The Federal Reserve Financial Services (FRFS) has formally transitioned the Fedwire® Funds Service to ISO 20022 messaging, replacing the legacy Fedwire Application Interface Manual (FAIM) format, which is no longer supported. The migration aligns Fedwire with global payment system modernisation...
Goods trade up 5.3% yearly, 3.6% quarterly in Q1 as imports surge 13.4% in North America in anticipation of tariff hikes. The World Trade Organization (WTO) reported that global merchandise trade expanded 5.3% on a yearly basis in the first...
The global market for smart buildings is set to grow by at least 21.8% this year, reaching between $117 billion and $252 billion, thanks to the deployment of artificial intelligence (AI), the Internet of Things (IoT) and advanced data...
The tanker owner Hafnia has signed a $715m revolving credit facility secured by a modern fleet of 32 product tankers. The facility, established in partnership with a syndicate of 11 banks, has a very competitive margin with a tenor of...
It also trims the overnight deposit and lending facility rates to 4.5% and 6%, respectively. Indonesia’s central bank cut its benchmark interest rate for the third time this year, shortly after the country finalised a trade deal with the US...
Bulker owner and operator Pacific Basin Shipping Limited has closed a new $250m sustainability-linked 7-year senior secured committed revolving credit facility. The new credit facility will be used for for general corporate purposes, according to the Hong Kong-based firm, which...
According to the report, Singapore’s strategic location, strong international orientation, and robust ecosystem of professional maritime services are responsible for its ongoing dominance in global shipping. With a nearly flawless score of 99.5 out of 100 on the 2025 Xinhua-Baltic...
Over 190 governments have adopted a “once-in-a-decade” UN pledge to renew the global framework for development finance, outlining a detailed plan to help mobilise private sector capital alongside public funding. Following a year of research, talks and redrafting, the Sevilla...
Direct lenders are pitching higher leverage ratios as a sweetener for deals, particularly for companies owned by private equity firms. Finding steep competition from the broadly syndicated market, private credit firms are offering one benefit to potential borrowers: leverage. Direct lenders...
The Asian financial hub has been stepping up efforts to attract the wealthy with tax concessions and residency plans. BNP Paribas said Hong Kong’s boom in initial public offerings (IPOs) is adding further momentum to its Asia wealth business after...
