Singapore's economy expanded by 4.4 per cent in 2024, up from an earlier 4.0 per cent advance estimate, according to the Trade and Industry Ministry (MTI). The growth is faster than the 1.8 per cent expansion in 2023, mainly driven...
Barclays upped its 2025 performance guidance after posting a 24 per cent rise in annual pretax profit for 2024 that beat expectations, as its investment bank enjoyed strong income growth and slower than expected interest rate cuts boosted its...
Biodiversity particularly saw the largest increase in the share of companies setting targets. A recent report by McKinsey & Company highlighted the overall increase in corporate pledges to protect various aspects of nature since 2022, with five out of six...
The Central Bank of Uruguay raised its benchmark policy rate by 25 basis points to 9% during its February 2025 meeting, reaffirming its goal of achieving inflation convergence toward the 4.5% target within the 24-month Monetary Policy Horizon. Annual inflation...
Kyrgyzstan's GDP advanced by 10.6% from January to December 2024, accelerating from a 7.4% rise in the corresponding period of the previous year and marking the fastest expansion in over three years. The growth was driven by strong performances from...
The Commonwealth Bank of Australia (CBA) earned a statutory net profit after tax of A$5.14b (approximately US$3.24b) for the six-month period that ended on 31 December 2024, a 6% year-on-year (YoY) rise compared to H1 2024, its latest financial...
The value of pension assets globally rose by 4.9% in 2024 to reach a record-high level of US$58.5 trillion, thanks largely to the growth of the largest defined contribution (DC) markets. However, the annual Global Pension Assets Study published by...
Singaporean banks and ocean carriers have partnered to launch a real-time verification system for bills of lading (BLs), the latest move in the city-state’s bid to use technology to fight trade finance fraud. The launch of the tool was announced...
Dutch lender ABN Amro's fourth-quarter profit and net interest income beat expectations on Wednesday, lifting the shares 7% to their highest in 5 years as the bank kept a lid on costs. ABN Amro, one of three dominant banks in...
Dubai’s family offices control more than US$1 trillion in assets. Pacific Investment Management Co (Pimco) opened a Dubai office, becoming the latest major fund manager to deepen its presence in the Middle East. The Newport Beach, California-based firm, which manages around...
