Vietnam's economic growth accelerated in the second quarter on robust exports, government data showed, but rising inflation remained a challenge for the Southeast Asian country. Gross domestic product (GDP) is estimated to have expanded to 6.93% in the second quarter...
BlackRock Inc said that it had entered an agreement to buy British data firm Preqin for 2.55 billion pounds ($3.2 billion), granting the asset manager more space in the alternative investments sector. BlackRock said in a press release that the...
The Bank for International Settlements is to move toward live implementation of Prject Nexus, an initiative that seeks to enhance cross-border payments by connecting multiple domestic instant payment systems globally. The live launch follows an earlier phase of development in...
Investment analysts foresee Malaysia’s banking sector to continue its upward momentum underpinned by ongoing loan growth and stabilising net interest margin (NIM), as well as the potential of higher net interest income (NII). The banking sector will likely continue to...
Geopolitical turmoil, inflationary pressures, tight financial conditions are key global risks, says Banco de Mexico. Mexico's central bank kept the target for the overnight interbank interest rate unchanged at 11%. The move came in line with market expectations. Banco de Mexico reduced...
Global Initial Public Offering volume 551 in January-June this year. Global Initial Public Offers (IPO) decreased 12% year-on-year to 551 in the first half of 2024, according to the Audit and Consulting Company, EY. Revenue generated through public offerings also decreased...
Demand for tokenised real-world assets could reach $30.1 trillion by 2034, with trade finance assets making up a significant part of the market, predicts a paper from Standard Chartered and Synpulse. Currently, the tokenised assets sector is mainly made up...
Central banks should embrace artificial intelligence to sharpen their analytical tools in pursuit of financial and price stability, according to the Bank for International Settlements. AI will have a transformative effect on the financial system, labour markets, productivity and economic...
External financing pressure, macro and financial stability risks on Turkish banking sector reduced, rating agency says. The US-based credit rating agency Fitch has revised its outlook for the Turkish banking sector from neutral to improving. The agency stated that external financing...
U.S. corporates’ interest coverage continued decline in Q1. High interest rates are increasingly eating into corporate profits. S&P Global Market Intelligence reports debt service costs consumed a larger share of U.S. corporate profits in the first quarter. For the median investment grade...
