MAS commits S$100 million to support quantum, AI capabilities in financial sector
THE Monetary Authority of Singapore (MAS) will commit an additional S$100 million to help financial institutions build capabilities in quantum and artificial intelligence […]
Sandbrook and NGP Pledge $300 Million to Data-Center Power Infrastructure Developer
Sandbrook Capital and NGP Energy Capital have pledged a total $300 million to Cloverleaf Infrastructure, a newly formed business that helps data […]
Hong Kong government raises US$3.2 billion via multicurrency green bond
Hong Kong’s government raised US$3.2 billion via green bonds denominated in US dollars, euros and offshore yuan in the city’s latest push to establish […]
ECB keeps rates unchanged, offers no guidance on next move
The European Central Bank kept interest rates unchanged as expected on Thursday and gave no hints about its next move, arguing that […]
Gold clings to record high on growing US rate-cut bets
Gold prices firmed on Thursday to hover near a record peak hit in the previous session, as traders ramped up bets of […]
Deutsche Bank criticized by German regulator for financial reporting error
Deutsche Bank incorrectly disclosed deferred tax assets in its 2019 financial statement which did not meet international accounting standards, the German regulator BaFin […]
Diamonds in South Africa are losing their sparkle
Diamond mining in South Africa, historically pivotal to the economy and livelihoods of many across the country, faces challenges as production recently […]
Interest rate pain in South Africa sticking around
The South African Reserve Bank (SARB) is widely expected to keep interest rates on hold this week. According to Bank of America […]
Asterion to buy stake in Italy airports business from Ardian-Credit Agricole Assurance, sources say
Spanish fund Asterion has agreed to buy 49% of a holding company that owns several Italian airports from France’s Ardian and Credit […]
HSBC names veteran Elhedery as CEO, signals continuity in strategy
HSBC Holdings Plc (HSBA.L), opens new tab has appointed its Chief Financial Officer Georges Elhedery as its next CEO, the bank said on Wednesday, […]
SymphonyAI targets second half 2025 IPO with $500 million in revenue run rate
SymphonyAI, a U.S. artificial intelligence company whose products help the likes of Pepsi predict demand and financial companies spot fraud, is preparing […]
Italy’s banks seek savings product comeback after retail state bond boom
As falling interest rates compress lending margins and dent bonds’ appeal, Italian banks are seizing the moment to woo retail savers back […]