Top U.S. asset manager Vanguard favors high-rated corporate debt over riskier high-yield companies' bonds as it seeks protection against the possibility a sharper-than-anticipated U.S. economic downturn caused by high borrowing costs, it said in a report. After one year since...
Singapore's full-year economic growth will come in closer to its potential rate of 2% to 3% and core inflation is expected to ease more significantly in the final quarter of the year, the head of its central bank said. Monetary...
In the first six months of 2024, Uzbekistan's gross domestic product (GDP) increased by 6.4%. Under the chairmanship of President Shavkat Mirziyoyev, a critical meeting of video selectors commenced, focusing on the nation's economic performance and outlining future tasks. The...
Tajikistan has shown robust economic growth, expanding by 8.3% in 2023 and 8.2% in early 2024, driven by increased revenue from gold exports and public infrastructure spending, the World Bank reported. Worker remittances and public wage hikes have also boosted...
The Monetary Authority of Singapore is to commit $100 million in grant funding to support the development of AI and quantum computing technologies in the financial sector. The quantum technology funding, enabled under the central bank's Financial Sector Technology and...
The latest World Economic Outlook (WEO) from the International Monetary Fund (IMF) paints a mixed picture of global economic prospects, with projections largely steady. Global growth is forecasted at 3.2% for 2024, with a slight uptick to 3.3% in...
BNP Paribas is collaborating with China's Ant international on a range of initiatives to boost cross-border payment services for merchants and consumers in Europe. In a Memorandum of Understanding (MoU) BNP Paribas agreed to work with Ant International to enable...
Regulators expected to get tough on non-compliance with climate-related obligations. With banks falling short of expectations to manage and disclose climate risks, European regulators are set to turn up the heat on the banks in the months ahead, suggests Morningstar...
IRENA's latest report shows renewable energy is on track to overtake fossil fuels in global installed power capacity. The world needs to ramp up annual renewable energy capacity growth to 16.4%, up from last year's 14% increase rate, through 2030...
UAE's gross bank assets, including bankers’ acceptances, increased by 1.0% from AED4.25 trillion at the end of March 2024 to AED4.3 trillion ($1.17 trillion) at the end of April 2024, according to the Central Bank of the UAE (CBUAE). Gross...
