UN Trade and Development (UNCTAD) projected global economic growth to stagnate at 2.7% in 2024 and 2025, marking a sustained drop from the 3% annual average seen between 2011 and 2019 and well below the 4.4% average in the...
The British lender reports pre-tax profit for the July-September period of £2.2 billion, up from £1.9 billion a year ago. Barclays reported a forecast-beating 18 per cent rise in third-quarter profit on Thursday (Oct 24), as slower than expected interest...
Germany's biggest lender Deutsche Bank reported a sharp jump in third-quarter profits, boosted by the settlement of investor lawsuits related to a troubled takeover. Net profits came in at 1.46 billion euros, up 42 percent from a year earlier. Profits were...
Pre-tax profits exceed expectations, but investor concerns linger over potential motor finance liabilities. loyds Banking Group has reported stronger-than-expected pre-tax profits of £1.8bn for the third quarter, surpassing analyst forecasts of £1.6bn, though slightly down from £1.9bn in the same...
South Korea's economy barely grew in the third quarter as consumer spending rebounded but exports fell, with the central bank warning of a likely downgrade to its 2024 growth outlook. Gross domestic product in the July-September quarter expanded a seasonally...
Real-time payments are forecast to generate $285.8 billion of additional global GDP growth and create more than 167 million new bank account holders by 2028, according to a new report published by ACI Worldwide. The report leverages data from 40...
It took BNY 240 years to pass $50 trillion in assets under custody and administration, reaching 52.1 trillion as of September 30, according to it’s quarterly report, and by doing so became the first bank to cross the milestone....
Low default rates, increased flexibility, technological advancements and evolving regulations are fuelling the adoption of standby letters of credit (SBLCs), a potent instrument. Buyers and sellers should take note: the use of SBLCs is gaining momentum as a payment of...
Turaco Gold has raised $23.4m aimed at accelerating drilling activities at its Afema project in Cote d'Ivoire. With the capital raised, Turaco intends to expedite drilling and exploration activities, including geophysics, at the Afema project. The company also plans to advance...
The industry initiative brings together leading financial and market infrastructures, Euroclear and Swift, along with some of the world's largest financial institutions, including UBS, Franklin Templeton, Wellington Management, CACEIS, Vontobel, and Sygnum Bank. Chainlink announced today the results of an...
