Their uncertainty risks were raised to medium in April 2025. Singapore’s big three banks’ “uncertainty ratings” have been lowered to low as US tariff risks ease, according to the Morningstar Equity Analyst Note. “We now judge these risks to have eased...
Global investment in new renewable energy projects hit a record $386 billion in the first half of 2025, up 10% from the previous year, a report said. However, asset finance for utility-scale solar and onshore wind shrank by 13% compared...
Imagine shrinking Malaysia’s boldest hydrogen hub down to the size of a cargo crate. That’s exactly what SEDC Energy Sdn Bhd is betting on, as it negotiates to send solid green hydrogen from Sarawak to Singapore using the slick...
Mitsubishi UFJ Financial Group (MUFG), one of the 10 largest global financial groups, to announce the closing of a $75 million senior secured revolving credit facility for Activehours, Inc. d/b/a EarnIn ("EarnIn"), a leading earnings management company. The facility, structured...
GDP growth rate exceeds expectations in 2nd quarter. The Turkish economy has grown by 4.8% year-on-year in the second quarter of this year, exceeding expectations. Gross domestic product (GDP) at current prices soared 43.7% to 14.62 trillion Turkish liras ($377.6 billion)...
France's economy grew slightly in the second quarter, final data from statistics office INSEE showed, confirming the preliminary reading of 0.3% that showed the euro zone's second-largest economy gaining momentum. The result was in line with an average forecast of...
The first transaction was completed between a StanChart account and an e-wallet. Standard Chartered Bank, Ant International, and Swift have launched live production trials for bank-to-wallet payment solutions using the ISO 20022 financial messaging standards. The first transactions were completed successfully...
Loans increased in Malaysia and Singapore but fell in Indonesia. Maybank’s net profit rose 4% year-on-year to $1.23b in H1 2025, its latest financial results showed. Net operating income grew 3.2% to $3.64b. Profit before tax (PBT) increased by 3.2% to $1.68b...
Assets invested in the global ETF industry hit a new milestone with a record US$17.34 trillion at the end of July – surpassing the previous high of $16.99 trillion set just a month earlier. During July, the ETFs industry globally...
Bank continues recovery from anti-money laundering charges. TD Bank Group swung to a profit in its latest quarter compared to last year as it continues to restructure and recover from anti-money laundering failures. “This quarter, we made significant progress on our...
