Net fee income rose to a new high but non-interest income fell. UOB Group posted a $1.5b net profit for Q1 2025, flat compared to Q1 2024, its latest performance highlights report showed. The Singapore-headquartered bank said that profit was supported...
Hong Kong's economy grew in the first quarter by 3.1 per cent from a year earlier, official estimates showed. That was a faster rate than the mean forecast of 2.1 per cent year-on-year growth by six economists in a Reuters...
Indonesia's economy grew 4.87 per cent in the first quarter from a year earlier, its weakest growth rate in more than three years, official data showed on Monday, compared with a 4.91 per cent growth rate expected by analysts...
The changing regulatory landscape being driven by the Trump administration could see 2025 being blockchain's 'ChatGPT' moment and also drive huge growth in stablecoins, according to research from Citi. Citi predicts that the total outstanding supply of stablecoins could grow...
Saudi Arabia’s real GDP grew 2.7% y-o-y in Q1 2025, driven by a 4.2% rise in non-oil GDP, while oil GDP declined by 1.4%, according to flash estimates by GASAT. The non-oil PMI reached 58.1, and remained above the long-run...
Its full-year 2025 targets remain the same. ING has posted a net profit of €1.45b for Q1 2025, 7.8% year-on-year (YoY) lower than a year earlier, its latest consolidated results report showed. Net interest income (NII) fell by 5.3% to €3.62b...
Undertakings for the collective investment in transferable securities (Ucits) funds continued to see investor interest in February 2025, with net inflows climbing to €105 billion—up from €101 billion the previous month, according to the European Fund and Asset Management...
Global annual revenue from climate-adaptation solutions could grow from the present US$1 trillion to about US$4 trillion by 2050, assuming a base-case scenario in which global temperatures rise by 2.7 deg Celsius by 2100, according to a paper recently...
No.2 Australian mortgage lender Westpac's first-half profit missed expectations as loan spreads narrowed, and it warned that shifting global trade policies were rattling markets and tightening funding conditions. Westpac posted a 1% drop in its net profit for the six...
Shifting global trade relations have increased economic uncertainty with serious risks to growth, making it difficult for international banks to read the medium term outlook effectively, HSBC Chairman Mark Tucker said on Friday. Speaking at the bank's annual shareholder meeting...
