WESTPAC Banking’s profit edged higher as pressure on margins eased and mortgage lending grew faster than the wider industry, offsetting a fragile outlook for the nation’s economy. Unaudited net profit came in at A$1.8 billion (US$1.226 billion) in the three...
Singapore's economy grew 2.9% in the April-June quarter from a year earlier, matching the official advance estimate and above market expectations, government data showed. The trade ministry said it had adjusted its GDP growth forecast range for 2024 to 2.0%...
Britain's economy grew 0.6% in the second quarter of 2024, in line with economists' expectations and building on a rapid 0.7% recovery in the first quarter of the year after a shallow recession in the second half of 2023,...
Japan’s economy expanded by a much faster-than-expected annualised 3.1% in the second quarter, rebounding from a slump at the start of the year thanks to a strong rise in consumption and backing the case for another near-term interest rate...
The Malaysian economy performed slightly better than expected with 5.9% growth in the second quarter of 2024 (2Q24) from a year earlier, underpinned by strong domestic demand and a further expansion in exports. The result also surpassed the economy's 1Q24...
Valeura holds a 90% operated working interest in the Nong Yao oilfield, which includes both the Nong Yao A and Nong Yao C developments. Valeura Energy, a Canada-based oil and gas company, has announced the commencement of oil production from...
Global banks are not living up to targets to cut their financing of activities that are directly fuelling climate change, according to a new study by the World Resources Institute (WRI). The analysis, which looked at 25 of the world’s...
The US Department of Energy (DOE) said it had made a conditional loan guarantee commitment of up to USD 1.45 billion to Qcells to back the South Korean group’s solar manufacturing expansion in Georgia. The North American unit of Seoul-based...
Market cap rose, alongside trading volume and value, group reports. Globally, securities trading activity was up notably in the first half of 2024, according to data from the World Federation of Exchanges (WFE). In a paper released, the industry trade group...
South Korea plans to announce guidelines to encourage the use of an alternative benchmark in its US$4.3 trillion interest rate swap market and replace Certificate of Deposit (CD) rates that currently dominate transactions, two sources said. The Bank of Korea...
