China’s securities regulator has ratcheted up the frequency of interactions with global banks, intensifying what had been quarterly discussions to sometimes weekly or ad-hoc queries aimed at gathering perspectives on recent stimulus measures, according to sources familiar with the...
Australian mining company South32 has signed a subscription agreement to invest $29.16m in Canadian copper explorer American Eagle Gold, which is focused on the Nakinilerak (NAK) project in British Columbia. The investment will see South32 acquiring a 19.9% stake in...
esVolta, LP ("esVolta") announced the completion of a $110 million tax equity transaction with Greenprint Capital Management ("Greenprint") to finance the construction of the 300 MWh Hummingbird battery energy storage project in San Jose, California. Upon completion in 2025, the project will provide Pacific...
Global issuance still on track to meet US$950 billion full-year forecast. The global issuance of sustainable bonds slowed in the third quarter, leaving supply down marginally for the year, according to Moody’s Ratings. In a research note, the rating agency reported...
The Philippine economy grew 5.2 percent year-on-year in the third quarter of 2024, the Philippine Statistics Authority (PSA) said. It said that the gross domestic product grew 1.7 percent quarter-on-quarter. This brought the average growth in the first three quarters of...
Singapore's biggest bank DBS Group posted a record net profit in the third quarter, but forecast 2025 net profit to be below 2024 levels because the country is introducing a global minimum corporate tax rate. DBS, said July to September...
Global investment in energy efficient technologies surged by 4% in 2024 – and is on course to reach a record $660 billion, according to a new analysis by the International Energy Agency (IEA). Doubling global rate of improvement will require...
China’s trade surplus is on track to hit a fresh record this year, increasingly leaving it on a collision course with some of the world’s biggest economies by aggravating an imbalance in global commerce that risks provoking President-elect Donald...
Thanks to continued robust liquidity and strong capital levels. Citigroup and Citibank are expected to have a stable outlook, reflecting confidence in Citigroup’s transformation toward a simpler and safer business model, a core focus for the board, management, and regulators,...
Singapore's United Overseas Bank, or UOB, posted a faster-than-expected rise in third-quarter net profit to a record, helped by brisk trading and investment, and flagged a pick up in loan growth next year. Southeast Asia's third-largest bank by assets said...
