Paper calls for central banks to lead preparations for looming security risk. The prospect of quantum computing poses an imminent threat to financial industry security, demanding urgent attention, according to a new paper from researchers at the Bank for International...
Vietnam’s economy expanded by an estimated 7.67% year-on-year in the second quarter, according to Finance Minister Nguyen Van Thang. This growth rate surpasses the 6.93% expansion recorded in the first quarter of 2024. The combined growth for the first half...
Oman’s banking sector showed robust growth by May, with total credit rising 8 percent to 33.6 billion Omani rials ($87.36 billion) and deposits increasing 7.9 percent, reflecting strong private sector activity and confidence. Data from the Central Bank of Oman...
The world's biggest multilateral climate fund said it will make its largest ever series of investments and speed up dealmaking as it looks to help poorer nations respond to global warming. The Green Climate Fund's plan to release about $1.2...
In contrast, Japanese megabanks and DBS saw their market caps fall. Falling interest rates attracted investors to bank stocks and pushed up the market capitalizations of most major banks in Asia Pacific. Commonwealth Bank of Australia (CBA) became the fifth largest...
Global public debt rose to an all-time high of $102 trillion in 2024, representing a 7.36 percent increase compared to the previous year, according to a leading UN body. Nearly one-third of this total — or $31 trillion — is...
The UK government’s recently announced New Trade Strategy is an ambitious plan to protect UK businesses against the recent trade uncertainty and bolster the British export industry. The UK government’s recently announced New Trade Strategy is an ambitious plan to...
Trade credit insurers are bracing for a more challenging environment amidst projected decelerating global economic growth, compounded by uncertain geopolitical trajectories, according to Aon’s Market Insight Report for H1 2025. Global GDP is projected to slow to approximately 2.8% by...
First Abu Dhabi Bank is readying to issue the first digital bond in the Middle East via the HSBC Orion digital assets platform. The bond is currently at the pre-issuance pricing stage and will be listed on the Abu...
S&P Global Commodity Insights has begun exploratory testing with JP Morgan’s blockchain division, Kinexys, to see whether distributed ledger technology could improve carbon credit operations and support climate objectives. The collaboration focuses on tokenizing carbon credits at the registry...
