The U.S. energy storage market set new installation records in Q3 2024, according to the latest “U.S. Energy Storage Monitor” report released by the American Clean Power Association’s (ACP) and Wood Mackenzie. This is the highest record for third-quarter installations,...
The emirate has seen an influx of major investment firms as it sharpens its financial services offer. Often overshadowed by Dubai, the UAE’s capital and oil-rich emirate Abu Dhabi has rapidly emerged as a hotbed for international asset managers, family...
In an effort to supercharge Australia’s critical mineral supply chain, the Clean Energy Finance Corporation (CEFC) is investing $75 million in mining-focused alternative investments firm Resource Capital Funds (RFC). This move targets the sustainable production of essential minerals like lithium...
The Bank of Canada cut its policy rate by 50 basis points to 3.25 per cent, a move widely expected by economists and markets. The decision marks the fifth consecutive cut by the central bank this year and the second...
Apex Group to act as transfer agent for strategies. Hamilton Lane has widened the reach of its private markets access by offering tokenized versions of the funds through Allfunds Blockchain. Apex Group will act as a transfer agent to allow the...
Lenders may turn more risk-averse and seek higher premia. Asia Pacific credit conditions are expected to be more volatile in 2025 due to uncertain trade and foreign policies by the incoming Trump presidency, reports S&P Global Ratings. Compounding obstacles could push...
The benchmark European rate is now 3%. The European Central Bank has cut rates by a quarter percentage point amid signs of weakening growth and concern about the impact of political chaos in France and the possibility of new U.S....
Nearly 50% of firms are now using electronic bills of lading (eBLs) yet only a fifth of banks currently support them, according to a survey of companies involved in international trade. Moving from paper bills to electronic equivalents is a...
Macroeconomic tailwinds, which dealmakers had hoped for, did not happen as expected, says senior executive. The global mergers and acquisitions (M&A) market is set to end the year with a “middling” overall deal value of US$3.5 trillion, indicated projections by...
Their NPL ratio was lower than in March, but still higher than in September 2023. Major banks in Japan reported a combined profit attributable to owners of approximately $8.65b (JPY1.32t) in the first six months of fiscal year 2024, 40.29%...
