Japanese banks MUFG, SMBC and Mizuho are participating in a pilot using stablecoins and the Swift network for cross-border payments. The cross-border transfer market reached $182 trillion in 2022. However, the G20 has identified four critical areas — cost, speed,...
Taiwan’s plan to implement the final Basel III reforms in January next year would have a very limited impact on local banks’ capitalization and asset growth, since no banks are using the Internal Rating-Based (IRB) approach in calculating credit...
Market communications surveillance firm Mirrorweb has secured a $63 million growth equity investment from Mainsail Partners. Founded in 2016, MirrorWeb's Insight platform enables firms to capture, archive, and monitor communications across channels, including websites, mobile, email, instant messaging, and social...
The UK managed portfolios sector is experiencing a slowdown in new launches alongside a growing shift towards passive investments, according to Morningstar’s UK Managed Portfolio Landscape report for 2024. As of the end of 2023, managed portfolios accounted for 14%...
Saudi Arabia’s real gross domestic product (GDP) decreased by 0.3% in the second quarter of 2024 compared to the same quarter of 2023, while seasonally adjusted real GDP grew by 1.4% compared to the first quarter of 2024, according...
Morgan Stanley no longer has an explicit financing goal to tackle plastic pollution, as the Wall Street bank quietly shelves an earlier target. In its latest ESG report, Morgan Stanley omits an earlier pledge to facilitate the prevention, removal or...
First Quantum Minerals has met with Argentine government authorities about the start of construction of the $3.5 billion Taca Taca copper project in Salta. The representatives of the Canadian mining company met with Argentine officials and announced that they will...
Australian gross domestic product (GDP) rose 0.2 per cent (seasonally adjusted, chain volume measures) in the June quarter 2024 and by 1.5 per cent in the 2023-24 financial year, according to figures released by the Australian Bureau of Statistics...
First Majestic Silver is buying fellow Canadian explorer and developer Gatos Silver in an all-share transaction valued at $970 million. The move hands First Majestic a group of high-grade, large silver deposits in the Los Gatos silver district of Mexico’s...
The United Kingdom, the United States and the EU intend to sign the first international agreement on the use of artificial intelligence (AI), which will be legally binding. According to her, we are talking about a document of the Council...
