“Had it not been for this shock, we would have been upgrading global growth,” Georgieva says. The Iran war is darkening the outlook for the world economy — whether or not a fragile ceasefire holds, the head of the International...
Singapore's international investment position showed a mix of net asset and net liability positions across categories. Portfolio investment recorded a net asset position of $2.11t in Singapore’s international investment position (IIP) by category as at end of fourth quarter (Q4)...
Swift has begun building the first iteration of its blockchain-based shared ledger, enabling interoperability between banks’ tokenised deposits to facilitate 24/7 cross-border payments. Since announcing plans for the ledger in September 2025, a group involving a global cohort of banks has been shaping the ledger's design. Now, having completed this...
After years of restructuring, 2025 may signal a turning point, report says. After years of restructuring and retrenching, the capital markets businesses of Europe’s big banks finally look to be on the road to recovery, Morningstar DBRS Inc. says. In fiscal...
The potential risk comes at a time when the data centre build-up is already facing a water problem. The energy shock sparked by the Iran war is increasingly coming up in conversations about data centre deals for Asian bankers, who...
Misreporting of invoice values is occurring “at massive scale” across Asian supply chains, researchers have said, with as much as a quarter of China’s trade showing signs of potentially fraudulent misinvoicing. The findings were outlined in a paper published last...
Industrial and Commercial Bank of China (ICBC)'s new lending and bond investment totaled 4.8 trillion yuan (about 694.23 billion U.S. dollars) last year, reaching a record high, the bank revealed on Friday. The bank said it stepped up support for...
Brookfield and Quebec-based institutional investor La Caisse announced an agreement to acquire Quebec-based global renewable energy platform Boralex, in a deal valuing the company at an enterprise value of USD$6.5 billion. Under the terms of the agreement, which has been...
China CITIC Bank recorded a net profit attributable to its shareholders of 70.62 billion yuan ($10.24 billion) in 2025, up 2.98 percent year-on-year. The nationwide joint-stock commercial lender combined efforts to stabilize income and reduce costs to create more room...
Core Scientific, Inc., a leader in digital infrastructure for high-density colocation, today announced that it closed an additional $500 million commitment provided by JPMorgan Chase Bank, N.A. under the accordion feature of the Company’s previously announced 364-day credit facility...
