For the full year 2025, the currency appreciated 6.2% against the US dollar. Singapore attracted strong foreign investment and saw continued currency strength heading into 2026, according to a McKinsey report. The Singapore dollar remained firm, trading within a narrow range...
Manufacturing growth slowed to 5%, while construction rose by 9%. Singapore’s economy grew by 4.6% year-on-year (YoY) in the first quarter of 2026 (Q1), easing from the 5.7% expansion recorded in the previous quarter, according to the Ministry of Trade...
Profit increased to US$3.06 per share in the three months ended March 31. Citigroup beat estimates for first-quarter profit on Tuesday (Apr 14), as geopolitical tensions fuelled market volatility and boosted trading revenue, while strong dealmaking buoyed investment banking fees,...
Up to $100t will be transferred to Gen Z and Millennials over the coming decades. Stablecoin transaction volumes are expected to reach $719t by 2035, and as much as $1.5 quadrillion (q) if factoring in macro-catalysts, according to estimates by...
Its net profit came in at US$5.25 billion, or US$1.60 per share. Wells Fargo’s profit rose in the first quarter, aided by higher income from interest payments and increased trading gains from volatile markets. The lifting of a seven-year, US$1.95 trillion...
Climate solutions provider Anew Climate and U.S. forestry-focused carbon removal platform Aurora Sustainable Lands announced a new agreement with JPMorganChase for the purchase of over 85,000 tons of carbon removal credits, generated through improved forest management (IFM) projects across...
Report highlights structural risk and readiness as key competitiveness measures. Singapore ranked third in the Global Atlas of Risk and Readiness 2026 (GARR) report of Global Citizen Solutions, making it the only Asian economy in the top tier and recording...
Assets under management for U.S. exchange-traded funds could more than double to $25 trillion by the end of this decade, Citigroup said, as investors seek the increasingly popular asset class for low-cost, diversified exposure across markets. As of March 2025,...
Fundraising for institutional debt funds reached $234bn in 2025, with direct lending continuing to dominate after raising $111bn, according to new research. In its annual private debt fund update, Morningstar DBRS reported that debt fundraising from institutional investors remains steady,...
The UAE's banking sector achieved regional leadership with assets valued at AED5.4 trillion in 2025, supported by a 17.9% growth in the credit portfolio and a 16.2% increase in deposits, said the Central Bank of the United Arab Emirates'...
