Hong Kong Exchange taps HSBC and Tencent to help create carbon market
Hong Kong's stock exchange said it has tapped banks including HSBC and companies such as China's Tencent to help it develop a global carbon market.
US rate hike will boost Singapore banks’ earnings to pre-COVID-19 levels
Given that Singapore has one of the largest contributions from higher US interest rates to local loan yields in Asia-Pacific, Fitch Ratings believes the country's banks' recovering operating profit and risk-weighted asset (RWA) ratios are on course to recover...
Bank ratings can withstand rising rates: Fitch
The rating agency confirms Canada's Big Six ratings.
OCBC, Standard Chartered ends 30 years of SORA OIS trading
The 30-year SORA OIS trade was the first transaction to be cleared by LCH.
Qatar’s economy grew 2.5% in the first quarter
Qatar's economy grew 2.5% in the first quarter from a year earlier, although growth slowed slightly from the previous quarter, according to official estimates.
China’s financial sector total assets rose 8.7% YoY at the end of the first quarter; securities assets rose 18.8%
Total assets of all segments of the Chinese financial sector showed stable growth in the year that ended in March.
Corporate loan rates in Europe have increased
European companies may find it difficult to negotiate the softer interest rates typically offered by the relationship-based corporate loan market as inflation and monetary tightening begin to weigh on the pockets of their backers.
Wall Street banks raise benchmark rates to match Fed hike
American banks JPMorgan Chase & Co., Citigroup and Wells Fargo & Co said they raised their key lending rates by 75 basis points to 4.75 percent, matching the Federal Reserve's rate hike earlier in the day.
Singapore’s exports rose 12.4% year-on-year in May
Singapore's core non-oil domestic exports (NODX) jumped in May from a low a year ago, trade agency Enterprise Singapore (ESG) said.
Fitch cuts its GDP forecasts
Headwinds are growing, worsening the outlook for the world's leading economies.
