The GCC economies posted robust growth in the third quarter of 2025, driven by the non-oil sector as the region’s sustained push to diversify income sources gained further momentum. The nominal GDP of the GCC reached approximately $595.8 billion in...
Inflation, energy prices pressures weigh on corporate metrics. Global corporate credit quality could come under pressure from the economic and financial fallout of the ongoing conflict in the Middle East, says Fitch Ratings. In a report, the rating agency said the...
Apollo Global Management, pledged to provide daily pricing for its credit funds by the end of September, saying new buyers wanted more transparency as it reported inflows that pushed total assets past $1 trillion. Private funds usually give portfolio valuations...
The European Commission has selected nine hydrogen production projects under the third auction of the European Hydrogen Bank (EHB). Across seven countries in the European Economic Area, the projects are expected to provide almost 1.1 giga-watts of electrolyser capacity and...
Trading and investment income also fell 13% compared to Q1 2025. United Overseas Bank (UOB) posted a net profit after tax of $1.105b (S$1.4b) for Q1 2026, down 4% year-on-year (YoY) compared to the same quarter last year, its latest...
Global debt rose to a record level of around $353 trillion by the end March, according to the Institute of International Finance (IIF). In its quarterly Global Debt Monitor report released, the institute said that US borrowing was among the...
CIBC Innovation Banking announced that it has provided growth financing to Qover, a European-based embedded insurance platform. The funding will be used to support Qover’s continued expansion and growth. Qover orchestrates embedded insurance for businesses and insurers across Europe through...
The bank will pay an interim dividend of 85 Australian cents per share. National Australia Bank (NAB) missed first-half profit estimates as higher software costs and the deteriorating economy pushed up credit provisions, offsetting robust loan growth. Cash earnings came in...
Figures from GlobalData’s Financial Deals Database showed the firm worked on 12 transactions with a combined value of $36.7bn. Mitsubishi UFJ Financial Group has led the financial advisers charts for mergers and acquisitions in Asia-Pacific during the first quarter of...
Korea’s National Pension Service (NPS) reported a 10.26% investment return through the first two months of 2026, down from 11% a year ago, as semiconductor stocks drove a 49.82% gain from its Korean equity investments, mirroring the surge in...
