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...
NatWest has partnered with Validis to automate the collection and standardisation of borrower financial data within its invoice finance business. The partnership allows NatWest’s Invoice Finance team to access structured accounting data directly from borrowers’ accounting systems during onboarding. Businesses...
Global energy investment is projected to reach $3.4 trillion in 2026, a slight increase year-on-year, according to a new IEA report. The 2026 edition of the IEA’s annual World Energy Investment report said around $2.2 trillion is expected to go...
Global goods trade growth could slow sharply in 2026 as geopolitical disruption, tariffs and higher energy costs weigh on cross-border commerce. UNCTAD’s (United Nations Conference on Trade and Development) latest trade update points to a weakening outlook after relatively strong...
Fitch Ratings affirmed the UAE’s Long-Term Issuer Default Ratings at ‘AA-’ with a stable outlook, citing the country’s low consolidated government debt, strong external asset position and high per-capita income despite heightened regional geopolitical risks. In its latest report,...
Africa’s trade finance gap has widened to more than US$74bn, underlining the pressure facing exporters, importers and banks across the continent. The African Development Bank warned that the shortfall has grown as international banks reduce correspondent relationships and domestic lenders...
