Fitch Ratings has chosen to decrease the credit rating of the United States, moving it from triple A to double A plus. This decision is based on concerns about a worsening fiscal situation and governance challenges. This alteration in the rating occurs just two months following a period of political brinkmanship that brought the world’s […]
In a strategic move, the Central Bank of Kenya (CBK) has unveiled plans to generate KSh 40 billion through its forthcoming Treasury Bonds (T-Bonds) tap sale scheduled for August. The CBK, cognizant of the financial landscape, intends to reinforce its financial reserves for crucial budgetary requirements. The importance of this initiative is underscored by its […]
London-based asset manager Gresham House has been acquired by private equity firm Searchlight Capital in a cash transaction totaling nearly £470 million. Gresham House, which currently oversees £8 billion in investor funds, focuses on investing in alternative assets such as battery storage, forestry, energy from waste, and vertical farming. Shareholders of Gresham House will receive […]
July 18, 2023 The distress in the US commercial real estate sector continues to deepen, with Starwood, a prominent player in the industry, defaulting on its maturing mortgage on June 9. Starwood, a private asset management firm with over three decades of experience, primarily operates in the real estate sector and manages a portfolio of […]
July 28, 2023 Worldcoin is a cryptocurrency that aims to create a global digital currency accessible to everyone around the world. It was founded in 2021 by Sam Altman, the former president of Y Combinator, with the goal of creating a more inclusive and equitable financial system. “The goal is simple: A global financial and […]
July 26, 2023 The Securities and Exchange Board of India (SEBI) has taken significant steps to bolster green financing and enhance transparency in Environmental, Social, and Governance (ESG) investments. These new measures aim to mitigate the risk of greenwashing and create a more conducive environment for sustainable investments. Under the recently released rules for ESG […]
July 24,2023 Bunq, a Dutch startup offering a range of innovative financial services to consumers, has recently secured a substantial funding of €100 million ($111 million). The company, known for its emphasis on serving digital nomads and individuals with international financial needs, has experienced significant growth during the pandemic and aims to expand its services […]
July 19, 2023 European stocks saw an increase on Wednesday as UK inflation dropped more quickly than expected, further fueling hopes among investors that central banks might soon end their historic tightening measures. At the opening bell, the broader Stoxx 600 index in Europe rose by 0.5%, extending gains from the previous session. The CAC […]
July 20, 2023 China’s real estate sector, once a pillar of economic growth, is now grappling with a severe downturn, and the recent troubles of Dalian Wanda Group (DWG), the nation’s largest commercial property firm, have raised alarm bells across financial markets. Reports of financing troubles, credit rating downgrades, and imminent debt maturities have triggered […]
July 22, 2023 In 2018 , Indonesia banned the used of cryptocurrencies as a mode of payment for goods and services with in its jurisdiction but allows the investment in such assets.The investment in cryptocurrencies in indonesia boomed during the pandemic and data in june showed that as many as 17 million people have invested […]
In the interconnected global economy, trade between major economic players can be a source of tension, especially when tariffs and...
In a significant move aimed at addressing long-standing pension arrears, Nigeria’s Federal Executive Council (FEC) has approved the issuance of...
In a strategic move poised to redefine Kenya's financial landscape, Safaricom and the Kenya Bankers Association (KBA) have jointly proposed...
CapitaLand Investment Limited (CLI), a leading global real asset manager, has announced its latest expansion into the fast-growing data centre...