CIBC Innovation Banking announced that it has provided growth financing to Qover, a European-based embedded insurance platform. The funding will be used to support Qover’s continued expansion and growth. Qover orchestrates embedded insurance for businesses and insurers across Europe through...
The bank will pay an interim dividend of 85 Australian cents per share. National Australia Bank (NAB) missed first-half profit estimates as higher software costs and the deteriorating economy pushed up credit provisions, offsetting robust loan growth. Cash earnings came in...
Figures from GlobalData’s Financial Deals Database showed the firm worked on 12 transactions with a combined value of $36.7bn. Mitsubishi UFJ Financial Group has led the financial advisers charts for mergers and acquisitions in Asia-Pacific during the first quarter of...
Korea’s National Pension Service (NPS) reported a 10.26% investment return through the first two months of 2026, down from 11% a year ago, as semiconductor stocks drove a 49.82% gain from its Korean equity investments, mirroring the surge in...
Hong Kong's economy expanded 5.9% in the first quarter from a year earlier, the 13th consecutive quarter of growth and the strongest quarterly rate in nearly five years. The government projected GDP growth of between 2.5% and 3.5% for 2026...
Its dividend for the period is 83 cents per share. The Australia and New Zealand Banking Corporation (ANZ) announced a statutory profit of $2.63b (A$3.65b) for the six-month period ending 31 March 2026, a 0.22% year-on-year (YoY) increase compared to...
As much was delayed or lost in 2025 due to policy volatility, an ICC study estimated. Real business investment would have grown four times faster last year without surging policy uncertainty, according to an analysis of 10 major economies by...
Financial institutions across Europe, the Middle East and Africa are at risk of falling behind on new anti-money laundering (AML) requirements, with few expecting to meet the EU’s 2027 deadline, according to PwC’s research. One-third of EU financial institutions believe...
NatWest, opens new tab reported a 12% rise in first-quarter profit, as the bank grew lending income while taking a modest charge for potential losses from the impact of the Iran war even as it warned that Britain's economic...
EFG Hermes, an EFG Holding company and the leading investment bank in MENA, has announced that it has been appointed sole global coordinator and sole bookrunner for the planned initial public offering of Misr Life Insurance on the Egyptian...
