Finance

The head of the International Energy Agency (IEA), Fatih Birol, emphasized on Thursday the indispensable role of nuclear power in achieving global climate objectives, marking a pivotal moment for energy policy worldwide. This statement comes at a time when incidents, including an […]

DUBAI, United Arab Emirates — In a bold move to dominate the global artificial intelligence (AI) landscape, Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), is reportedly in advanced discussions with American venture capital giant Andreessen Horowitz to create a […]

Amidst an evolving financial landscape, Hong Kong’s private credit market is emerging as a hotbed for investors and businesses seeking alternative financing solutions. With contributions from industry insiders like lorrettaa_chen and insights from Aileen Chuang of the South China Morning Post, […]

March 19 (Reuters) – U.S. Bank NA and Oppenheimer & Co have agreed to pay fines to settle charges from the U.S. Commodity Futures Trading Commision over use of unapproved communications channels, the regulator said on Tuesday. U.S. Bank will […]

Saudi Arabia plans to create a fund of about $40bn to invest in artificial intelligence (AI), the New York Times reported on Tuesday. Representatives of Saudi Arabia’s Public Investment Fund (PIF) have discussed a potential partnership with US venture capital firm Andreessen […]

HONG KONG, March 19 (Reuters) – Fund manager Fidelity International (FIL) is planning to lay off 20 people at its main China unit, two sources familiar with the matter said, a reduction that coincides with a downturn in China’s markets […]

Ethiopia’s Commercial Bank of Ethiopia (CBE), the nation’s biggest bank, is in turmoil following a significant system malfunction over the weekend that enabled customers to withdraw amounts far exceeding their account balances. This incident has led to more than $40 million […]

Recent developments have cast a shadow over the once-booming sector of private debt funds, a favorite amongst investors for their high returns and low management fees. The spotlight has turned towards these funds following redemption freezes and allegations against prominent player […]

Amid signs of a weakening economy, China’s government bonds are witnessing a significant resurgence, with the yield on 10-year sovereign notes dropping for three consecutive days, hinting at investor anticipation of further monetary easing. This movement challenges officials’ attempts to […]

In a decisive move to revamp its investment strategy, the California Public Employees Retirement System (Calpers) is significantly increasing its stakes in private equity and private credit, earmarking a colossal $34 billion towards these riskier assets. This strategic pivot, aimed […]