Singapore’s money-market rates have dropped as traders shrug off the central bank’s first monetary policy shift in five years. The Singapore Overnight Rate Average (SORA), the de facto standard for the city’s loan products, fell to 2.08% this week, the...
The World Trade Organization (WTO) has warned that uncertainty over tariffs and trade restrictions threatens to undermine recent growth in global goods trade. Merchandise trade grew through the first three quarters of 2024, after a year-long slump during the...
BNP Paribas BP, opens new tab, the Polish unit of lender BNP Paribas, opens new tab, posted a higher-than-expected jump in its full-year net profit on Thursday, supported by excess banking sector liquidity and persistently high interest rates. The lender...
Estonia-based renewable energy developer Sunly has secured EUR 62 million in loans to build and operate the 244-MWp Risti solar park at home which is expected to be the biggest photovoltaic (PV) site in the Baltics. The European Investment Bank...
German solar developer Enerparc AG has obtained EUR 266 million in financing with the support of Stuttgard-based lender LBBW for the construction of a 400-MWp pipeline of ground-mounted solar projects at home. The financing package comprises EUR 216 million in...
Trade finance revenue reported by banks remained steady last year despite pockets of growth in some regions, as the industry looks set for a turbulent 2025 defined by the fallout from US President Donald Trump’s aggressive trade policies. Banks...
Benchmark overnight lending rate lowered to 2.75% amid Trump's tariffs. The Bank of Canada slashed its benchmark overnight rate Wednesday by 25 basis points as US tariffs raised uncertainties and fears in global trade. The key overnight lending rate now stands...
The world's leading climate coalition for the banking sector is canvassing members over changes to its rules, following the withdrawal of some of the biggest banks and as the real economy falls short of more ambitious climate action. Shargiil Bashir,...
Moody’s has reaffirmed its negative outlook for Hong Kong’s banking sector, pointing to rising asset risks and mounting pressures on profitability. The credit ratings agency highlighted that asset risks remain elevated, driven by the weakening debt repayment capacity of property-related...
Baft (Bankers Association for Finance and Trade) has issued an updated version of its English law standard for trade loans to reflect “significant developments” in the market and regulatory landscape. The association’s Master Trade Loan Agreement (MLTA) provides a standard...
