Wells Fargo, opens new tab beat Wall Street estimates for quarterly profit, boosted by strong investment banking fees and as it doled out more loans after its regulatory shackles were removed last year. The boost in its loan book came...
FDI inflows reached US$150,9b as the it strengthened its investment role. Singapore became the world's second largest recipient of foreign direct investment (FDI) in 2025 after inflows increased to US$150.9b, according to the United Nations Conference on Trade and Development...
Crédit Agricole CIB announced the launch of Smart Platform Assisted SustainablE (SPASE), a new AI-powered ESG-linked trade finance solution aimed at enabling companies to assess ESG performance across suppliers, products and trade flows. According to Crédit Agricole CIB, the new...
The facility was structured to refinance existing debt and provide liquidity to support Pinnacle’s future acquisition strategy. Archway provided a $25 million revolving credit facility to Pinnacle Technology Solutions (PTS), a growing U.S. hybrid it solutions provider selling infrastructure, software...
The world's leading economic and energy institutions have called for renewed efforts to resolve the conflict in the Middle East and reopen the Strait of Hormuz, warning that although the global economy has remained resilient, the war continues to...
Global upgrades outpace downgrades for non-financial companies in Q2. For the first time in 18 months, the trend in global corporate credit ratings turned positive in the second quarter, says Fitch Ratings. In a new report, the rating agency reported that...
Swift, whose messaging system is used by banks for millions of transactions a day, said a blockchain-based network designed to facilitate round-the-clock money transfers across borders is ready for initial use. The Society for Worldwide Interbank Financial Telecommunication said Thursday...
Standard Chartered has completed its first batch of gold transactions and settlements through Hong Kong’s Gold Central Clearing and Settlement System. The bank said the transactions formed part of the system’s trial operation and supported Hong Kong’s development as a...
With oil prices now easing, policymakers expect some relief for households and businesses. New Zealand’s central bank raised its benchmark official cash rate by 25 basis points to 2.5 per cent and made clear that further rate hikes are necessary...
Renewable energy continued to be the most cost-competitive source of new electricity generation in 2025, with more than 90 per cent of newly added utility-scale renewable capacity proving cheaper than the lowest-cost new fossil fuel alternatives, according to the...
