China’s exports grew 17.9% in June
Imports are growing more slowly, up 1% from last year, customs data show.
US venture capital dealmaking slows due to economic uncertainty
Venture capital activity in the United States declined in the first half of 2022 as investors shied away from signing large checks for startups due to uncertain macroeconomic conditions and market turmoil, according to the report.
Singapore’s economy grew 4.8% year-on-year in the second quarter
According to live data, Singapore's economy grew by 4.8 percent year-on-year in the second quarter of 2022, up from 4 percent three months earlier.
Stress tests highlight banks’ climate challenges
Reliable data is scarce and lending to heavy polluters is high, Fitch said.
Commerzbank joins the Contour blockchain trade finance network
Singapore-headquartered Contour has announced the addition of Commerzbank to its blockchain trade finance network, bringing the number of participants to 17 banks. The network is digitizing letters of credit.
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.
