Downward revision in GDP growth due to lower estimates for exports, consumer spending, government spending, investment, says Bureau of Economic Analysis The US economy has expanded by 0.7% in the last quarter of 2025, while the preliminary estimates had pointed...
Move marks latest sign of rapprochement between two Asian giants. India approved easing restrictions on Chinese investments in select sectors, the government said, to help ease a capital squeeze and marking a reset of economic ties after six years of...
The Monetary Authority of Singapore (MAS), the central bank and financial regulator of Singapore, announced the release of its finalized “Guidelines on Environmental Risk Management – Transition Planning,” setting out its supervisory expectations for banks, asset managers and insurance...
Biotech startup Shellworks announced that it has raised $15 million in a Series A investment round, with proceeds aimed at scaling its technology designed to produce an affordable biomass-based alternative to plastic packaging. Founded in 2019 by Insiya Jafferjee and...
Clean iron producer Electra announced that it has secured $30 million in new capital, through a venture debt facility from J.P. Morgan. Founded in 2020, Colorado-based Electra has developed a low-temperature process to electrochemically refine iron ore into 99% pure...
HSBC announced that it mobilized more than $102 billion in sustainable finance and investment in 2025, reaching a new annual record for the bank, and the first time that it has exceeded $100 billion. The results, reported within HSBC’s recently...
Restrictions on global trade affected US$2.7tn worth of goods throughout 2025, more than triple the amount impacted last year, a report from Allianz Trade has found. Trade-restrictive measures, such as tariffs and sanctions, now have an influence on almost...
DBS reported record profit before tax of $13.1b in 2025. Total income rose 3% to $22.9b, but net profit fell 3% to $11.0b due to the global minimum tax. Return on equity was 16.2%, and the cost-income ratio was 40%. Net...
The Zurich-based private bank Rothschild & Co Bank looks back on a challenging financial year 2025. Net profit almost halved, while the cost-income ratio rose to more than 82 percent. Rothschild Chairman Gary Powell writes in the annual report of...
The firm is also raising a regional special situations fund. Ares Management is planning to establish its first Asia local currency private credit fund in Thailand, according to sources familiar with the matter, as the country emerges as a new...
