Operating profit before impairment losses is up 3%. The Bank of East Asia (BEA) has logged a profit attributable to owners of the parent of HK$4.6b (approximately US$591.9m) in 2024, 11.9% higher compared to 2023, the bank’s latest financial highlights...
The London-based bank said pretax profit increased 6.5% to USD32.31 billion in 2024 from USD30.35 billion a year prior. Diluted earnings per share was USD1.24, up 8.8% from USD1.14. Revenue fell 0.3% to USD65.85 billion from USD66.06 billion as operating expenses...
Standard Chartered reported a net profit of US$3.59 billion for last year, up by 19 percent year-on-year, thanks to a robust wealth business. The British lender also declared a final interim dividend of 28 US cents, leading to a full-year...
In a record-breaking half decade, windfalls are concentrated in advanced economies. Greenfield foreign direct investment announcements are a harbinger of global economic shifts caused by changing policies and markets. FDI is a lens for assessing long-term corporate bets. Capital committed...
Net income per share is JPY85.26. Japan Post Bank reported a net income attribution to owners of the parent of almost JPY308.35b ($2.05b) for the first nine-month period that ended on 31 December 2024 (FY2025/3). This is higher by 17% year-on-year...
Several large Asian banks have joined their European peers in offering support to the industry’s biggest climate alliance, after a wave of exits by Wall Street and Canadian lenders. Singapore and Malaysia-based banks, including DBS Group Holdings, Oversea-Chinese Banking Corp,...
Swiss economic growth accelerated in the fourth quarter compared with the previous three months, driven by both industry and the services sector. Adjusted for sporting events, gross domestic product (GDP) expanded by 0.4% from the third quarter, the figures published...
Japan's economy grew faster than expected in the fourth quarter, on improved business spending and a surprise increase in consumption and shoring up the central bank's case for more interest rate hikes. Gross domestic product expanded 2.8% annualised in the...
Australia’s Westpac posted a rise in its first-quarter net profit as deposits and loan volumes grew, and said a widely awaited interest rate cut by the central bank should help households and businesses grappling with cost-of-living pressures. Australia’s No. 2...
Exports rose slightly by 0.6%, while imports declined 3.7% last year. The euro area posted a trade surplus of €176.9 billion in 2024, more than triple the previous year's €57.4 billion, according to official data. The eurozone's exports of goods to...
