Misreporting of invoice values is occurring “at massive scale” across Asian supply chains, researchers have said, with as much as a quarter of China’s trade showing signs of potentially fraudulent misinvoicing. The findings were outlined in a paper published last...
Industrial and Commercial Bank of China (ICBC)'s new lending and bond investment totaled 4.8 trillion yuan (about 694.23 billion U.S. dollars) last year, reaching a record high, the bank revealed on Friday. The bank said it stepped up support for...
Brookfield and Quebec-based institutional investor La Caisse announced an agreement to acquire Quebec-based global renewable energy platform Boralex, in a deal valuing the company at an enterprise value of USD$6.5 billion. Under the terms of the agreement, which has been...
China CITIC Bank recorded a net profit attributable to its shareholders of 70.62 billion yuan ($10.24 billion) in 2025, up 2.98 percent year-on-year. The nationwide joint-stock commercial lender combined efforts to stabilize income and reduce costs to create more room...
Core Scientific, Inc., a leader in digital infrastructure for high-density colocation, today announced that it closed an additional $500 million commitment provided by JPMorgan Chase Bank, N.A. under the accordion feature of the Company’s previously announced 364-day credit facility...
Bank of Communications, opens new tab, one of China's major five state-owned banks, reported on Friday a 2.2% rise in net profit last year. Net profit reached 95.622 billion yuan ($13.84 billion), above the 93.75 billion yuan median of 18...
Slower growth in China and worsening property risks is amongst factors that can affect banks. Banks in the Asia Pacific (APAC) region should be able to absorb key risks, including the impact of the Middle East war and property risks...
Luxembourg consolidated its position as the world’s leading cross-border investment hub in 2025, with assets under management in Luxembourg-domiciled funds surpassing €8 trillion for the first time, standing at €8.2 trillion at the end of the year. This reflects the...
Most rated insurers in the GCC are expected to remain broadly stable in the short-to-medium term, according to S&P Global Ratings. "This is thanks to robust earnings generation in recent years, which has contributed to a significant buildup of capital...
The city is re-emerging as a primary destination for shifting capital, amid geopolitical volatility in the Middle East and regulatory tightening in Singapore. The competition among global banks for Hong Kong’s US$1 trillion of private wealth is intensifying. Wall Street titans...
