Services trade drives 7% growth while developing economies face mixed outcomes amid rising opportunities in ICT and apparel sectors. Global trade is set to hit a historic $33 trillion in 2024, posting a 3.3% annual growth, according to the latest...
Revenue for the quarter totalled $6.62 billion, up from $5.85 billion in the same quarter last year. Canadian Imperial Bank of Commerce raised its quarterly dividend as it reported a rise in revenue and earnings while its provisions for potentially...
Italy's economy stagnated in the third quarter from the previous three months due to a slump in exports and investments, national statistics bureau ISTAT said, confirming provisional data. On a year-on-year basis, third quarter gross domestic product was up 0.4%,...
BNP Paribas Asset Management has launched a Low Carbon Transition Infra Equity Fund targeting €750m from institutional investors such as insurers, pensions funds and corporates. The first vintage of BNPP AM’s low carbon infrastructure equity strategy is supported by BNP...
Australia’s economic growth remained sluggish last quarter as a surge in government spending underpinned the expansion, highlighting the Reserve Bank of Australia’s (RBA) policy challenge as inflation is still stubbornly sticky. Gross domestic product rose 0.8 per cent from a...
Figures show US, UK make up largest FDI recipients, investors. EU-based investors’ net foreign direct investment (FDI) stocks in non-EU countries totaled €9.2 trillion ($9.7 trillion) in 2023, down 4.1% year-on-year, according to the Eurostat statistical bureau on Tuesday. The US...
Hong Kong’s Financial Services Development Council (FSDC), a government think tank, has released a report outlining recommendations on how to leverage the city’s financial muscle to develop transition finance in the fight against climate change. Among other things, it says...
Scotiabank says it expects to see continued loan pressure and political uncertainty in the months ahead as it reported profits that were up from a year ago but below analyst expectations. The bank kicked off a week of bank earnings...
European asset managers face dilemmas over ESG priorities, including nuclear energy and military investments, according to the debut edition of the Funds Europe Asset Managers’ Carbon Impact Research Report. The report shed light on the challenges of integrating debatable issues...
Absent reform, region faces serious demographic, productivity challenges. European economic growth potential is poised to slow significantly in the years ahead, driven by population aging and lagging productivity, says Moody’s Ratings. In a new report, the rating agency warned that trend...
