China’s central bank on Monday left a key policy interest rate unchanged as widely expected when rolling over maturing medium-term loans, and drained some cash from the banking system through the bond instrument. Keeping the medium-term lending facility (MLF) rate...
The US Federal Reserve is expected to start cutting rates in mid-2024. Don’t expect Singapore banks to hit new record earnings this year– thinner interest margins are in the books, although loan growth should be higher, says S&P Global Ratings. The...
4Q23 marks the 5th consecutive quarter that the combined NII of the big three was above $8b. DBS Group Holdings (DBS), Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB) have reported a combined net interest income (NII) of $8.3b...
A coalition of climate groups filed shareholder proposals with Japan's top three banks, including Mitsubishi UFJ Financial Group, calling for stricter board oversight of climate-related risk. The proposals from Australia's Market Forces, Japan's Kiko Network and a representative of Rainforest...
The bank reportedly commanded a total issuance volume double to its closest rival. Citi has emerged as the top underwriter for equity capital markets (ECM) in Asia excluding Japan for the first three months of 2024, according to data from...
Singapore's economy grew 2.7% in the January-March period from a year earlier, preliminary data showed, accelerating from 2.2% expansion in the previous quarter due to a recovery in the tourism sector. According to the Ministry of Trade and Industry, the...
Ukraine's gross domestic product (GDP) growth will slow to 3.2% in 2024, reflecting lower harvests and persistent labor shortages, the World Bank forecast in the Europe and Central Asia Economic Outlook released on Thursday. "The country's economic prospects remain conditioned...
The world economy has been “remarkably resilient” despite a more challenging global environment, but better policies need to be in place to avoid entering a decade of sluggish growth and rising debt, the International Monetary Fund (IMF) chief said. Global...
Global steel demand is projected to rise by 1.7% in 2024 and 1.2% in 2025, according to the London-based World Steel Association (worldsteel). The worldsteel is one of the largest and most dynamic industry associations in the world, with members...
Bahrain’s gross domestic product (GDP) increased by 2.4% at constant prices in 2023 when compared to the previous year, according to national accounts estimates issued by the Information and eGovernment Authority (iGA). The GDP surged to $40 billion at constant...
