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Grandiose construction plans are having to be scaled back as Saudi borrowing rises, but the main point is social progress
Cheap panels from China help expansion, often by private citizens
Two groups of finance ministers and one of experts set out how multiplying climate investment would create millions of jobs and save lives
World Bank online dashboard helps countries evaluate targets
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Singapore property developer Hoi Hup Realty has received its debut green loan of S$332.5m ($244.5m), which it will use to partially finance its acquisition of a hotel in the southeast Asian country.
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Health and Happiness International Holdings, a China-based supplier of paediatric nutritional and baby care products, has increased the size of its loan to $675m on strong demand. -
The compromises made last week to reach political agreement on the European Union’s Taxonomy of Sustainable Economic Activities were beginning to become clearer, before the surprise rejection of the deal by France and some east European countries on Wednesday threw the issue up in the air again.
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HSBC has picked Georges Elhedery and Greg Guyett as co-heads of its global banking and markets (GBM) division, replacing Samir Assaf, who has been handed a new role as chair of corporate and institutional banking.
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India’s Aditya Birla Finance (ABF) has closed its second offshore borrowing this year with three lenders.
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Bankers in Doha this week were eager to start a World Cup funding run in Qatar, as concerns over the Gulf state’s conflict with Saudi Arabia began to dissipate.
