Bank of America, opens new tab beat estimates for first-quarter profit, as heightened market volatility pushed revenue from equities trading to a record and a rebound in mergers and acquisitions boosted investment banking fees. Global equity markets entered 2026 on...
The trade finance gap continues to sit at a persistent $2.5 trillion. The latest Asian Development Bank (ADB) survey on the gap identifies a subtle decrease in the percentage of total trade that the gap represents, as well as...
U.S. Bancorp, opens new tab reported a 13.6% jump in first-quarter profit, driven by higher interest income and fee revenue. Loan growth has been quite strong across the industry in recent months as a string of rate cuts by the...
Cross-border expansion rose as AI and ASEAN shape capital allocation decisions. Majority of business leaders and institutional investors in Singapore are increasing cross-border trade and investment and adjusting capital allocation strategies amidst heightened global volatility, HSBC said. In a survey released...
For the full year 2025, the currency appreciated 6.2% against the US dollar. Singapore attracted strong foreign investment and saw continued currency strength heading into 2026, according to a McKinsey report. The Singapore dollar remained firm, trading within a narrow range...
Manufacturing growth slowed to 5%, while construction rose by 9%. Singapore’s economy grew by 4.6% year-on-year (YoY) in the first quarter of 2026 (Q1), easing from the 5.7% expansion recorded in the previous quarter, according to the Ministry of Trade...
Profit increased to US$3.06 per share in the three months ended March 31. Citigroup beat estimates for first-quarter profit on Tuesday (Apr 14), as geopolitical tensions fuelled market volatility and boosted trading revenue, while strong dealmaking buoyed investment banking fees,...
Up to $100t will be transferred to Gen Z and Millennials over the coming decades. Stablecoin transaction volumes are expected to reach $719t by 2035, and as much as $1.5 quadrillion (q) if factoring in macro-catalysts, according to estimates by...
Its net profit came in at US$5.25 billion, or US$1.60 per share. Wells Fargo’s profit rose in the first quarter, aided by higher income from interest payments and increased trading gains from volatile markets. The lifting of a seven-year, US$1.95 trillion...
Climate solutions provider Anew Climate and U.S. forestry-focused carbon removal platform Aurora Sustainable Lands announced a new agreement with JPMorganChase for the purchase of over 85,000 tons of carbon removal credits, generated through improved forest management (IFM) projects across...
