Excluding one-off expenses incurred in the acquisition of Citigroup’s consumer banking businesses, Q2 profit would have been S$ 1.49 billion(US$ 1,12 billion). UOB’s net profit for its second quarter rose due to double-digit fee income growth and lower credit allowances,...
The CFA Institute Research and Policy Center, the global association of investment professionals, has unveiled a new classification framework aimed at enhancing transparency and investor understanding of smart-beta, direct indexing and index-based investment products. The initiative includes policy recommendations for...
According to a new industry survey, while construction still faces challenges, inflationary pressure is softening and stabilising costs are allowing investment flow in key global growth sectors. Years of supply chain disruption and geopolitical volatility means many nations are investing...
GRI, TFND issue joint guidance, map to facilitate sustainability reporting. In an effort to facilitate disclosure of issuers’ biodiversity risks, the Global Reporting Initiative (GRI) and the Taskforce on Nature-related Financial Disclosures (TNFD) issued joint guidance that spells out how...
Defaults, delinquencies poised to rise for rate-sensitive borrowers. With the economy slowing and rate cuts still in the distance, U.S. credit conditions are expected to deteriorate in the second half, says Fitch Ratings in a new report. The rating agency noted...
It’s the central bank’s first rate cut since the onset of the Covid-19 pandemic. The Bank of England has cut interest rates for the first time since the onset of the COVID-19 pandemic in early 2020 as inflationary pressures in...
The Hong Kong Monetary Authority (HKMA) left the base rate it charges through the overnight discount window at 5.75 per cent, after the US Federal Reserve held its rates steady. The Fed ended its latest two-day policy meeting with a...
Inflation-adjusted GDP climbs after increase in total production of goods and services, household consumption, 1st estimate shows. France’s inflation-adjusted gross domestic product (GDP) climbed 0.3% in the second quarter of the year compared to the previous quarter, the first estimate...
Rating could be upgraded with recovery in foreign-currency reserves, easing of external financing risks, government debt falling, says agency. Fitch Ratings said it upgraded Pakistan's long-term foreign currency issuer default rating to CCC+ from CCC. The rating agency said the upgrade...
Annual GDP hike matches previous quarter’s growth rate, while quarterly growth slows down from Q1. Portugal’s gross domestic product (GDP) increased 1.5% on an annual basis in the second quarter of the year, matching the yearly growth rate of the...
