It is still world's fourth startup ecosystem in 2026. Singapore has broken into the global top ten startup ecosystems for the first time, even as Singapore retained its country ranking in the Global Startup Ecosystem Index 2026, from global startup...
Gold has surpassed US Treasuries as the world’s second-largest reserve asset as central banks continue to accumulate bullion and prices remain near record highs. Bullion accounted for 27% of global central bank reserve assets at the end of 2025, up...
GDP growth revised down from flash estimate of 0.5%. Switzerland’s economy expanded less than initially estimated in the first quarter of 2026. Gross domestic product (GDP), adjusted for sporting events, rose 0.4% quarter-on-quarter in the January-March period after growing 0.2% in...
US regional banks are exploring closer collaboration as changing trade flows, correspondent banking pressures and rising client demand reshape the trade finance market. Bankers speaking at a recent industry roundtable said internationally active middle-market companies are facing a more complex...
The lender is looking to sell at least US$500 million of perpetual bonds, says a source. UBS Group is set to raise Additional Tier-1 (AT1) capital in US dollars, its first foray into the market since Switzerland paused plans to...
Revised Commerce Department data shows weaker-than-expected growth as inflation indicators accelerated to their highest in years. The US economy expanded at an annualized rate of 1.6% in the first quarter, falling short of estimates, according to revised data released by...
Billionaire wealth jumped 66.4%, lifting the market past Australia. Singapore’s independent wealth managers are facing higher hiring costs as senior bankers with established client portfolios become harder and more expensive to recruit, according to Boston Consulting Group (BCG). The pressure comes...
Global exchange-traded fund assets rose 9.11% to a fresh record high of US$21.91 trillion last month, driven by equity and active ETFs. The figure, which was up from $20.08 trillion in March, erased the previous peak of $21.24 trillion set...
Net interest margin improved to 2.14%, and loans expanded in Malaysia and Singapore. Maybank’s net profit fell 4.2% year-on-year (YoY) to $625.13m (MYR2.48b) in Q1 FY2026, hit by a lower trading income. Net operating income declined 7.9% YoY to $1.79b...
GDP reaches $389.6B in January-March period, household consumption rises 4.8%, while exports of goods and services fall 12.7%. Türkiye’s economy expanded 2.5% year-on-year in the first quarter of 2026, official data showed Monday. Gross domestic product (GDP), measured by the chain-linked...
