Weak private consumption, investments and trade figures cause decline in GDP. The Japanese economy contracted at an annual rate of 2% in the first quarter of 2024, preliminary figures showed. Markets and economists had forecast a contraction of 1.5%. Private consumption, the...
The container throughput of Chinese ports reached 76.7 million TEU in the first quarter of 2024, marking a 10 percent increase compared to the previous year. Leading the charge, Shanghai Port processed 12.45 million TEU, marking an 8.6 percent year-on-year...
Visiting IMF economist says Singapore’s monetary and fiscal stances are appropriate, but flags risks arising from geopolitical conflicts, the tight labour market and China’s slowdown. A team from the International Monetary Fund (IMF) has said at the close of its...
Brighter earnings prospects underpin growing optimism, survey finds. The risk appetite of equities investors has climbed to its highest level since 2021, according to a new survey from S&P Global Market Intelligence. In a research note, S&P reported that its latest...
Standard Chartered is the first Euro settlement bank to go live on Partior, the global unified ledger market infrastructure, integrating blockchain innovation directly into the bank’s payment systems. The bank has successfully completion a Euro-denominated cross-border transaction on the Parior...
Fees contracted for the first time in 5 years a quarter earlier. The net profit of 42 A-share banks in China declined by 0.81% in Q1, at the heels of net interest margins contracting for the fourth-straight year in 2023,...
Dubai has ranked No 1 for attracting global greenfield foreign direct investment (FDI) projects in 2023, for the third successive year, according to the Financial Times’ ‘fDi Markets’ data, a report said. The city was also No 1 globally within...
South Korea's major ocean carrier HMM achieved increased revenue and profits in the first quarter of the year. In particular, the company reported US$1.7 billion in revenue in the first three months of 2024, translating to a 12% growth from...
The UAE continues to demonstrate robust growth in its non-oil sectors, driven by strong government support and solid demand, according to the Organisation of the Petroleum Exporting Countries (Opec). The UAE's non-oil GDP registered a significant y-o-y increase of 7.3%...
A series of investments in Malaysia that focused on the semiconductor industry signals the country's shift to attracting investors in high-end manufacturing. Among notable semiconductor investments that Malaysia has secured are from German-based global semiconductor company, Infineon Technologies AG, which...
