World Trade Organization warns that splitting global trade along geopolitical lines could reduce world gross domestic product by 5.1%, while complete breakdown would cost 6.9%, official figures show. The World Trade Organization (WTO) warned on Tuesday that the geopolitical fragmentation...
Wealth & Retail Banking generated operating income of $1.74b. Standard Chartered net profit increased 2.7% year on year (YoY) to $973.8m for the first half of the year. Profit before income tax rose to $1.13b from $1.11b. Operating income increased 7.25% to...
Japanese investors seeking to make impact are starting to work more closely with NGOs and communities to improve social and environmental outcomes. Japan’s financial institutions have a long history of investing in social and environmental funding initiatives, but these have tended...
The strong growth and positive inflows enjoyed by European investment funds in recent months and years continued during the months from April to June, according to the latest statistics produced by trade body Efama. Its report for Q2 showed that...
Accelerating trade digitalisation could add US$2.8tn to global trade annually by 2031, according to a new report from Standard Chartered and Oxford Economics. The research, part of Standard Chartered’s 2026 Future of Trade report, assessed how faster trade digitalisation and...
The new financing structure provides greater financial flexibility through an expanded $40 million revolving credit facility, reduced borrowing costs and an extended maturity to Dec. 31, 2029. Cannara Biotech, a vertically integrated producer of premium-grade cannabis products, entered into an...
The two Singapore banks take the top two spots among global banks in the inaugural version of the list. OCBC and DBS took the top two places among global banks in the inaugural “World’s Top Performing Banks” list, developed by...
Spanish alternative investment manager Bankinter Investment and renewables investor Plenium Partners have secured a EUR-76-million senior project finance facility from ING and UniCredit to refinance a portfolio of four biomethane plant projects in Italy, a press release said. The facility...
Australian profit-to-member super funds delivered net returns of 8.8% in the first six months of 2026, outperforming retail funds, which returned 7.8%. Profit-to-member funds have also maintained a long-term performance edge, outperforming retail funds by 1.5 percentage points a year,...
US asset management giant BlackRock Inc. has won approval from Hong Kong’s securities regulator to launch its first tokenised fund in the city According to the company, the BlackRock HKD Digital Liquidity Fund will leverage blockchain technology while maintaining the...
