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HSBC Injects $4 Billion Into Private Credit Funds Amid Market Expansion

With a $4 billion investment into its private credit funds, HSBC hopes to increase its market share in the $2 trillion worldwide private credit indust

With a $4 billion investment into its private credit funds, HSBC hopes to increase its market share in the $2 trillion worldwide private credit industry. The money will be invested in alternative credit funds managed by HSBC Asset Management, which hopes to raise outside funding to create a $50 billion credit fund in five years. Given the fall in revenues from traditional lending, HSBCs action is consistent with a larger trend of banks expanding into private loans. CEO Georges Elhedery positioned HSBC against private equity behemoths like Ares Management and Blackstone by emphasising the move towards higherreturning investments. Direct lending in the UK and Asia will be the primary focus of the funds global deployment. Read More..

B2B Tech News | 18 days ago        

ADNOC Drilling Expands Beyond UAE With $112 Million SLB Acquisition

For $112 million, ADNOC Drilling purchased a 70% share in SLBs land drilling rig operations in Oman and Kuwait, initiating its first significant foray

For $112 million, ADNOC Drilling purchased a 70% share in SLBs land drilling rig operations in Oman and Kuwait, initiating its first significant foray outside of the United Arab Emirates. Eight working rigs—six in Oman and two in Kuwait—under contracts with domestic oil corporations are part of the agreement. In addition to an upfront payment of $91 million, ADNOC Drilling will also pay $21 million based on performance. A $1 billion revolving loan will finance the acquisition, which is anticipated to finalise in Q1 2026. Through acquisitions and tenders, ADNOC Drilling hopes to strengthen its regional drilling presence by doubling the number of its rigs in the area. Read More..

B2B Tech News | 21 days ago        

South Africa’s Central Bank Cuts Interest Rate to 7.25% Amid Growth Concerns

Citing slower economic growth and muted inflation, South Africas central bank lowered its benchmark interest rate by 25 basis points to 7.25%. Five me

Citing slower economic growth and muted inflation, South Africas central bank lowered its benchmark interest rate by 25 basis points to 7.25%. Five members of the Monetary Policy Committee MPC supported the cut, while one member pushed for a more drastic 50 basis point cut. Policymakers lowered borrowing costs in April as inflation dropped to 2.8%, below the central banks goal range of 3% to 6%. Governor Lesetja Kganyago stated that South Africas economic outlook is still impacted by uncertainty surrounding international trade, particularly U.S. tariff plans. The banks revised 2025 GDP growth prediction of 1.2% is lower than its previous projections, highlighting the necessity of monetary assistance. Read More..

B2B Tech News | 21 days ago        

Grammarly Secures $1 Billion From General Catalyst to Expand AI Platform

Grammarly has obtained $1 billion in nondilutive funding from General Catalyst with the goal of growing its productivity platform driven by AI. Throug

Grammarly has obtained $1 billion in nondilutive funding from General Catalyst with the goal of growing its productivity platform driven by AI. Through the funding of sales, marketing, and strategic acquisitions, Grammarly will be able to improve its communicationbased AI products and include thirdparty AI tools. With 40 million users per day, the company intends to apply AI for enterprise solutions and process automation. Former Coda CEO Shishir Mehrotra highlighted Grammarlys transition from a onepurpose agent to an AIpowered platform. The funding arrangement guarantees that General Catalyst will get a revenuelinked capped return instead of an equity stake. With a 2021 valuation of $13 billion, Grammarly is still pursuing workplace innovation powered by AI. Read More..

B2B Tech News | 21 days ago        

ASEANGCCChina Summit Strengthens Trade Ties Amid Global Uncertainty

A historic trilateral conference, the ASEANGCCChina Summit in Kuala Lumpur, focused on economic cooperation in the face of uncertainty surrounding glo

A historic trilateral conference, the ASEANGCCChina Summit in Kuala Lumpur, focused on economic cooperation in the face of uncertainty surrounding global trade. ASEAN, GCC, and Chinese leaders pledged to improve trade relations, emphasising free trade agreements and interregional investment. With the three blocs total GDP of $24.87 trillion, Malaysian Prime Minister Anwar Ibrahim emphasised the potential for deepening innovation and synchronising markets. Beijings commitment to macroeconomic coordination and industrial cooperation was reiterated by Chinese Premier Li Qiang. With ASEAN extending its economic engagement with China and the Gulf states while maintaining a balance with the United States, the summit marks a strategic shift. Read More..

B2B Tech News | 22 days ago        

Ghana’s Cedi Surges 42% Against U.S. Dollar, Easing Debt Burden

Since January, Ghanas cedi has increased 42% vs the US dollar, greatly lowering the nations foreign debt load and enhancing fiscal stability. Tight mo

Since January, Ghanas cedi has increased 42% vs the US dollar, greatly lowering the nations foreign debt load and enhancing fiscal stability. Tight monetary policies, a successful IMF programme, and recordhigh gold prices have all contributed to the rebound, which has shocked investors and improved Ghanas economic prospects. Ghana has accelerated its debt sustainability goal by reducing its total debt by 150 billion cedis in just five months, according to President John Mahama. Citing falling cocoa and oil prices as well as IMF estimates that foresee depreciation, analysts caution that the rally might not endure. The central bank credits gains to robust remittance flows and cleaner foreign exchange auctions, but denies using foreign reserves to bolster the cedi. Read More..

B2B Tech News | 22 days ago        

IndiaU.S. Strategic Trade Dialogue Strengthens Bilateral Economic Cooperation

In Washington, U.S. Deputy Secretary of State Christopher Landau and Indias Foreign Secretary Vikram Misri met to restate their shared commitment to r

In Washington, U.S. Deputy Secretary of State Christopher Landau and Indias Foreign Secretary Vikram Misri met to restate their shared commitment to regional stability and economic cooperation. In keeping with the IndiaU.S. COMPACT strategy, which was introduced earlier this year, the meeting focused on techtradetalent as the cornerstone of IndiaU.S. strategic ties. While Misri emphasised bilateral trade expansion and technical collaboration, Landau emphasised the significance of equitable and reciprocal market access. Economic security measures were reinforced by discussions on counternarcotics cooperation and migration policy. The conversation is a sign of growing economic cooperation as both countries look to improve investment prospects and trade agreements in the face of shifting global market conditions. Read More..

B2B Tech News | 22 days ago        

RGE and TotalEnergies Partner to Develop Solar Power Plant in Indonesia

In order to build a solar power plant with battery energy storage in Indonesias Riau Province, Singapores Royal Golden Eagle RGE and Frances TotalEner

In order to build a solar power plant with battery energy storage in Indonesias Riau Province, Singapores Royal Golden Eagle RGE and Frances TotalEnergies have inked a coinvestment agreement. Under the direction of their joint venture, Singa Renewables, the project will be built in stages to support ASEANs Power Grid vision and Indonesias green energy transformation. Highlevel official support was demonstrated by the agreements signing in front of French President Emmanuel Macron and Indonesian President Prabowo Subianto. When finished, the project would export solar power to Singapore and provide clean energy to Indonesias industrial sector, enhancing regional energy security. Read More..

B2B Tech News | 22 days ago        



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