STG Logistics, a leading provider of containerized logistics services, announced the successful completion of a $300 million debt and equity financing package. This financing, backed by STG's existing lenders and equity sponsors, will provide the company with significant capital...
The mining industry will require $2.1 trillion in new investments by 2050 to meet the raw material demands of a net-zero emissions world, according to BloombergNEF’s (BNEF) annual Transition Metals Outlook. Despite a decade of growth in metals supply, BNEF...
Second Avenue Capital Partners ("SACP"), a Schottenstein affiliate, is pleased to announce the closing of a $175,000,000 Senior Secured Revolving Line of Credit for Gabe's, a leading off-price retailer operating in the mid-Atlantic and Southeast US. The new credit...
This will commence operations in 2027. CS Energy and Aula Energy have reached financial close on the 228-megawatt Boulder Creek Wind Farm, which also gives the former 50% stake in the project. In a statement, CS Energy said it will co-own...
HSBC Asset Management plans to launch a specialised fund vehicle that supports corporate bond issuers in emerging markets with sustainable finance. The firm has agreed the launch in partnership with IFC, a member of the World Bank Group, which has...
Artificial intelligence is set to revolutionise the wealth management industry, with nine in 10 investors believing the technology can used effectively for researching financial products and service. AI continues to shape the sector, with 62% of wealth management firms acknowledging...
Digital Asset announced the latest tokenization pilots of its DLT-based Canton Network involving Euroclear, the World Gold Council and 27 market participants. The goal was to create digital twins of gold, British gilts and Eurobonds, to enable them to...
Synthetic settings cease, marking last step in major benchmark reform. Once the world’s most important financial benchmark, the London Interbank Offered Rate (LIBOR) is now kaput. The remaining LIBOR settings were published for the final time on Monday, and the benchmark...
Governments around the world have earmarked almost $2 trillion in direct investment support for clean energy since 2020, a new International Energy Agency (IEA) report revealed. The first edition of the report – State of Energy Policy 2024 – said...
China's external financial assets topped 9.79 trillion U.S. dollars at the end of June, official data showed on Monday. The external financial liabilities stood at over 6.8 trillion dollars at the end of June, resulting in nearly 2.99 trillion dollars...
