Fees contracted for the first time in 5 years a quarter earlier. The net profit of 42 A-share banks in China declined by 0.81% in Q1, at the heels of net interest margins contracting for the fourth-straight year in 2023,...
Dubai has ranked No 1 for attracting global greenfield foreign direct investment (FDI) projects in 2023, for the third successive year, according to the Financial Times’ ‘fDi Markets’ data, a report said. The city was also No 1 globally within...
South Korea's major ocean carrier HMM achieved increased revenue and profits in the first quarter of the year. In particular, the company reported US$1.7 billion in revenue in the first three months of 2024, translating to a 12% growth from...
The UAE continues to demonstrate robust growth in its non-oil sectors, driven by strong government support and solid demand, according to the Organisation of the Petroleum Exporting Countries (Opec). The UAE's non-oil GDP registered a significant y-o-y increase of 7.3%...
A series of investments in Malaysia that focused on the semiconductor industry signals the country's shift to attracting investors in high-end manufacturing. Among notable semiconductor investments that Malaysia has secured are from German-based global semiconductor company, Infineon Technologies AG, which...
There was a 37.5% increase in inward FDI to Germany compared to 2022, during which €25.3bn of investment was generated. Germany secured a record €34.8bn ($37.7bn) of foreign direction investment (FDI) during 2023, according to the annual FDI study of...
Both projects and capex fared strongly last year, but major disruption is underway. At first glance, the latest 2023 figures on announced greenfield FDI point to a resilient landscape. Both project numbers and capital expenditure remain strong after bouncing back...
The protracted property downturn in Hong Kong and mainland China could weaken credit strength of banks in Hong Kong, a Moody's report said. With over half of their total loan portfolios tied to real estate, Hong Kong banks are heavily...
Netherlands makes 1/4 of total foreign direct investment flows to Türkiye in January-March, followed by US, Germany, says sectoral group. Foreign direct investment (FDI) flows to Türkiye amounted to $1.5 billion in the first quarter of this year, the International...
Net interest margins shrink as loans contract, deposit costs rise. U.S. banks reported negative loan growth in the first quarter, according to S&P Global Market Intelligence. Aggregate loans and leases held by U.S banks and savings and loan associations declined by...
