Banks provide credit facility expansion to fund Accu-Fab deal targeting high-growth data center markets. Mayville Engineering Company has announced a definitive agreement to acquire Accu-Fab, LLC from strategic holding company Tide Rock for $140.5 million, with Wells Fargo and JPMorgan...
China’s central bank asked its major lenders to raise the share of yuan when facilitating cross-border trade in its latest push for the use of the currency as the world grapples with the onslaught of tariffs by the US. The...
Germany overtakes Japan's position of top creditor despite Japan's external assets hitting all-time high. Japan has lost its long-held title as the world’s largest creditor nation for the first time in 34 years, falling behind Germany despite posting record-high net...
Kuwait has retained its ‘A+’ long-term credit rating from S&P Global, with a stable outlook, supported by one of the world’s strongest sovereign asset positions despite mounting fiscal pressures. In its latest report, the US-based agency stated that it expects...
Trade disruptions weighing on the economic outlook, and specific sectors’ prospects. After enjoying a reprieve in April, global corporate defaults are expected to rise again in May, says Moody’s Ratings. In a new report, the rating agency said that it expects...
AUM in its global wealth management segment rose 9% year over year to $380B. Cautious borrowers and a worsening economic outlook pushed Scotiabank earnings slightly down in the second quarter from last year as the bank put aside more money...
CET1 ratio and return on assets will decline, however. OCBC and UOB are expected to maintain their solid fundamentals through 2026, according to Moody’s Ratings. UOB is expected to maintain a strong capital buffer. This is despite its common equity tier...
Despite a temporary truce, the sweeping tariffs introduced by the Trump administration against multiple trading partners are set to have far-reaching consequences, including significant implications for global LNG markets, said an expert in its report in Energy Connects. The 10...
It says upside risks to inflation have diminished, while international developments are expected to weigh on the domestic economy. Australia’s central bank cut its main cash rate by 25 basis points to a two-year low of 3.85 per cent, citing...
The World Economic Forum (WEF) has thrown its weight behind a blockchain-based tool for digitalising trade documents, joining with five other groups to launch the Twin Foundation. The non-profit Twin Foundation is responsible for stewarding the Trade Worldwide Information Network...
