Worldwide trade exceeded a “record” US$35tn last year, as the demand for AI products remained a key driver of goods trade despite geopolitical volatility. According to a report from the United Nation’s trade and development arm, the global economy...
Profit increased to US$5.25 billion, or US$2.85 per share, in the three months ended Sep 30. Citigroup’s third-quarter profit rose 40 per cent compared to a year earlier, helped by stronger investment banking revenue and transactions with multinational companies as...
Saudi Arabia’s structural shift toward non-oil revenue is strengthening its economic resilience, even as the Kingdom’s widening fiscal deficit and ambitious digital expansion create fresh funding needs, a new analysis showed. The government posted a SR160 billion ($42.7 billion) fiscal...
Franklin Templeton and Benefit Street Partners have completed a transaction with Encina Lender Finance that brings approximately US$480m of lending commitments and a specialist investment team into their expanding asset-backed finance business. Under the agreement, a newly established fund backed...
It says it expects to earn about US$106.2 billion in net interest income this year. JPMorgan Chase reported a surprise drop in fixed-income trading revenue in the third quarter, the first such decline in more than two years. The fixed-income haul...
KPMG notes investors are deploying larger sums into fewer, profitable fintechs. Fintech investment in the Asia Pacific region fell to $4.6b across 350 deals in the first half of 2026, down from the $7.1b raised in H2 2025, according to...
The Australian Trade and Investment Commission helped facilitate an estimated A$8.8bn (approximately US$6.13bn) in export deals during the 2025–26 financial year, an increase of 26% on the previous year, according to figures published on 12 October. Austrade’s latest Trade and...
ING has entered into a credit risk-sharing transaction with Dutch pension investment manager PGGM covering a €5bn portfolio of project-finance loans, allowing the bank to reduce its retained credit risk and create additional capacity for new lending. PGGM is participating...
Rating agency says weak growth, higher borrowing costs and political fragmentation complicate efforts to stabilize public finances. Fitch Ratings warned Monday that insufficient progress in reducing France’s budget deficit could lead to a negative rating outlook, while a further substantial...
The growing use of services across all sectors means they should also be viewed as critical for goods exports, a report from the United Nation’s trade and development arm has said. The UN Conference on Trade and Development (UNCTAD) found...
