World News

IMF’s 2022 Global Growth Projections Revised Downwards by 0.4ppt to 3.2%

August 2, 2022/United Capital Research The International Monetary Fund (IMF) released its Jul-2022 World Economic Outlook Update highlighting the downward revision of global and regional growth forecasts in its baseline scenario. The IMF estimates that global growth would be 3.2% in 2022 and then moderate to 2.9% in 2023. This […]

ADDX Lists Private Credit Fund Managed by Helicap Investments to Promote Financial Inclusion in South-East Asia

Since 2018, the flagship Helicap Fund I has disbursed more than US$100 million in loans and has achieved a net return of around 10% on an annualised basis July 28, 2022/ADDX Jolene Ang joleneang@addx.co Helicap Investments has listed its flagship fund, Helicap Fund I, on the private market exchange ADDX […]

Ukraine will pursue war-crimes charges against leaders of JPMorgan Chase, Citi, and HSBC over Russia financing, Zelenskyy’s economic advisor says

July 26, 2022/businessinsider.com Ukraine is pursuing war-crimes charges against leaders of major Western banks, an official said. The Zelenskyy advisor Oleg Ustenko earlier asked the banks to stop financing traders of Russian oil. Ustenko told CNBC on Tuesday that Ukraine was gathering data on banks and would pass it to […]