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Adani Group to seek $1.5 billion for data center financing
Adani Group, led by Gautam Adani, is negotiating a $1.5 billion loan to finance its data center expansion. The joint venture AdaniConneX with EdgeConneX is involved in discussions with various lenders. Plans include investing around $100 billion in digital infrastructure by 2035, enhancing their energy business. Meanwhile, Reliance conglomerate is also investing significantly in artificial intelligence infrastructure.
China's cheap money is shaking $9.5 trillion global loan market
Chinese financial institutions are carving out a significant foothold in global lending markets. With their ability to provide more affordable credit options, they are attracting desirable borrowers away from established international banks. This shift has been fueled by China's easing monetary policies and a fall in domestic demand.
India needs to create 115 million jobs by 2030, research shows
India needs to create 115 million jobs by 2030 to boost services and manufacturing for economic expansion. The country must generate 16.5 million jobs annually, 10.4 million from the formal sector, to address high youth unemployment and low labor force participation rate.
China’s worst capital outflow in years spells more Yuan pressure
That was the case in the aftermath of a shock currency devaluation in 2015 and during China’s trade war with the US under the Trump administration, when Beijing needed to tighten capital curbs and boost the yuan’s funding cost in Hong Kong. While authorities have also taken various steps to stem the currency’s weakness this time around, the outflow trend looks hard to reverse.
Hong Kong to give away 500,000 air tickets to revive tourism
The government is seeking to revive the economy and repair Hong Kong’s global image which was damaged by often-violent protests in 2019, the imposition of tough security laws in 2020 and three years of self-imposed isolation during the pandemic. Gross domestic product shrank 3.5% last year, its third contraction in four years.
Surprise tightening in Asia ups pressure on dovish central banks
Pressure is on countries like India who are already returning policy toward pre-pandemic levels. That’s because higher borrowing costs in the US tend to drain capital from emerging markets as money managers chase yields amid negative real rates in Asia.
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How will EU ban on 10 banks from bond sales impact markets and banks?
Banks from all corners of the world are affected: U.S. lenders JPMorgan Chase & Co., Citigroup Inc. and Bank of America Corp. as well as British peers Barclays Plc and NatWest Group Plc are on the list.
How will EU ban on 10 banks from bond sales impact markets and banks?
How long will the ban last? No timeline has been given. EU Budget Commissioner Johannes Hahn said the commission would work through information provided by banks on how they addressed the issues "as fast as possible".
Abu Dhabi's ADQ lines up banks for $1 billion Louis Dreyfus acquisition loan, say sources
ADQ said in November it had signed an agreement to acquire an indirect 45% equity stake in LDC, in what would be the first outside investment in the family-owned commodity merchant's 169-year history.
Gold-buying by central banks seen climbing from near decade low
Citigroup Inc. sees demand from the official sector rising to about 450 tons after a drop to 375 tons this year, which would be the lowest in a decade. HSBC Securities (USA) Inc. expects a slight up-tick to 400 tons from an estimated 390 tons in 2020, potentially the second-lowest amount in 10 years.
Decoding central bankers’ language
Policy makers have long been aware that their words can be as powerful as their actions.
Debt is roaring back in China
From bank loans to trust-product issuance to margin-trading accounts at stock brokerages, leverage in China is rising nearly everywhere you look.
Apple, Samsung open their wallets, boosting world's economy
Around 69 percent of Asian companies increased capex last year, compared to 48 percent in 2016, according to Joao Cesar, senior investment analyst at Mirae Asset Global Investments.
SoftBank plots seals to build $300 billion asset-management arm
The Japanese firm is eyeing further acquisitions in the financial sector in order to potentially create a $300 billion asset management arm that would also house its $93 billion Vision Fund for technology investments, according to people familiar with the matter.
Zinc breaks through $3,000 barrier as metals rally gathers pace
Zinc jumped as much as 5.8 per cent to $3,132.50 a ton on the London Metal Exchange.
After crude oil market, look what electric car revolution is disrupting now
Commodities in demand right now, like oil and platinum, may not be in demand in the future.
Ecclestone says Singapore wants to drop F1 race - report
MOTOR-F1-SINGAPORE:Ecclestone says Singapore wants to drop F1 race - report
Ecclestone says Singapore wants to drop F1 race-report
MOTOR-F1-SINGAPORE:Ecclestone says Singapore wants to drop F1 race-report
Ecclestone says Singapore wants to drop F1 race - report
MOTOR-F1-SINGAPORE:Ecclestone says Singapore wants to drop F1 race - report
Paid financial analysis a new trend in the market?
While providing paid promotions may undermine credibility and raise concerns about potential conflicts of interest, there aren't too many alternatives.
Buy palladium and dump gold, says precious metals forecasters
“Palladium looks far more appealing based on its fundamentals. It is going to rally on increased Chinese car demand.”
Symphony raises $100 million with bank backers joined by Google
Google Inc led an investment of more than $100 million in Symphony Communication Services LLC in a fundraising round.
China way behind US in gold reserves, may ramp up holdings
"When comparing China to the US, it would seem that in China, gold asset allocation can only go in one direction," said David Gornall.
European Union seeks coordinated action to shield banks
The European Commission is pushing for a coordinated capital injection for banks to shield them from the fallout of a potential Greek default
Government clears FDI proposals of Multiple Pvt Equity Fund, global trou operator Cox & Kings & 29 others worth Rs 3,845 cr
The Government on Tuesday announced clearing of 31 FDI proposals worth Rs 3,844.7 crore, including that of Multiples Pvt Equity Fund.
Govt approves 16 FDI proposals worth Rs 924 cr
Foreign Investment Promotion Board (FIPB) deferred a decision on 14 applications, rejected 7 and recommended one for the CCEA.
BNP Paribas posts jump in Q1 profit
French bank BNP Paribas SA reported Thursday a 46.5 percent jump in profit for the first quarter, thanks to gains on its purchase of assets in Belgium's Fortis and a gradual recovery in economic conditions.
French bank Natixis to cut 840 jobs
Natixis SA, France's fourth largest investment bank, said it plans to cut 15 per cent of its investment banking staff in what it called a 'radical' transformation aimed at stemming losses and reducing risk.
RIL hires 17 banks for $1 bn loan
Reliance will meet investors in Macau, Taipei, HK, Singapore, Dubai, Abu Dhabi, and Bahrain, to promote the multicurrency loan. Is the stock you are eyeing worth a buy?
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