Oil sector shrinks 24.7% year-on-year, non-oil activity edges up 0.6%. Saudi Arabia’s economy contracted 4.8% year-on-year in the second quarter of 2026, the steepest decline recorded since the COVID-19 pandemic, as a deep decline in oil activity outweighed modest growth...
Net interest income and PPOP both weakened in Q2 compared to Q1. Bank Mandiri faces net interest margin (NIM) pressure and intensifying competition, according to UOB Kay Hian (UOBKH). The Indonesian bank’s earnings grew 24.4% year-on-year (YoY) in H1 2026, but...
The central bank is in talks with industry on how the Republic’s financial markets edge could be improved. Total assets under management (AUM) in Singapore rose 10.1 per cent to S$6.7 trillion as at the end of 2025, on the...
The lender posts a pre-tax profit of US$2.33 billion for the three months through June. Standard Chartered (StanChart) unveiled a fresh US$1 billion share buyback as second-quarter earnings beat expectations, while it booked more charges tied to the conflict in...
It announces a fresh share buyback of £1 billion and dividends worth £800 million. Barclays reported a first-half profit rise of 17 per cent, beating analysts’ forecasts, as it followed Wall Street peers in reaping bumper equities trading revenues and...
It ranks first globally in Startup Community Activity. Singapore ranked 4th globally in the Global Startup Ecosystem Index 2026, according to StartupBlink, leading Asia Pacific as the only economy in the global top five and nearly doubling second-place Australia's regional...
Government debt across developed economies is set to climb to a record $75.8 trillion by the end of 2026 as countries struggle with persistent budget deficits, geopolitical tensions and rising spending demands, Fitch Ratings said on Tuesday. The ratings agency...
Banks’ investment in digital trade infrastructure is improving their ability to maintain financing and process transactions during geopolitical and supply-chain disruptions, as the industry applies lessons learned during the pandemic. A recent assessment of banks’ crisis response found that institutions...
The Bank of England will stop accepting bonds linked to thermal coal as collateral in key lending operations from October, deepening the integration of climate-transition risk into its financial framework. The policy means commercial banks will no longer be able...
Euro zone banks tightened access to credit in the second quarter over geopolitical instability fears, and they expect further tightening in the current quarter, the European Central Bank's quarterly Bank Lending Survey showed on Tuesday. Euro zone banks tightened access...
