Financing

As per a recent report, banks gave 81 cents for every dollar spent when it came to financing support to low carbon energy supply across 2021. However, they will have to ramp up the commitments much further in order...

To support the construction of Pune’s metro rail project, the European Investment Bank has pledged a loan of €150 million. This 20-year loan has been granted so as to enhance travel for more than 3 million people living in the...

Marqeta, a US-based modern card issuing platform, has agreed to acquire credit card programme management platform Power Finance for a total of $223m in cash. Under the terms of the agreement, Marqeta will pay about one-third of the total consideration...

Swiss investment bank UBS has reported a net profit of $1.65bn for the fourth quarter ended 31 December 2022, a 23% increase compared to $1.34bn for the corresponding quarter in 2021. The company reported total revenues of $8.02bn for the...

The US Federal Reserve increased its target interest rate percentage point quarter on February 1 and yet continued to promise an ongoing surge in the borrowing cost as part of its battle against inflation. As per US central bank, the...

A surge in the cost of borrowing is a much-needed lift for the already troubled banks in Europe, but it does come with a sting in the tail. As the European Central Bank as well as the US Federal...

As per the Saudi Press Agency, the country is planning to borrow $12.9 billion this year. Mohammed bin Abdullah Al-Jadaan, the country’s foreign minister, has given the go-ahead to the Kingdom’s borrowing plan for the year 2023, following the...