Hong Kong's central bank on Thursday lowered its base interest rate by 25 basis points to 4.50%, tracking a cut by the US Federal Reserve. It was the first easing by the Hong Kong Monetary Authority since a 25 basis...
However, total operating expenses also widened by 5.2%. Standard Chartered Bank (Singapore) Limited’s group net profit for the first half of the year (H1 2025) increased by 13.7% year-on-year (YoY) to US$739.5m. The group’s net interest income dipped 18.4% YoY to...
The private credit market is expected to grow by up to $300bn (£220bn) by 2030, according to new research by Wealth Club. The investment service provider said that 55 per cent of fund managers surveyed think the private credit industry...
GreenIT, an Italian renewable energy joint venture owned by Eni subsidiary Plenitude, and Cassa Depositi e Prestiti holding company CDP Equity, announced that it has signed a €370 million project financing agreement to develop a portfolio of new onshore...
Bridging lender TAB has secured a £500m investment from funds managed by investment manager, AB CarVal. The firm revealed that the facility will support a full-scale launch of a renewed product suite, TAB Mortgage and TAB Bridge. TAB said the institutional...
The global wind industry is expected to add 170 GW of capacity this year with a potential record 70 GW connected in the fourth quarter alone, according to a Wood Mackenzie report. According to the firm’s Global wind power market...
Digital banking group NOBA has announced plans to list on the Nasdaq Stockholm exchange sometime in the third quarter of this year in a deal expected to value the company at around 35 billion Swedish crowns ($3.74 billion). NOBA's listing...
South Africa’s economy grew by 0.8 percent in the second quarter of 2025, recovering from a sluggish 0.1 percent expansion in the first quarter, Statistics South Africa (Stats SA) announced. It attributed the rebound to strong performances in mining and...
Stablecoin issuer Figure Technology, along with some of its existing investors, raised $787.5 million in a U.S. initial public offering on Wednesday, becoming the latest crypto firm to tap public markets as digital assets gain mainstream acceptance. A string of...
Blackstone has expanded its private credit line to Dropbox, raising the facility to $2.7bn just nine months after the original deal. The transaction adds $700m in delayed draw secured term loans to the $2bn loan agreed in December 2024, with...
