South America’s biggest economy sees GDP increase of 0.8% on quarterly basis. Brazil’s economy annually grew 2.5% in the first quarter of this year, compared to the same period of 2023, according to figures released Tuesday by the Brazilian Institute...
The BOC says indicators of underlying inflation looked increasingly positive. The Bank of Canada (BOC) on Wednesday (Jun 5) trimmed its key policy rate by 25 basis points to 4.75 per cent, its first cut in four years, and said...
The value of money owed by governments rose by US$5.6 trillion from 2022, UN Trade and Development says. Global public debt rose to a record $97 trillion last year, the United Nations reported Tuesday, with developing countries owing roughly one-third...
A.P. Moller–Maersk (Maersk) has reported signs of further port congestion, especially in Asia and the Middle East, and an additional increase in container freight rates. This comes on the back of continued strong market demand and the disruption caused by...
Thanks to a solid operating income performance and maintained costs. CIMB Group’s net profit climbed 17.7% year-on-year (YoY) to $0.41b, attributable to strong operating income growth and contained costs and provisions. “The positive performance translates to an improvement in the Group’s...
At some of the world’s biggest banks, loans to commercial real estate face new litmus tests that promise to shape the sector’s access to financing. At issue is the carbon emissions of buildings and the expected cost of upgrades needed...
Japanese banks were the biggest winners whilst Chinese banks’ total revenue dipped. The 20 banks in Asia Pacific (APAC) who earned the most in 2023 saw their combined revenue rise by 4.3% over the year, according to a report by...
The decline is the first drop in a year, S&P says. Amid high interest rates, U.S. corporate liquidity began declining in the first quarter of 2024, S&P Global Market Intelligence said. Reported cash and other liquid assets dropped to 21.5% of...
The digitalisation and entry of Big Tech into finance create new vulnerabilities and amplify existing risks in the banking system that may need new rules to mitigate, global banking regulators said. The growth of cloud computing, whereby key banking services...
In 2023, carbon pricing revenues reached a record $104 billion, according to the World Bank’s annual “State and Trends of Carbon Pricing 2024” report released. There are now 75 carbon pricing instruments in operation worldwide. Over half of the collected...
