Benchmark deposit rate remains unchanged at 2% for 6th time in a row, at lowest level since November 2022. The European Central Bank (ECB) left its three key interest rates steady and warned that the Middle East war has made...
The Net-Zero Asset Owner Alliance released the fifth version of its Target-Setting Protocol, introducing “transition targets” that allow investors to support high-emitting companies with credible decarbonization plans. The alliance represents 87 institutional investors across 19 countries managing more than $9...
Shipping disruptions through the Strait of Hormuz, one of the world’s busiest maritime corridors, are sending ripple effects far beyond the Middle East, threatening energy markets, freight costs and global supply chains, a United Nations Conference on Trade and...
Global Renewables Alliance launches a five point action plan urging governments to accelerate renewable deployment within the next 36 months. Plan targets permitting reform, grid expansion, financing mobilization, electrification, and supply chain scale up. Industry leaders warn fossil fuel dependence is...
Denominating trade finance costs in renminbi could offer “immediate bottom-line impact” for corporates as their exposure to the currency accelerates, Standard Chartered has said. While many businesses have “significant” renminbi exposure in their supply chains, it is yet to be...
Opportunistic credit’s low correlation to public markets and returns profile mean it may be better suited to institutional investors allocating to private markets than private equity, according to Davidson Kempner. A recent white paper by the $37bn investment firm found...
Advanced manufacturing, connectivity and logistics will anchor the plan. Singapore’s latest budget signals a shift in economic strategy, with the government betting on artificial intelligence (AI) and industry collaboration to drive growth whilst tightening foreign workforce rules. Prime Minister Lawrence Wong...
Royal Bank of Canada has acquired Toronto-based digital mortgage qualification technology provider Pinch Financial. Terms were not disclosed. Pinch operates a platform that verifies borrower information online to help qualify Canadians for a mortgage and submit applications to lenders. Founded in...
Ashtrom Renewable Energy, a global independent power producer and renewable energy developer and subsidiary of Ashtrom Group Ltd., announced today signing of a ~$200 million financing agreement with BHI, the U.S Branch of Bank Hapoalim, B.M., for the construction...
Fears of a private credit-led crisis have been “overstated” and the growth of private credit does not pose a systemic risk to the economy, according to analysts at JP Morgan Private Bank. They observed that while private credit assets under...
