Commercial lenders may need tighter internal models to contain interest rate exposure. Chinese banks could face greater volatility in lending yields as they increasingly price loans using interbank rates, requiring stronger asset and liability management to manage interest rate risks. Banks...
The earnings beat the S$2.88 billion consensus forecast in a Bloomberg survey of analysts as the bank declares a S$0.81 dividend per share DBS’ net profit for its second quarter rose as higher non-interest income – including a surge in...
Indonesia’s economy expanded faster than expected in the second quarter, with robust household spending and investment providing a cushion from a challenging global backdrop. The rupiah gained. Gross domestic product (GDP) rose 5.29% from a year earlier, Indonesia’s statistics agency...
Spanish steelmaker Hydnum Steel has secured a EUR 150 million investment commitment from Spain's state-owned development finance institution, COFIDES, to support the construction of what is planned to be the Iberian Peninsula's first clean steel plant. The facility, to be...
It reported a pre-tax profit of VND13.2t (US$505m). The Ho Chi Minh City Development Joint Stock Commercial Bank reported a pre-tax profit of VND13.2t (US$505m) in the first-half of 2026, reflecting a 31% year-on-year growth. Amongst its subsidiaries, HD SAISON posted...
In Uzbekistan, the volume of investment in fixed capital from all sources of financing totaled USD 28,4 billion (338.9 trillion soums) in January–June 2026, the National Statistics Committee reported. Compared to the same period last year, the indicator grew...
HSBC Holdings, opens new tab reported a better-than-expected first-half profit and raised its net interest income target, driven by revenue growth in lending and wealth management fee earnings on robust money flows. Europe's largest bank posted a pretax profit of...
Apollo Global Management has reported “record” earnings in the second quarter of 2026, with inflows pushing its assets under management (AUM) above $1tn. In its second-quarter earnings release, the alternatives giant reported $785m of fee-related earnings during the period, representing...
Group net income rises 23% to a record 1.79 billion euros that reaches forecasts. French bank Societe Generale (SocGen) posted record quarterly profit and upped its 2026 profitability target, as a recovery in retail banking and tight cost controls offset...
The UAE's real gross domestic product grew by 3 percent in the first quarter of 2026 to reach AED485 billion ($132.06 billion) at constant prices, while non-oil GDP grew by 4.8 percent, raising its contribution to 79.4 percent of...
