan's GDP growth...
