Finance

Hong Kong’s offshore yuan bonds will likely hit a record year, according to Bloomberg data. Corporate issuers have already raised a record $46.2 billion this year. Deutsche Bank estimates annual dim sum bond issuance tripled between 2022 and 2024, hitting 1.4 trillion yuan (about $196.5 billion) in 2024. Observers expected …

Japan’s chemical majors are taking bold steps to weather a storm of margin pressure created by a glut of Chinese petrochemical capacity. In a watershed move, Mitsui Chemicals, Idemitsu Kosan, and Sumitomo Chemical have signed a memorandum of understanding to integrate their domestic polyolefin (PO) operations into Prime Polymer, the …

Tariff rulings linger in court, but businesses are preparing for price hikes and supply chain disruptions anyway. US President Donald Trump suffered a setback in the courtroom at the end of August that could shake one of the highest-profile elements of his economic agenda. Earlier this year, Trump declared sweeping …

The technology adds as many problems as it solves. Artificial intelligence can be both a curse and a savior for corporate executives intent on protecting sensitive business and customer data from the onslaught of cyber risks bombarding today’s business world. AI systems can help multinationals shield themselves against attacks, offering …

BlackLine Systems is an enterprise software company that develops cloud-based solutions for the finance function. Patrick Villanova took over as CFO in March after nearly 10 years at the Nasdaq-listed company. He was previously lead audit senior manager at PwC. Global Finance: What has been the biggest challenge in your first …

Albania unveils Diella, the world’s first AI minister, to oversee public procurement and fight corruption amid EU membership ambitions. When Albania’s national Assembly convened last month to hold the first session of its 11th Legislature, lawmakers were greeted by a woman in white traditional dress projected onto two large screens. …

With the economy growing despite major headwinds, Adel Al-Sharkas, governor of the Central Bank of Jordan, outlines how he plans to keep the momentum going. Global Finance: How is Jordan’s economy navigating global and regional turmoil? Adel Al-Sharkas: Jordan’s economy has demonstrated resilience despite repeated waves of global and regional turbulence. …

Carlos Carvallo Spalding, governor of the Central Bank of Paraguay, highlights prudent monetary policy and structural reforms in securing long-term growth. Global Finance: What is your expectation for the economy in the next 12 months? Carlos Carvallo Spalding: Paraguay’s economic outlook remains positive, supported by solid macroeconomic fundamentals, a diversified …

A cautious but upbeat Byadran Lkhagvasuren, governor of the Bank of Mongolia, is navigating volatility in commodities and strengthening ties with regional trading partners. Global Finance: What is the growth outlook for Mongolia in 2025? Byadran Lkhagvasuren: Mongolia’s economy is projected to grow by around 5%-6% in 2025, supported primarily by copper …

Gent Sejko, governor of the Bank of Albania, discusses the country’s economic transformation. Global Finance: In your 10 years as governor, Albania’s economic outlook has transformed. What role has the Bank of Albania played? Gent Sejko: Albania has experienced remarkable economic growth, prosperity and macroeconomic stability over the past decade. Our overall …