Argentina: Economy grew strongly in second quarter due to low base effect
GDP growth accelerated significantly in the second quarter, rising to 17.9% year-on-year from 2.9% in the first quarter, helped by a favorable base effect.
Asia Pacific Consumers Accelerate Digital Banking Adoption: McKinsey
According to a recent McKinsey report, consumer adoption of digital banking is rapidly accelerating, and one of the most important factors is rapid adoption in emerging markets in the Asia-Pacific region.
Dubai’s non-oil foreign trade grew 31% to more than $196 billion in the first half
Dubai's non-oil foreign trade grew 31% in the first half of 2021 to reach Dh722.3 billion ($196.6 billion) from Dh550.6 billion in the corresponding period in 2020.
In the US they want to create an online platform for IPOs
In the United States, large banks and investment companies plan to launch an online platform for initial public offerings by the end of 2021.
Singapore and Malaysia link faster payment systems
The Monetary Authority of Singapore has announced plans to begin connecting the country's PayNow system to Malaysia's DuitNow real-time payment systems in a phased manner.
DBS Bank adds over one million customers in India
While many foreign banks are scaling back their operations, Singapore's DBS Bank has added more than a million customers through its digital banking, even as it still awaits approval from the Central Bank of India to open a sole...
UniCredit plans to raise $14 billion by selling shares
UniCredit SpA is considering the possibility of raising 13 billion euros ($14 billion) through an additional sale of shares, although at the same time information has emerged about a possible merger between UniCredit and Societe Generale, writes Bloomberg.
Fitch has improved Ukraine’s long-term rating
Fitch Ratings has upgraded Ukraine's long-term issuer default rating in foreign and local currencies from CCC (possible default) to B- (substantially insufficient level of creditworthiness) with a stable outlook.
Credit Suisse surprised by profit
The bank reported a profit of 41 million francs ($42 million) for the third quarter, down 95% compared to the same period last year, Bloomberg writes.
BNP Paribas profit exceeds expectations
The profit of the French BNP Paribas SA in the third quarter exceeded expectations thanks to increased trading in fixed income, writes The Wall Street Journal.
