News
The US AAA Rating Witnesses an Alarming Downgrade
The US has already given up on its last perfect credit rating as Moody’s, the influential rating firm, expressed concern about the government’s ability to pay back its debt.
By way of lowering the US AAA rating to Aa1, the rating...
Banking
ADB Issue Largest Panda Bonds Issuance Worth CNY8.3 Billion
The Asian Development Bank (ADB) has successfully issued a CNY8.3 billion (about $1.15 billion), 3-year bond issue, its largest Panda Bonds to date, raising significant capital to support its development projects for both sovereign and private sector borrowers.
The Asian...
Cards & Payments
India Asks FATF to Ease Cross-Border Payments Through UPI
India has asked the Financial Action Task Force - FATF, which happens to be a global money laundering watchdog, to decrease compliance needs when it comes to cross-border payments that are made through its homegrown system.
The Unified Payment Interface,...
Americas
Wildfire Resilience Insurance – A Peerless Policy Launched
Willis, which happens to be a business of WTW and The Nature Conservancy - TNC, announced one of its kind insurance policies on April 2, 2025, that takes into consideration endeavors to lessen fire risk. The $2.5 million wildfire...
Cards & Payments
UPI, POS & Mobile Throttle Digital Payments in India
The digital payments ecosystem in India went on to witness historic growth in the second half of 2024, which was driven by the unified payments interface, also known as UPI. In addition to it, it was also pushed due...
Americas
Leading Business Insurance Provider Acquires Arthur Hall
Marsh McLennan Agency – MMA, which is the business of Marsh as well as a leading provider when it comes to business insurance, employee health and benefits, private client insurance, and also retirement and health solutions throughout the US...
Financing
Regional Cooperation a Must for Climate Finance Goals – ADB
The Asian Development Bank – ADB opines that regional cooperation is indeed crucial so as to mobilize climate finance, especially from the private sector. Since Asia needs an estimated $1.1 trillion every year in order to address climate change....
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