Call to fully implement global rules follows recent delays, revisions. With banking regulators in several jurisdictions delaying or watering down their adoption of the latest edition of the global capital rules, known as Basel III, the Basel Committee on Banking...
Singapore upgraded its economic outlook for 2024 as third quarter gross domestic product growth beat expectations and initial estimates, helped by stronger semiconductor production and engineering demand. GDP rose 5.4% year-on-year in the third quarter, government data showed, faster than...
Mexico's economy exhibited growth in the third quarter of 2024, with the Gross Domestic Product (GDP) increasing by 1.1% compared to the previous quarter, according to seasonally adjusted figures. This rise marks a positive shift in the country's economic...
Earnings per share is JPY184.72 for the period. Sumitomo Mitsui Financial Group (SMFG) reported a profit attributable to owners of $4.68b (JPY725.17b) in the first six months of FY2024 that ended on 30 September 2024, 37.7% year-on-year (YoY) higher, its...
Only 62% of global investors say that their institutions’ investment performance met or exceeded long-term return objectives through the turbulence of 2022-2023, according to a report from the financial consultancy bfinance. In 2024, however, there’s a slightly more optimistic tone,...
Thailand’s economy expanded 3.0 per cent in the third quarter from a year earlier, official data showed, the fastest pace in two years and beating the median forecast of 2.6 per cent growth in a Reuters poll of analysts. On...
Colombia economy grew 2.0% year-on-year in third quarter Colombia's economy grew 2.0% year-on-year in the third quarter, the government's DANE statistics agency said. The result came in below market expectations of 2.3% in a Reuters poll last week and the central...
Aluminum prices are expected to stay elevated in 2024 owing to a tightening market balance on the back of strong growth in global demand outpacing supply, says BMI, a unit of Fitch Solutions Group. In a report released, the analytics...
On yearly basis, GDP in UK estimated to have risen 1% in July-September. Gross domestic product (GDP) in the UK economy rose 0.1% in the third quarter of 2024 compared to the previous period, below market forecasts, according to flash...
Bangkok Bank reported a net profit attributable to shareholders of over $358.91m (THB12.47b) for the third quarter period that ended on 30 September 2024. Basic earnings per share was THB6.54 (approximately $0.19) for the period, higher than the THB5.95 ($0.17)...
