Financial sector most exposed to indirect economic fallout: DBRS. With little direct exposure to the region, global banks and asset managers don’t face material impacts from the growing conflict in the Middle East, but will be affected indirectly through macroeconomic...
Tensions in the region add another layer of instability to global economy. The multibillion-dollar ramp-up in loans by Asian banks to the Middle East faces growing uncertainty as Iran’s escalating conflict raises the risk of broader financial fallout. Asian and Chinese...
Fitch Ratings on Wednesday cut Indonesia's credit rating outlook to negative from stable, citing increasing uncertainty and reduced credibility in policymaking, in a move that will add to investor concerns about Southeast Asia's largest economy. Fitch became the second rating...
European investment funds delivered a record year in 2025, with net inflows at €873bn and total assets surpassing €25trn for the first time, according to the European Fund and Asset Management Association’s (Efama) data. Ucits ( the EU’s regulated cross-border...
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...
