financial firms
Coverage of financial firms in the Nexus archive.
- Hong Kong assets hit record US$5.38 trillion on renewed China appetite: SFC
Hong Kong's managed assets reached a record US$5.38 trillion in 2024, driven by renewed global investor appetite for Chinese assets. This marks a 20% increase from the previous peak of HK$35.5 trillion in 2023, with the city gaining an edge over Switzerland as a wealth hub.
- Brazil Goes After the Money Behind Illegal Betting, Putting Fintechs on Notice
Brazil's government, under President Lula, has signed a decree allowing the freezing and seizure of funds from illegal betting operators. The government has identified 37 financial firms, mostly fintechs and payment companies, involved in moving money for these operations.
- Chinese, N. Korean Threat Groups Build on Asia-Pacific Success
North Korea's GDP growth is partially attributed to cybercrime gains from groups linked to the nation, which target business and financial firms. The article highlights the role of cybercriminal activities in boosting the country's economy.
- AI is reshaping Britain's datacenter map away from London
UK AI datacenter capacity may shift away from London due to power shortages, planning constraints, and reduced reliance on low-latency financial connections. Experts suggest alternative locations are becoming more viable for hosting AI infrastructure.