1-year loan prime rate remains at 3%, 5-year rate 3.5% The People's Bank of China (PBOC) kept its key lending benchmarks unchanged, maintaining a cautious monetary stance even as data showed weakening consumption, investment and credit demand in the world’s...
Drop in DSB will lead to lower capital levels, higher risk exposure for big banks. The Office of the Superintendent of Financial Institutions’ (OSFI) decision to lower capital buffers for Canada’s big banks is a negative from a credit rating...
Europe's banking sector could boost lending by more than €2 trillion if regulators were to simplify rules while maintaining financial resilience, the head of Spanish banking association AEB, Alejandra Kindelan, said on Friday. AEB and fellow associations CECA and UNACC...
Saudi Arabia’s asset management industry remained resilient during the Iran conflict, with assets under management surpassing $340 billion in the first quarter of 2026 and projected to exceed $400 billion by 2027, Fitch Ratings said. The rating agency attributed the...
The outlook tops official 2–4% estimates. Singapore’s economic growth is expected to outpace the government’s forecast, as artificial intelligence (AI) related demand continues to lift electronics exports and manufacturing, analysts said. Japanese investment bank Nomura maintained its 2026 GDP growth forecast...
Expected Global solar photovoltaic installations reached a new record in 2025, with 664 gigawatts added worldwide, according to the Global Solar Market Outlook 2026-2030 from SolarPower Europe. The report, released on June 22, 2026, in Munich, Germany, notes that...
World Gold Council says reserve managers remain drawn to gold amid geopolitical and economic uncertainty. Central banks expect to keep adding to their gold reserves over the coming years, while the US dollar's share of global reserves is likely to...
HSBC has launched a digital post-shipment finance product that allows companies to draw funding against buyer invoices without uploading supporting trade documentation. The product, called HSBC TradeCash, lets users upload sales invoice data to the bank’s digital platform and receive...
China's digital yuan operation centre signed direct participant agreements with 26 financial institutions in Shanghai on Tuesday, aiming to expand low-cost, efficient cross-border payments and advance global adoption of the Chinese currency. The international operation centre of the digital yuan...
GCC fixed-income yields are benefitting from a decline in geopolitical risk premiums following the US-Iran deal, according to Fitch Ratings. This is reflected in yield spreads between GCC investment-grade debt and US Treasury bonds having returned to pre-war levels. Spreads...
