Banks are benefitting from higher demand for trade lending, review of half-year earnings suggests, although there are signs of weakening in the Middle East after months of disruption to shipping and supply chains. Several lenders in Europe and Singapore reported...
Fidelity International (FIL) plans to exit its wholly owned China fund unit, two people familiar with the matter said, marking one of the biggest retreats by a global asset manager from the world's second-largest economy. London-headquartered FIL, which manages $1.18...
Imports grow faster than exports as US surplus declines and deficit with China widens. Germany’s foreign trade surplus narrowed in the first half of 2026 as imports grew faster than exports, official data showed Thursday. The trade surplus fell 0.7% to...
The measures target managers and senior investment professionals. The Monetary Authority of Singapore (MAS) has announced plans to exempt qualifying profit-linked returns earned by fund managers from tax from the Year of Assessment 2027 onwards. MAS, in collaboration with the Ministry...
Net income rose 86% on growth in non-interest revenue from core businesses. Citibank Korea Inc. has reported a net income increase of 86% year-on-year (YoY) to $133.46m (KRW186.9b) in the second quarter of 2026. This is Citibank Korea’s highest-ever quarterly net...
Private equity firms are turning to minority stake sales and other financing strategies to return capital to limited partners ( LPs) as traditional exit routes remain challenging, according to law firm White & Case. Minority stake sales have become a...
Europe’s ETF industry reached a record $3.80 trillion in assets at the end of July, as year-to-date net inflows climbed to an all time high of $323.59 billion, according to ETF research firm ETFGI. Assets crossed the previous record of...
Data center, renewable energy, electric vehicle, and other related investments drive copper demand, while US-China supply competition and producers failing to meet production targets keep copper above $6.7 per pound. Copper reached a new record, rising as high as $6.73...
In celebration of America’s 250th anniversary, Bank of America announced the Critical Infrastructure Finance Initiative to mobilize and deploy $250 billion to support U.S. infrastructure development through financing, investment and advisory solutions. The capital will be mobilized and deployed...
Singapore’s non-oil domestic exports rose by 24.2% in July, the government said, following a 20.8% increase in June driven by robust AI-related demand. July’s data came after the government sharply raised its growth forecast for 2026 earlier this month due...
