Franklin Resources, better known as Franklin Templeton, posted a fall in second-quarter profit, hurt by higher expenses as it paid employees higher compensations amid the backdrop of a tight labor market and wage inflation. Higher expenses in the quarter offset...
S&P Global beat Street estimates for its first-quarter profit, as hopes of a "soft landing" spurred investors to spend more on data and analytics products. With growing expectations of the U.S. Federal Reserve avoiding a recession, investors are increasingly spending...
Britain's Lloyds Banking Group said that net profit sank by almost a third in the first quarter of this year, hit partly by a significant increase in costs. After-tax profit slid 29 percent to £1.1 billion ($1.4 billion) in the...
U.S. economic growth in the first quarter fell below the Federal Reserve's estimates of the economy's long-run potential for the first time in nearly two years, but the signs of slowing were accompanied with fast inflation that, if sustained,...
US economy resilience and improvements in China and Japan propped up their confidence. Asia Pacific finance professionals and accountants’ confidence in the region’s economy experienced a surge in Q1, according to a study by the (Association of Chartered Certified Accountants...
The Basel Committee approved an update of its banking supervision guidelines that includes risks from climate changes and the digitalisation of finance. The changes to its "core principles for effective banking supervision" were approved at a meeting of some 220...
The global hedge fund industry ended the first quarter with a record $4.3 trillion in assets. The industry added $190 billion in assets in the first quarter, the sixth consecutive quarter of growth. Hedge funds' performance was the main driver of...
Global survey reveals artificial intelligence’s growing adoption in investment decisions. Some 77% of large firms are using artificial intelligence (AI) to help guide their investment decisions, a recent survey of 516 global business leaders has found. Kearney’s latest Foreign Direct Investment...
It involves bond activities for Korea Treasury Bonds and Monetary Stabilization Bonds. Euroclear Bank SA/NV has named Deutsche Bank as its cash settlement and foreign exchange bank with the Korea Securities Depository (KSD). Deutsche Bank will support Euroclear in its South...
South Korea's economy likely grew 0.6% last quarter, maintaining the same pace of expansion as in the previous three months, as improving exports offset weakening household consumption. The trade-dependent economy experienced a notable uptick in export performance last quarter, buoyed...
