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China, major banks financing new coal power projects in Africa, Asia, says report

September 16, 2021

VIENNA -- New research published by Sustainable Energy for All (SEforALL) and Climate Policy Initiative (CPI) says  pockets of funders continue to finance additional coal-fired generation capacity in South Asia and Sub-Saharan Africa. It says Chinese state-owned institutions and the world's largest banks continue to finance coal power in countries with greatest needs for electricity access, with US$42 billion committed to grid-connected coal power plants between 2013-2019 in 18 countries studied.

Japanese investors more cautious in offshore commitments: Natixis

September 17, 2021

TOKYO -- While global financial markets became more optimistic from March 2020 after the announcement of massive stimuli globally as a response to the COVID-19 pandemic, Japanese investors have remained cautious in investing overseas, according to a new report from global financial group Natixis. Even in the first half of 2021, the report says, Japanese investors have been trimming their portfolio investment overseas.

Stability key as Asia moves towards a sovereign digital currency model

October 5, 2021

HONG KONG - Ratings agency Standard and Poors believes Asia-Pacific monetary authorities will likely continue to partner with commercial banks if, and when, they roll out central bank digital currencies (CBDCs)."Central banks will likely lean toward a model where banks and other financial intermediaries continue to play a strong intermediation role, rather than one where central banks alone manage their digital currencies," said S&P Global Ratings credit analyst Gavin Gunning.