Geopolitical turmoil, inflationary pressures, tight financial conditions are key global risks, says Banco de Mexico. Mexico's central bank kept the target for the overnight interbank interest rate unchanged at 11%. The move came in line with market expectations. Banco de Mexico reduced...
Global Initial Public Offering volume 551 in January-June this year. Global Initial Public Offers (IPO) decreased 12% year-on-year to 551 in the first half of 2024, according to the Audit and Consulting Company, EY. Revenue generated through public offerings also decreased...
Demand for tokenised real-world assets could reach $30.1 trillion by 2034, with trade finance assets making up a significant part of the market, predicts a paper from Standard Chartered and Synpulse. Currently, the tokenised assets sector is mainly made up...
Central banks should embrace artificial intelligence to sharpen their analytical tools in pursuit of financial and price stability, according to the Bank for International Settlements. AI will have a transformative effect on the financial system, labour markets, productivity and economic...
External financing pressure, macro and financial stability risks on Turkish banking sector reduced, rating agency says. The US-based credit rating agency Fitch has revised its outlook for the Turkish banking sector from neutral to improving. The agency stated that external financing...
U.S. corporates’ interest coverage continued decline in Q1. High interest rates are increasingly eating into corporate profits. S&P Global Market Intelligence reports debt service costs consumed a larger share of U.S. corporate profits in the first quarter. For the median investment grade...
The UAE has captured 45.4% of the total foreign direct investments (FDIs) flowing into the Arab states, amounting to AED248.3 billion ($67 billion) in 2023, a report said, citing World Investment Report 2024 by UN Trade and Development (UNCTAD). The...
The financing includes a $249m construction and term loan, a $163m tax equity bridge loan and $101m letter of credit facility. Recurrent Energy, a subsidiary of Canadian Solar, has closed $513m in project finance for its energy storage project in...
UAE’s banking sector, a catalyst for sustained growth, has seen its total assets exceed AED4.25 trillion ($1.16 trillion) at the end of the first quarter (Q1) of 2024, the CEOs Advisory Council of UAE Banks Federation has been apprised. According...
Despite a testing environment, FDI growth for the year remains possible. Prospects for global foreign direct investment (FDI) are “challenging” this year, as the world economy faces weakening growth prospects and a continuation of tensions over trade and geopolitics, according...
