Finance
Uganda seeks approval for up to €207.7 million Citibank road loan
The proposed financing would support 137 kilometres of road works in eastern Uganda, while rising debt service intensifies scrutiny of new borrowing.
Finance
Finance
Brazil’s largest banks retreat from unsecured credit as household debt nears a record
Itaú, Bradesco, Santander Brasil and Banco do Brasil are favoring collateral, payroll loans and wealthier clients as household debt approaches 50% of disposable income and growth is expected to slow.
Finance
Banks agree to $86.4 million settlement in Mexican bond-rigging case
Six banks' Mexican affiliates agreed to pay $86.4 million to resolve investor antitrust claims, without admitting wrongdoing. The proposed settlement still requires approval by a federal judge.
Finance
ICICI Bank seeks at least $1.45 billion in a BofA-led syndicated loan
The proposed four-year facility is expected to price 110–115 basis points over SOFR, includes five named international lenders and can be increased if syndication demand proves strong.
Finance
Wall Street holds near records as weak retail sales split the rate and growth outlook
A surprise decline in retail spending reduced expectations of a September rate increase but sharpened the contradiction between supportive borrowing costs and the risk that high inflation is meeting slower growth.
Finance
Alibaba introduces paid Qwen office tiers from 200 yuan a year
Three annual subscription levels and separately priced video credits create a paid layer around Qwen’s office assistant, while Alibaba keeps the core chatbot available without charge.
Finance
Bank of America sets $250 billion infrastructure finance target through July 2027
The 18-month initiative counts eligible lending, investing, capital-markets and advisory activity across digital, energy and core infrastructure, making the headline amount a mobilization target rather than a dedicated cash fund.
Finance
China taxes offshore trust income as Hong Kong tests its wealth-hub resilience
New mainland rules tax assets transferred to offshore trusts and their income, including undistributed earnings, increasing compliance demands for Chinese residents using Hong Kong wealth structures.
Finance
Moment raises $22 million to scale enterprise payment infrastructure across Africa
AlphaCode Venture Partners led the closed Series A, joined by returning investors General Catalyst and MultiChoice and new backer Canal+, bringing Moment's reported total funding to $55 million.
Finance
EBID extends EUR 80 million facility to Coris for West African productive sectors
The ECOWAS Bank for Investment and Development will provide Coris Holding with EUR 80 million to expand refinancing and lending through its West African banking subsidiaries. The facility targets food, energy and agricultural value chains, although pricing, maturity and country allocations were not disclosed.
Finance
River Mobility raises USD 120 million to target eightfold electric-scooter capacity
Yamaha-backed River Mobility closed a USD 120 million Series C led by Elev8 Venture Partners and Claypond Capital. The Indian startup plans to expand its Karnataka factory and build capacity for as many as 80,000 scooters a month, compared with 10,000 currently, but the new scale still requires construction and demand execution.
Finance
Ellis AI raises $10 million to connect private-credit managers’ fragmented operations
Ryan Williams’ new company emerged from stealth with seed backing to connect documents, accounting systems and spreadsheets, flag discrepancies and assist portfolio monitoring while keeping material decisions with human experts.