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Hong Kong ideally placed to become region’s leading green finance hub
Hong Kong has the potential to be a leading hub for green finance due to its proximity to mainland China, with sound regulations already in place for such types of investments giving the city a head start, according to top bankers.“Hong Kong has two fantastic advantages in the ESG [environmental, social and governance] and green…
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Datadog Announces Third Quarter 2023 Financial Results
Third quarter revenue grew 25% year-over-year to $548 million Strong growth of larger customers, with about 3,130 $100k+ ARR customers, up from about 2,600 a year ago NEW YORK, Nov. 7, 2023 /PRNewswire/ — Datadog, Inc. (NASDAQ:DDOG), the monitoring and security platform for cloud applications, today announced financial results for its third quarter ended September 30,…
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Social Finance taps donor-advised funds for impact-first investments
Impact Investing | October 13, 2023 State of the Impact Field: Unprecedented opportunity tempered by sober realism (video) This week’s Agents of Impact Call continued a tradition started nearly a decade ago by Fran Seegull of the US Impact Investing Alliance …
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Financial Services Roundup: Market Talk
Updated Nov. 7, 2023 12:25 pm ETThe latest Market Talks covering Financial Services. Exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.1130 ET – UBS is expected to prioritize issuing Additional Tier 1 bonds in 2024 in an effort to raise its tier 1 leverage ratio, CreditSights head of global financials…
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China’s Banks and Property Sector Threaten a Growing Economy
The International Monetary Fund warned of risks from overstretched lenders and developers even as it raised economic growth forecasts for this year and next.The International Monetary Fund warned on Tuesday of risks posed by China’s financial and property sectors even as it took a more optimistic view on the country’s economic growth.The I.MF. forecast that…
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Big Banks Cook Up New Way to Unload Risk
Nov. 7, 2023 5:30 am ETListen(1 min)U.S. banks have found a new way to unload risk as they scramble to adapt to tighter regulations and rising interest rates. JPMorgan Chase
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Chinese lending has shifted from Belt and Road to rescue finance, report says
Chinese financial institutions lent $1.34 trillion to developing countries from 2000 to 2021, U.S. researchers at AidData said in a report that showed the world’s biggest bilateral lender switching from infrastructure to rescue lending.While lending commitments peaked at almost $136 billion in 2016, China still committed to almost $80 billion of loans and grants in…
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Airbnb took in $4bn in rent in Italy. Now the country’s Finance Police is seizing $835m of it because they allegedly didn’t pay taxes
Italy’s Finance Police is seizing about €779 million ($835 million) from the home-sharing company Airbnb Inc. after it allegedly failed to pay some taxes. Airbnb didn’t pay Italy the 21% withholding taxes owed on about €3.7 billion of rental revenue, according to a statement Monday from Milan Tribunal prosecutors. Three people who worked for the…
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Chinese leaders defend state of economy at global finance summit in Hong Kong
Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter, which explores what you need to know about the country’s rise and how it impacts the world. Hong Kong CNN — Senior Chinese officials have defended the state of the world’s second largest economy at a conference in Hong Kong, telling global financiers not to…
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Political finance with integrity: Beyond legal reforms
The International Institute for Democracy and Electoral Assistance (IDEA) would like to invite those interested, on the occasion of International IDEA’s Secretary General, Kevin Casas-Zamora’s visit, to a discussion on Political Finance with Integrity: Beyond Legal Reform.Mongolia recently updated its political finance legislation to improve the disclosure of political party funding. The event will present…
