Bank Indonesia held its benchmark interest rate for a seventh straight meeting and said it was ready to do more to stabilise the rupiah and inflation outlook from the impact of the Middle East conflict. The central bank held the...
Bank of America, opens new tab beat estimates for first-quarter profit, as heightened market volatility pushed revenue from equities trading to a record and a rebound in mergers and acquisitions boosted investment banking fees. Global equity markets entered 2026 on...
The trade finance gap continues to sit at a persistent $2.5 trillion. The latest Asian Development Bank (ADB) survey on the gap identifies a subtle decrease in the percentage of total trade that the gap represents, as well as...
U.S. Bancorp, opens new tab reported a 13.6% jump in first-quarter profit, driven by higher interest income and fee revenue. Loan growth has been quite strong across the industry in recent months as a string of rate cuts by the...
Cross-border expansion rose as AI and ASEAN shape capital allocation decisions. Majority of business leaders and institutional investors in Singapore are increasing cross-border trade and investment and adjusting capital allocation strategies amidst heightened global volatility, HSBC said. In a survey released...
For the full year 2025, the currency appreciated 6.2% against the US dollar. Singapore attracted strong foreign investment and saw continued currency strength heading into 2026, according to a McKinsey report. The Singapore dollar remained firm, trading within a narrow range...
Manufacturing growth slowed to 5%, while construction rose by 9%. Singapore’s economy grew by 4.6% year-on-year (YoY) in the first quarter of 2026 (Q1), easing from the 5.7% expansion recorded in the previous quarter, according to the Ministry of Trade...
Profit increased to US$3.06 per share in the three months ended March 31. Citigroup beat estimates for first-quarter profit on Tuesday (Apr 14), as geopolitical tensions fuelled market volatility and boosted trading revenue, while strong dealmaking buoyed investment banking fees,...
Up to $100t will be transferred to Gen Z and Millennials over the coming decades. Stablecoin transaction volumes are expected to reach $719t by 2035, and as much as $1.5 quadrillion (q) if factoring in macro-catalysts, according to estimates by...
Its net profit came in at US$5.25 billion, or US$1.60 per share. Wells Fargo’s profit rose in the first quarter, aided by higher income from interest payments and increased trading gains from volatile markets. The lifting of a seven-year, US$1.95 trillion...
