Several large Asian banks have joined their European peers in offering support to the industry’s biggest climate alliance, after a wave of exits by Wall Street and Canadian lenders. Singapore and Malaysia-based banks, including DBS Group Holdings, Oversea-Chinese Banking Corp,...
Swiss economic growth accelerated in the fourth quarter compared with the previous three months, driven by both industry and the services sector. Adjusted for sporting events, gross domestic product (GDP) expanded by 0.4% from the third quarter, the figures published...
Japan's economy grew faster than expected in the fourth quarter, on improved business spending and a surprise increase in consumption and shoring up the central bank's case for more interest rate hikes. Gross domestic product expanded 2.8% annualised in the...
Australia’s Westpac posted a rise in its first-quarter net profit as deposits and loan volumes grew, and said a widely awaited interest rate cut by the central bank should help households and businesses grappling with cost-of-living pressures. Australia’s No. 2...
Exports rose slightly by 0.6%, while imports declined 3.7% last year. The euro area posted a trade surplus of €176.9 billion in 2024, more than triple the previous year's €57.4 billion, according to official data. The eurozone's exports of goods to...
Thailand remains a growth laggard in the region as household consumption and manufacturing continue to be under pressure. Thailand’s economic growth was weaker than expected in 2024 and continued to lag behind its neighbours as it faces a year fraught...
Shares of Belgium's largest bank KBC hit a three-year high as strong revenue and a one-off tax benefit lifted fourth quarter net profit above expectations. "KBC presented a strong set of fourth-quarter results, with a beat on the pre-provision level...
Romania's economy grew by 0.7% year-on-year in the fourth quarter of 2024, compared with a 3.3% annual increase in the same period of 2023, the statistics office said, citing non-adjusted flash data. On a seasonally adjusted annual comparison basis, gross...
Bulgaria's gross domestic product (GDP) grew by an annual 3.1% in the last quarter of 2024, following a 2.7% increase in the third quarter, the statistical office said. On a quarterly comparison basis, Bulgaria's economic output went up 0.8% in...
Malaysia's economy grew faster than expected in the fourth quarter of 2024 amid strong domestic demand and a recovery in exports, the central bank said, as it expects investment activities and household spending to drive growth this year. Bank...
