Geopolitical risk and efforts to reshape supply chains are driving demand for supply chain finance from banks, a dramatic turnaround over the last year, according to an industry survey by FIS. FIS Supply Chain Finance, formerly Demica, said in its...
It posted a $2b net profit inQ3, up 3% year on year. Oversea-Chinese Banking Corporation Limited (OCBC) reported a peak net profit of $6.24b for the first nine months (9M26), up 10% year on year (YoY) on 6 November. The bank...
Two-thirds of climate-related trade agreements signed since the start of 2025 involve critical raw materials, with a surge in “critical mineral diplomacy” driven by the energy transition, the AI buildout and defence expansion, according to new analysis from the...
Mexico's central bank (Banxico) cut its benchmark interest rate by a quarter point to 6.25pc, its lowest level in more than four years. Banxico had held the rate unchanged over the past three decisions following a quarter-point cut to 6.5pc...
Vientos Bonaerenses, a subsidiary of power company AES Argentina, has secured financing of up to USD 100 million from IDB Invest and international lenders to complete two phases of its wind farm project in Buenos Aires province, law firm...
Reserve Bank of Australia lifts cash rate target by 25 basis points in majority vote as inflation pressures persist. Australia's central bank on Tuesday raised its benchmark interest rate by 25 basis points to an 18-year high of 4.85% amid...
Saudi Arabia’s Public Investment Fund (PIF) has raised US$3bn-equivalent in credit facilities guaranteed by Italy’s export credit agency SACE, bringing together 25 international banks in a financing arrangement designed to strengthen procurement links between Saudi Arabia and Italian suppliers. The...
Operating expenses are up 12.5% and fee income also grew. The Bank of the Philippine Islands (BPI) reported a net income of $766.61m (PHP48.9b) in the first nine months of 2026, according to its latest bourse filing. Total revenues rose 9.8%...
The International Capital Market Association (ICMA) published a new position paper on EU banking competitiveness ahead of legislation, highlighting the essential role of banks in supporting deeper, more liquid and resilient European debt capital markets. The paper argues that banking...
Hong Kong has introduced round-the-clock interbank settlement of tokenised bank deposits using tokenised central bank money, removing a significant operating-hours restriction from its Project Ensemble pilot as banks seek to make corporate liquidity available continuously. The Hong Kong Monetary Authority...
