Vatican imposes new investment policy amid financial scandal
The policy prohibits speculative investments, short sales and complex high-leverage financial products.
Singapore’s exports rose 9.0% in June
Oil domestic exports (NODX) increased for the 19th straight month in June, led by shipments of non-electronic products such as petrochemicals.
JPMorgan’s second-quarter profit fell 28%
JP Morgan Chase reported second-quarter earnings that fell 28 percent from a year ago, primarily due to higher noninterest expenses and a significant increase in net lending provisions.
UK fintech investment rises despite global slowdown
While global fintech investment remained flat in the first half of the year, the UK saw growth of 24% year-on-year, according to Innovate Finance.
China’s exports grew 17.9% in June
Imports are growing more slowly, up 1% from last year, customs data show.
US venture capital dealmaking slows due to economic uncertainty
Venture capital activity in the United States declined in the first half of 2022 as investors shied away from signing large checks for startups due to uncertain macroeconomic conditions and market turmoil, according to the report.
Singapore’s economy grew 4.8% year-on-year in the second quarter
According to live data, Singapore's economy grew by 4.8 percent year-on-year in the second quarter of 2022, up from 4 percent three months earlier.
Stress tests highlight banks’ climate challenges
Reliable data is scarce and lending to heavy polluters is high, Fitch said.
Commerzbank joins the Contour blockchain trade finance network
Singapore-headquartered Contour has announced the addition of Commerzbank to its blockchain trade finance network, bringing the number of participants to 17 banks. The network is digitizing letters of credit.
Hong Kong Exchange taps HSBC and Tencent to help create carbon market
Hong Kong's stock exchange said it has tapped banks including HSBC and companies such as China's Tencent to help it develop a global carbon market.
