Vina Cheung expects RMB to rise to the third most-used global payment currency. HSBC is betting Hong Kong will drive demand for China’s renminbi (RMB) as the currency strengthens and gains wider use in global trade. “We do see very supportive...
The wholesale and retail trade sector follows with 13.4%. The finance and insurance sector was amongst the industries receiving the highest foreign direct investment (FDI) in Singapore in 2024, accounting for 65.5% of the total stock, according to the Singapore...
Profit before tax increased to 2.7%. CIMB Group Holdings Berhad reported a net profit of $2.03b (RM7.9b) for the financial year ended 31 December 2025, a 1.7% increase from $1.98b (RM7.7b) in the previous year, according to a press release. The...
The Swiss National Bank, opens new tab reported an annual profit of 26.1 billion Swiss francs ($34 billion) for 2025, the central bank said on Monday, confirming its earlier provisional figures. The SNB said in January it expected to make...
Country's GDP reaches $1.6T in 2025, up from $1.36T in 2024. The Turkish economy expanded by 3.6% in 2025 on a yearly basis, the Turkish Statistical Institute (TurkStat) stated on Monday. The country's GDP reached 63 trillion Turkish Liras ($1.59 trillion)...
Asia’s high-income economies, which heavily rely on commodity imports, are particularly vulnerable to the direct economic fallout from the conflict in the Middle East, according to Moody’s Analytics. It said in a statement on Monday that the conflict has led...
India's economy grew 7.8 per cent in October-December from the same period a year earlier, after posting 8.4 per cent growth in the previous quarter, the government said on Friday, as it unveiled a revised series of national output...
R&I raises long-term foreign currency rating to BB with stable outlook. Japan-based Rating and Investment Information upgraded Türkiye’s sovereign credit rating by one notch Friday, marking its first increase for the country in eight years. R&I raised Türkiye’s long-term foreign currency...
After replacing workers, new wave of autonomous AI tools start replacing entire software products, as traditional software-as-a-service sector sees its worst period since 2008 financial crisis. Rapid advances in artificial intelligence tools are roiling global markets and raising concerns about...
Assets invested in the ETFs industry globally reached a new record of US$20.64 trillion at the end of January, breaking the prior record of $19.85 trillion set at the end of December 2025. During January, the ETFs industry globally gathered...
