Global banks are not living up to targets to cut their financing of activities that are directly fuelling climate change, according to a new study by the World Resources Institute (WRI). The analysis, which looked at 25 of the world’s...
The US Department of Energy (DOE) said it had made a conditional loan guarantee commitment of up to USD 1.45 billion to Qcells to back the South Korean group’s solar manufacturing expansion in Georgia. The North American unit of Seoul-based...
Market cap rose, alongside trading volume and value, group reports. Globally, securities trading activity was up notably in the first half of 2024, according to data from the World Federation of Exchanges (WFE). In a paper released, the industry trade group...
South Korea plans to announce guidelines to encourage the use of an alternative benchmark in its US$4.3 trillion interest rate swap market and replace Certificate of Deposit (CD) rates that currently dominate transactions, two sources said. The Bank of Korea...
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...
