Bank of Communications, opens new tab, one of China's major five state-owned banks, reported on Friday a 2.2% rise in net profit last year. Net profit reached 95.622 billion yuan ($13.84 billion), above the 93.75 billion yuan median of 18...
Slower growth in China and worsening property risks is amongst factors that can affect banks. Banks in the Asia Pacific (APAC) region should be able to absorb key risks, including the impact of the Middle East war and property risks...
Luxembourg consolidated its position as the world’s leading cross-border investment hub in 2025, with assets under management in Luxembourg-domiciled funds surpassing €8 trillion for the first time, standing at €8.2 trillion at the end of the year. This reflects the...
Most rated insurers in the GCC are expected to remain broadly stable in the short-to-medium term, according to S&P Global Ratings. "This is thanks to robust earnings generation in recent years, which has contributed to a significant buildup of capital...
The city is re-emerging as a primary destination for shifting capital, amid geopolitical volatility in the Middle East and regulatory tightening in Singapore. The competition among global banks for Hong Kong’s US$1 trillion of private wealth is intensifying. Wall Street titans...
The stress test found banks from poorer regions as most vulnerable. Chinese banks’ top risks are when its customers are too big to fail, warned S&P Global Ratings, based on a stress test conducted by the central bank. The People’s Bank...
Fed says implications of developments in Middle East for US economy 'uncertain'. The US Fed has kept its benchmark rates unchanged in an 11-1 vote, at 3.5-3.75% range, in line with market forecasts. The Fed seeks to achieve maximum employment and...
World Trade Organization warns that escalating conflicts in Middle East to drive up energy prices, slow global trade growth, and threaten food security. The World Trade Organization (WTO) announced that ongoing conflicts in the Middle East are putting significant pressure...
The US Dollar Index (DXY) is moving at a pivotal moment, reflecting the interplay of three key factors: the Federal Reserve’s monetary tightening, rising US Treasury yields, and escalating geopolitical risks, particularly in the Middle East, said an industry...
Consumer inflation to be higher in near term as result of new shock to economy, says Bank of England. The Bank of England has kept its policy interest rate constant at 3.75%, in line with market expectations. "Conflict in the Middle...
