Cheap yuan catapults China to second-biggest trade funding currency

Cheap yuan catapults China to second-biggest trade funding currency

SHANGHAI/SINGAPORE, Nov 17 (Reuters) – Global companies are making a beeline for China’s debt markets, issuing record amounts of yuan-denominated bonds and borrowing heavily from mainland banks, capitalising on rock-bottom yuan interest rates as funding costs elsewhere jump. Companies and banks are raising record amounts of cash through yuan bonds issued in mainland China and … Read more

Environmental groups urge funding halt for TotalEnergies’ Mozambique project

Environmental groups urge funding halt for TotalEnergies’ Mozambique project

TotalEnergies signs are seen at a petrol station in Nice, France, October 10, 2022. REUTERS/Eric Gaillard/File Photo Acquire Licensing Rights CAPE TOWN, Nov 17 (Reuters) – Banks and other financiers should withdraw their support of TotalEnergies’ (TTEF.PA) $20 billion liquefied natural gas (LNG) terminal in Mozambique, environmental lobby groups urged in a letter sent to … Read more

Exclusive: Kenya plans $500 mln Eurobond buyback with new loans – cenbank governor

Exclusive: Kenya plans $500 mln Eurobond buyback with new loans – cenbank governor

A general view shows the Central Bank of Kenya headquarters building along Haile Selassie Avenue in Nairobi, Kenya November 28, 2018. REUTERS/Njeri Mwangi/File photo Acquire Licensing Rights MARRAKECH, Morocco, Oct 12 (Reuters) – Kenya is planning to buy back up to a quarter of its $2 billion 2024 international bond before year-end after it secures … Read more

World Bank explores expanding loan guarantees for private financing

World Bank explores expanding loan guarantees for private financing

A participant stands near a logo of World Bank at the International Monetary Fund – World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo Acquire Licensing Rights MARRAKECH, Oct 9 (Reuters) – The World Bank on Monday said it is looking at ways to expand the guarantees it … Read more

US Treasury: Financiers’ ‘net zero’ pledges must align with temperature limits

US Treasury: Financiers’ ‘net zero’ pledges must align with temperature limits

[1/3]U.S. Treasury Secretary Janet Yellen speaks during an interview in New York City, U.S., September 18, 2023. REUTERS/Shannon Stapleton/File Photo Acquire Licensing Rights NEW YORK, Sept 19 (Reuters) – “Net-zero” financing commitments from banks and asset managers should align with goals to limit the global average temperature increase to 1.5 degrees Celsius and be backed … Read more

Analysis: European private loan market falters as corporate credit stress mounts

Analysis: European private loan market falters as corporate credit stress mounts

Private debt fundraising and deals slow Industry tested by new high rate environment Lending squeeze set to aggravate default risks LONDON, Sept 7 (Reuters) – Direct lending, a key but expensive source of credit for riskier European firms that banks often shy away from, is running out of steam, a fresh sign that aggressive interest … Read more