Only 62% of global investors say that their institutions’ investment performance met or exceeded long-term return objectives through the turbulence of 2022-2023, according to a report from the financial consultancy bfinance. In 2024, however, there’s a slightly more optimistic tone,...
Thailand’s economy expanded 3.0 per cent in the third quarter from a year earlier, official data showed, the fastest pace in two years and beating the median forecast of 2.6 per cent growth in a Reuters poll of analysts. On...
Colombia economy grew 2.0% year-on-year in third quarter Colombia's economy grew 2.0% year-on-year in the third quarter, the government's DANE statistics agency said. The result came in below market expectations of 2.3% in a Reuters poll last week and the central...
Aluminum prices are expected to stay elevated in 2024 owing to a tightening market balance on the back of strong growth in global demand outpacing supply, says BMI, a unit of Fitch Solutions Group. In a report released, the analytics...
On yearly basis, GDP in UK estimated to have risen 1% in July-September. Gross domestic product (GDP) in the UK economy rose 0.1% in the third quarter of 2024 compared to the previous period, below market forecasts, according to flash...
Bangkok Bank reported a net profit attributable to shareholders of over $358.91m (THB12.47b) for the third quarter period that ended on 30 September 2024. Basic earnings per share was THB6.54 (approximately $0.19) for the period, higher than the THB5.95 ($0.17)...
The Spanish banking community has become the first EU market to enable instant cross-currency payments under the European Payment Council's OCT Inst (One-Leg Out (OLO) Instant Credit Transfer scheme. The entire Spanish banking community has been fully onboarded following pilot...
Non-interest income rose by 67.01%, although fee and commissions declined. The Industrial and Commercial Bank of China (Asia) (ICBC Asia) reported a consolidated profit attributable to shareholders of HK$4.26b (approximately US$547.2m) in the first six months of 2024 that ended...
Mitsubishi UFJ Financial Group, Japan's top lender by assets, raised its annual net profit forecast to a record 1.75 trillion yen ($11.23 billion) after second-quarter profit surged on higher interest rates and the sale of cross-held shares. Group net profit...
Oman’s non-oil sector experienced a 4.2 percent growth year on year in the first half of 2024, driven by the country’s strategic focus on economic diversification as outlined in its 10th Five-Year Plan (2021-2025). In an interview with the state-run...
