The global hedge fund industry ended the first quarter with a record $4.3 trillion in assets. The industry added $190 billion in assets in the first quarter, the sixth consecutive quarter of growth. Hedge funds' performance was the main driver of...
Global survey reveals artificial intelligence’s growing adoption in investment decisions. Some 77% of large firms are using artificial intelligence (AI) to help guide their investment decisions, a recent survey of 516 global business leaders has found. Kearney’s latest Foreign Direct Investment...
It involves bond activities for Korea Treasury Bonds and Monetary Stabilization Bonds. Euroclear Bank SA/NV has named Deutsche Bank as its cash settlement and foreign exchange bank with the Korea Securities Depository (KSD). Deutsche Bank will support Euroclear in its South...
South Korea's economy likely grew 0.6% last quarter, maintaining the same pace of expansion as in the previous three months, as improving exports offset weakening household consumption. The trade-dependent economy experienced a notable uptick in export performance last quarter, buoyed...
AI-based financial crime detection startup ComplyAdvantage has acquired Golden Recursion in a deal that brings Andreessen Horowitz in as a shareholder. San Francisco-based Golden is a startup "automating the construction of one of the world’s largest knowledge graphs, which shows...
UN Trade and Development (UNCTAD) forecasts global economic growth to slow to 2.6% in 2024, just above the 2.5% threshold commonly associated with a recession. This marks the third consecutive year of growth below the pre-pandemic rate, which averaged 3.2%...
In the whole of APAC, deal volume declined by 12.2% YoY. Singapore’s total deals in the first quarter of 2024, including mergers & acquisitions, private equity and venture financing deals, fell 21.1% YoY. Data from Global Data showed that deal activity...
Malaysia's economy is estimated to have grown 3.9% in the first quarter of 2024 from a year earlier. The manufacturing sector rebounded to 1.9% growth in the first quarter of this year from a 0.3% contraction in the final quarter...
Kuwait’s banking sector witnessed healthy year-on-year growth, observing notable increase across multiple identified key performance indicators such as net provision charge on loans, capital adequacy ratio, and coverage ratio on stage 3 loans, according to top tax advisory firm...
Sukuks are expected to grow further through the remainder of 2024 – albeit slowed from 1Q24 – and the GCC debt capital market (DCM) is well on its way to cross $1 trillion outstanding, says a Fitch Ratings report. The...
