Standard Chartered and Ant International complete blockchain-based SGD transaction
Standard Chartered and Ant International have completed their first blockchain-based SGD-denominated liquidity transfer.
Blackstone acquires Retail Opportunity Investments Corp for $4 billion
Blackstone Real Estate and Retail Opportunity Investments Corp. (ROIC) have announced a definitive agreement in which Blackstone Real Estate Partners X will acquire all outstanding common shares of ROIC for $17.50 per share.
ASEAN sees surge in fintech funding driven by AI and quantum computing
Funding for financial technology in the ASEAN region has seen a remarkable increase, growing more than tenfold since 2015.
Economics
U.S trade deficit widens to $84 Billion in September amid rising imports
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis have reported an increase in the goods and services deficit for September 2024, reaching $84.4 billion.
BusinessEurope urges EU action amid slow economic growth projections
Ahead of the Macroeconomic Dialogue with social partners and EU institutions, BusinessEurope has released its latest Economic Outlook.
IMF reaches agreement on second review of credit facility for The Gambia
An International Monetary Fund (IMF) team, led by Ms.
IMF expands board with third African chair after regular election
IMF member countries have elected an expanded Executive Board, now comprising 25 Executive Directors.
IMF concludes Article IV consultation with Mexico amid economic slowdown
On October 30, the Executive Board of the International Monetary Fund (IMF) completed its Article IV consultation and mid-term review under the Flexible Credit Line (FCL) Arrangement with Mexico.
Real Estate
A recent report on tokenization from the Boston Consulting Group (BCG) said the process "enables borderless accessibility" to physical assets for investors all over the globe.
Berkshire Hathaway, Pilot Corporation settle lawsuit
Berkshire Hathaway disclosed this week that it had reached a settlement in a lawsuit with Pilot Corporation, thereby cancelling the trial that was scheduled to commence on Monday in Delaware.
American Strategic Investment Company announces changes in the board of directors
Abby Wenzel has stepped down from her position on the board of directors at the American Strategic Investment Company (ASIC), a role she held for nine years.
Technology
Dentsu CEO: We're no longer only an advertising company
The leader of Japan's largest marketing agency says the company will grow by consulting clients on business transformation and technology, not just traditional advertisting and public relations.
Binance announces speaker lineup for Blockchain Dubai 2024
Binance announced the initial speaker lineup for Binance Blockchain Dubai 2024, featuring prominent figures from Circle, Nansen, Dubai Future Foundation, and Wamda Capital. Additional speakers are expected to be revealed soon.
Deloitte announces AI’s impact on private equity valuations
Deloitte announced that AI is expected to significantly enhance the portfolio valuation process. This technology is anticipated to increase the frequency and efficiency of portfolio valuations.
Binance announces investment in decentralized AI platform Sahara AI
Binance announced its investment in Sahara AI, a decentralized blockchain platform, to promote an open and equitable AI economy. Sahara AI aims to ensure AI security, equity, and accessibility by prioritizing sovereignty and provenance in its collaborative approach.
Trade
The Hongqiao International Economic Forum recently highlighted the enduring significance of global trade, tracing its roots back to the ancient Silk Road.
The Philippines has initiated a safeguard investigation concerning cement imports.