US venture capital dealmaking slows due to economic uncertainty

admin2024-04-09T15:09:46+03:00

Venture capital activity in the United States declined in the first half of 2022 as investors shied away from signing large checks for startups due to uncertain macroeconomic conditions and market turmoil, according to the report.

Singapore’s economy grew 4.8% year-on-year in the second quarter

admin2024-04-09T15:10:18+03:00

According to live data, Singapore's economy grew by 4.8 percent year-on-year in the second quarter of 2022, up from 4 percent three months earlier.

Stress tests highlight banks’ climate challenges

admin2024-04-09T15:11:01+03:00

Reliable data is scarce and lending to heavy polluters is high, Fitch said.

Commerzbank joins the Contour blockchain trade finance network

admin2024-04-09T15:11:47+03:00

Singapore-headquartered Contour has announced the addition of Commerzbank to its blockchain trade finance network, bringing the number of participants to 17 banks. The network is digitizing letters of credit.

Hong Kong Exchange taps HSBC and Tencent to help create carbon market

admin2024-04-09T15:12:34+03:00

Hong Kong's stock exchange said it has tapped banks including HSBC and companies such as China's Tencent to help it develop a global carbon market.

US rate hike will boost Singapore banks’ earnings to pre-COVID-19 levels

admin2024-04-09T15:13:24+03:00

Given that Singapore has one of the largest contributions from higher US interest rates to local loan yields in Asia-Pacific, Fitch Ratings believes the country's banks' recovering operating profit and risk-weighted asset (RWA) ratios are on course to recover...

Bank ratings can withstand rising rates: Fitch

admin2024-04-09T15:14:06+03:00

The rating agency confirms Canada's Big Six ratings.

OCBC, Standard Chartered ends 30 years of SORA OIS trading

admin2024-04-09T15:14:45+03:00

The 30-year SORA OIS trade was the first transaction to be cleared by LCH.

Qatar’s economy grew 2.5% in the first quarter

admin2024-04-09T15:15:16+03:00

Qatar's economy grew 2.5% in the first quarter from a year earlier, although growth slowed slightly from the previous quarter, according to official estimates.

China’s financial sector total assets rose 8.7% YoY at the end of the first quarter; securities assets rose 18.8%

admin2024-04-09T15:15:50+03:00

Total assets of all segments of the Chinese financial sector showed stable growth in the year that ended in March.