Financing
Renault Q1 sales rise 1.8%, helped by financing business
FRENCH car maker Renault said on Tuesday (Apr 23) that its first-quarter revenue grew 1.8 per cent, with good performance in its financing business offsetting a drop in turnover...
Retailer Express holds talks for bankruptcy financing
RETAILER Express is asking its lenders for funds to help finance a potential Chapter 11 bankruptcy process, according to sources with knowledge of the plans. Express, which sells mid-priced...
China’s ICBC to provide 300-billion yuan in tourism financing
THE Industrial & Commercial Bank of China (ICBC) will offer 300-billion yuan (S$56.1 billion) in financing to boost the nation’s tourism sector amid sluggish consumer spending in the world’s...
MAS launches centralised digital platform against money laundering, terrorism financing
THE Monetary Authority of Singapore (MAS) launched Cosmic – which stands for Collaborative Sharing of Money Laundering/Terrorism Information and Cases – to facilitate customer information-sharing among financial institutions (FIs).On...
From coal financing to green lending: OCBC’s chief sustainability officer Mike Ng on the just transition
MIKE Ng still remembers working through the contractual structure and complications of a deal involving the financing of a coal-fired power plant when it was first commissioned more than...
Alibaba-backed fintech Akulaku secures HSBC financing, aims for double-digit growth
SOUTH-EAST Asian online lending platform Akulaku, which is backed by China’s Alibaba, secured US$100 million of debt financing from London-based HSBC, Akulaku’s CEO said, as it aims to make...
Olam food ingredients unit ofi secures US$500 million financing
OLAM Group’s food ingredients unit ofi has bagged export credit agency -linked financing of about US$500 million, said the group on Tuesday (Mar 12). The facility, comprising of a...
UBS ditches Credit Suisse plan to phase out coal financing
UBS Group is set to scrap a planned phaseout of coal financing that Credit Suisse had backed, as the global wealth manager prepares to unveil how the merged bank...
