Japan's largest banking group Mitsubishi UFJ Financial Group clocked a record annual net profit even as fourth-quarter profit fell by 41 per cent. MUFG made a net profit of ¥114 billion (US$782.11 million) in the January-March quarter compared to ¥192.8...
Hassana Investment Company and Franklin Templeton have signed a $150m memorandum of understanding to explore a ‘strategic partnership’ targeting Saudi Arabia’s private credit market. Almost 50 per cent of employment across Saudi Arabia comes from mid-sized companies, but those firms...
Underlying business income for Q1 2025 reached a record €466 million, representing a 10% increase compared to Q1 2024. This growth was supported by robust business drivers, including fixed income issuance, increased equity quotations, and increased settlement activity due...
According to Omniscience Capital Report, India has potentially a $3 trillion opportunity in Industrial Sector by 2035. The Industrialsector currently accounts for 27.3% of India's GDP, and is expected to increase its share to more than 30% by 2035....
The Federal Reserve Bank of New York and the Bank for International Settlements (BIS) have published a joint research study that explored how central banks could continue to implement monetary policy operations in tokenised wholesale financial markets. Dubbed Project Pine,...
Japan's SoftBank Group reported its first annual profit in four years, likely bringing relief to investors scarred by high-profile failures as it embarks on another series of mammoth tech investments. The Tokyo-based conglomerate reported a 1.15 trillion yen ($7.78 billion)...
Japan's second-largest banking group Sumitomo Mitsui Financial Group hit a record 1.18 trillion yen ($8.1 billion) profit for the financial year ended March 2025 and sees more growth ahead even accounting for the hit to its business from tariff...
Commonwealth Bank of Australia (CBA) reported a 6 per cent rise in third-quarter cash earnings, helped by growth in lending volumes and higher trading income, and said its margins were stable. Cash net profit after tax for the country’s biggest...
Credit Saison India (“CS India”), a leading non-banking financial company and the Indian subsidiary of Japan’s Credit Saison Co., has secured External Commercial Borrowing (ECB) funding of USD 150 million from Mizuho Bank Ltd. under a bilateral arrangement. This...
Beko, a leading global manufacturer of white goods, has secured a €125 million, 10-year push strategy loan with SACE, Italy's export credit agency and insurance-finance group, fully owned by the Ministry of the Economy and Finance. This long-term financing strengthens...
