GDP surpasses 140 trillion yuan for first time despite weak domestic demand, property slump. China’s economy expanded by 5% in 2025, meeting the government’s annual growth target, official data showed on Monday. According to figures released by the National Bureau of...
JPMorgan Chase posted fourth-quarter results that topped expectations on better-than-expected revenue from the bank's trading operations. Here's what the company reported: Adjusted earnings: $5.23 per share vs. $5 consensus estimate from LSEG Revenue: $46.77 billion vs. $46.201 billion expected by LSEG The company...
Its profit attributable to common shareholders rises to US$4.4 billion in Q4, from US$3.9 billion a year before. Goldman Sachs’ profit rose in the fourth quarter, fuelled by dealmaking, stronger trading revenues in a turbulent market and a one-time gain...
Any resulting drag on the operating profit and RWA should be manageable. Most banks in the Asia-Pacific region are expected to maintain “broadly steady profitability” in 2026, although net interest margins (NIMs) are still likely to decline. Credit costs uncertainty and...
China’s imports and exports rose 3.8 percent to a record CNY45.47 trillion (USD6.52 trillion) last year, maintaining the country’s position as the world’s largest trading nation. Imports rose 0.5 percent to CNY18.48 trillion and exports climbed 6.1 percent to CNY26.99...
Citigroup posted fourth-quarter results that topped expectations as the lender reaped more interest income and set aside less money for troubled loans than analysts had expected. Here’s what the company reported: Adjusted earnings: $1.81 per share vs. $1.67 expected, according to...
Swift has completed a tokenized bond interoperability trial with SG-FORGE, BNP Paribas Securities Services, and Intesa Sanpaolo, demonstrating delivery versus payment settlement using both fiat currency and stablecoins. The latest trial also covered interest payments and redemption of the...
BlackRock posted a “historic” quarter as assets rose to $14tn supported by strong inflows across the business, including its alternatives platform. The world’s largest asset manager recorded a record $698bn of net inflows for the full year, including $342bn in...
Continuing their unique collaboration, GSBN, IQAX and ICE Digital Trade now enable cross-platform electronic bill of lading (eBL) transactions involving banks. New Golden Sea Shipping (a COSCO Group subsidiary), Lenzing (Thailand) Co., Ltd, HSBC Thailand, China Zheshang Bank (CZBank), and...
The moves signal targeted adjustments to bolster an economy hit by weak demand and imbalances. China’s central bank signalled it has room to further reduce interest rates and bank reserve requirements, while stepping up targeted support for the economy with...
