Indonesia expects oil and gas investments to rise 29% to US$17b in 2024 Indonesia expects investments in its oil and gas sector to rise 29% in 2024, as it races to ramp up drilling and exploration following the recent exits...
Announcing that it will add 10 new ships to its fleet in the new year and start trading as well as sunflower transportation, Palmali Holding stated that its growth plans will gradually increase. Palmali Holding, one of the world's leading...
Dutch bank ABN Amro beat first-quarter profit expectations, saying it continued to benefit from a high interest rate environment with strong net interest income and a low cost of risk. ABN Amro, one of three dominant banks in the Netherlands...
Israelis resumed shopping and businesses invested in residential housing in the first three months of 2024, leading to a sharp economic rebound after growth was hit late last year at the outset of Israel's war in Gaza. The Central Bureau...
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,...
