The S$75 million multi-currency loan diversifies Carro’s funding channel, particularly in Malaysia. Singapore startup Carro announced that it signed a S$75 million multi-currency loan with HSBC, making the home-grown company the first to tap HSBC’s Asean Growth Fund of US$1...
HSBC has announced the launch of World Trader in the UAE, a digital trading platform providing customers with access to a wide range of investments internationally. WorldTrader will give HSBC Wealth and Personal Banking (WPB) customers access to up to...
TagEnergy has commenced construction of Stage 2 of the 1.33GW Golden Plains wind farm in Victoria, Australia. The wind farm will supply 9% of Victoria’s energy needs by mid-2027. The commencement of the 577MW Stage 2 follows the financial close of...
While SNB issued its 2nd rate cut in last 3 months, Bank of England, Fed keep their over-decade-high levels of policy rates. The Swiss National Bank (SNB) issued its second rate cut in the last three months, becoming a leading...
The developing world is still reliant upon coal, gas and oil for the majority of its energy needs, according to the Energy Institute. Global consumption of fossil fuels such as coal and oil climbed to a record high last year,...
South Korea's overseas direct investment fell 14.6 percent in the first quarter of this year amid high interest rates and geopolitical uncertainties in the Middle East and elsewhere, the finance ministry said Friday. Investments made by South Korean companies overseas...
New Zealand’s economy exited recession, with modest expansion in the first quarter. Gross domestic product (GDP) gained 0.2% from the previous quarter, when it declined 0.1%, Statistics New Zealand said. The economy is struggling, as the Reserve Bank of New Zealand...
The central bank kept its rate steady even though inflation has fallen to its 2% target. The Bank of England on Thursday kept its main interest rate at a 16-year high of 5.25% even though inflation has fallen to its...
Chinese banks maintained their benchmark lending rate for a 10th straight month, as pressure on the yuan restricts policymakers’ space for easing. The one-year loan prime rate (LPR) was maintained at 3.45 per cent, according to a statement from the...
A gold mining enterprise worth more than 11 billion tenge (US$24 million) will be launched in the Bayanaul district in the Pavlodar Region by 2027. An investment project plans to mine up to 800,000 tons of gold ore per year...
