Trina Solar (Luxembourg) Holdings S.A.R.L., a subsidiary of Trina Solar Co., Ltd., has secured a €150 million revolving credit facility from Banco Santander to accelerate the growth of its downstream division, Trinasolar International System Business Unit ('ISBU') focusing on...
Today Swift outlined its vision for digital assets and payments. That includes potentially supporting the settlement of digital asset transactions using the Swift network. However, the first step will be to enable “multi-ledger Delivery-versus-Payment (DvP) and Payment-versus-Payment (PvP) transactions on...
Productivity for US tech companies surged nearly 40% since 2005 but little changed for European companies, says report. Companies in the EU grow and innovate less than their American counterparts, according to the International Monetary Fund (IMF) on Wednesday. The report...
Today Versana, the syndicated lending platform, announced a $26 million funding round and the addition of Barclays as a new investor and platform member. Other existing investors that joined the round were Bank of America, Citi, Deutsche Bank, J.P....
Three years ago Standard Chartered created a joint venture, Olea, with Chinese supply chain finance platform LinkLogis, which uses blockchain. At Olea’s goal was to offer trade finance investments as an alternative asset class. In other words, it sells...
Japanese banks MUFG, SMBC and Mizuho are participating in a pilot using stablecoins and the Swift network for cross-border payments. The cross-border transfer market reached $182 trillion in 2022. However, the G20 has identified four critical areas — cost, speed,...
Taiwan’s plan to implement the final Basel III reforms in January next year would have a very limited impact on local banks’ capitalization and asset growth, since no banks are using the Internal Rating-Based (IRB) approach in calculating credit...
Market communications surveillance firm Mirrorweb has secured a $63 million growth equity investment from Mainsail Partners. Founded in 2016, MirrorWeb's Insight platform enables firms to capture, archive, and monitor communications across channels, including websites, mobile, email, instant messaging, and social...
The UK managed portfolios sector is experiencing a slowdown in new launches alongside a growing shift towards passive investments, according to Morningstar’s UK Managed Portfolio Landscape report for 2024. As of the end of 2023, managed portfolios accounted for 14%...
Saudi Arabia’s real gross domestic product (GDP) decreased by 0.3% in the second quarter of 2024 compared to the same quarter of 2023, while seasonally adjusted real GDP grew by 1.4% compared to the first quarter of 2024, according...
