Thailand’s economy expanded 3.0 per cent in the third quarter from a year earlier, official data showed, the fastest pace in two years and beating the median forecast of 2.6 per cent growth in a Reuters poll of analysts. On...
Colombia economy grew 2.0% year-on-year in third quarter Colombia's economy grew 2.0% year-on-year in the third quarter, the government's DANE statistics agency said. The result came in below market expectations of 2.3% in a Reuters poll last week and the central...
Aluminum prices are expected to stay elevated in 2024 owing to a tightening market balance on the back of strong growth in global demand outpacing supply, says BMI, a unit of Fitch Solutions Group. In a report released, the analytics...
On yearly basis, GDP in UK estimated to have risen 1% in July-September. Gross domestic product (GDP) in the UK economy rose 0.1% in the third quarter of 2024 compared to the previous period, below market forecasts, according to flash...
Bangkok Bank reported a net profit attributable to shareholders of over $358.91m (THB12.47b) for the third quarter period that ended on 30 September 2024. Basic earnings per share was THB6.54 (approximately $0.19) for the period, higher than the THB5.95 ($0.17)...
The Spanish banking community has become the first EU market to enable instant cross-currency payments under the European Payment Council's OCT Inst (One-Leg Out (OLO) Instant Credit Transfer scheme. The entire Spanish banking community has been fully onboarded following pilot...
Non-interest income rose by 67.01%, although fee and commissions declined. The Industrial and Commercial Bank of China (Asia) (ICBC Asia) reported a consolidated profit attributable to shareholders of HK$4.26b (approximately US$547.2m) in the first six months of 2024 that ended...
Mitsubishi UFJ Financial Group, Japan's top lender by assets, raised its annual net profit forecast to a record 1.75 trillion yen ($11.23 billion) after second-quarter profit surged on higher interest rates and the sale of cross-held shares. Group net profit...
Oman’s non-oil sector experienced a 4.2 percent growth year on year in the first half of 2024, driven by the country’s strategic focus on economic diversification as outlined in its 10th Five-Year Plan (2021-2025). In an interview with the state-run...
Firms strong enough to face down weak flows, growing margin pressure. Despite weak flows of new money and intensifying competitive pressure on their margins, the credit profiles of traditional investment managers remain solid, according to Fitch Ratings. In a new report,...
