The provision of cross-border bank credit reached a record high. Global bank liquidity grew in the first quarter as cross-border credit rose to record heights, according to new data from the Bank for International Settlements (BIS). In a new report, the...
Global electricity demand is expected to expand at one of the fastest sustained paces in over a decade despite ongoing economic pressures, according to a new IEA report, with renewables, natural gas and nuclear all contributing to meet the...
Mitsubishi UFJ Financial Group (MUFG) posted a 2.2 per cent rise in first-quarter net profit on Monday as loan demand in Japan and abroad rode out market volatility over the quarter, after stripping out a one-time item. The results from...
Saudi Arabia's real gross domestic product (GDP) grew by 3.9% in the second quarter of 2025 compared to the same period in 2024, reported SPA citing data from General Authority for Statistics in Saudi Arabia. As per the GASTAT data,...
The UAE has achieved historic figures in non-oil foreign trade during the first half of 2025, with a growth rate exceeding 24.5%, reported Wam citing a senior minister. Dr Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, said the...
It joined other major banks in making the most of a surge in trading activity amid market turmoil. UBS’ second-quarter profit more than doubled from a year earlier, comfortably ahead of expectations, as it joined other major banks in making...
However, the “headline numbers are hiding the economy’s true performance,” analyst says. The U.S. economy expanded at a surprising 3% annual pace from April through June, bouncing back at least temporarily from a first-quarter drop that reflected disruptions from President...
The Bank of Japan kept interest rates steady on Thursday and offered a cautiously optimistic view on the economic outlook, after Tokyo’s trade deal with Washington cleared some uncertainty surrounding its fragile recovery. The central bank also revised up its...
Central bank holds key rate at 4.3% for fifth time this year. The Federal Reserve left its key short-term interest rate unchanged for the fifth time this year, brushing off repeated calls from President Donald Trump for a cut. The Fed’s...
Governor Tiff Macklem says rate cut remains on the table if growth falters. Signs of resilience in the Canadian economy were enough for the Bank of Canada to leave its benchmark interest rate unchanged Wednesday, but the spectre of U.S....
