Ultimately, reduced settlement cycle will pay off for overall financial system. The imminent adoption of a shorter settlement cycle for North American securities markets poses short-term risks to the industry but will benefit the markets in the long run, according...
Longer-duration US Treasuries and high-quality corporate credits ought to deliver attractive returns through year-end, says Franklin Templeton Institute’s Stephen Dover. Meanwhile, credit spreads remain tight. As a result, risk-reward does not favour lower quality credits, such as high yield. “Recent wobbles...
The Chinese president toured the country’s largest destinations for recent investment. The choice of stops on Chinese president Xi Jinping’s tour last week of Europe, his first since 2019, were no accident. He arrived in France on May 5 to...
In 2023 most of the five biggest banks reduced fossil fuel funding relative to previous years. Canadian banks provided almost US$104 billion in fossil fuel funding last year despite the urgent need to reduce emissions, says the latest annual Banking...
It reported a net profit of 328.9 billion yen ($2.11 billion) for the January-March period. Japanese technology giant SoftBank Group swung to a quarterly profit from a year earlier, reporting a net profit of 328.9 billion yen ($2.11 billion) for...
The Philippines' gross domestic product (GDP) expanded 5.7 percent year-on-year in the first quarter of 2024, the Philippine Statistics Authority (PSA) said. The latest figure is higher than the 5.5 percent growth in the fourth quarter of 2023, but lower...
The average bad loans ratio is 0.16%. Taiwan’s 38 domestic banks have extended $1.23t in loans by the end of March 2024, according to data from the Financial Supervisory Commission (FSC). This is about $14.49b higher than in February. The total...
After eight rate hikes in Sweden, inflation is now close to the Riksbank’s 2% target after peaking at over 10%. Sweden's central bank cut its key interest rate to 3.75 per cent from 4.00 per cent on Wednesday (May 8)...
U.K. inflation is forecast to fall below target in the near term. The Bank of England maintained its key U.K. interest rate at a 16-year high of 5.25% though it gave a broad hint that a reduction could be on...
U.S. and Canada lead the way in global deal value. Deal activity in the global private equity market surged in April, according to S&P Global Market Intelligence. The value of deal-making totalled $65.1 billion (all figures in U.S. dollars) last month,...
