Swift is working with 25 leading cash management banks and 20 corporates to develop a white labelled transaction tracking service for ISO 20022 messages across the entire payment chain. Under the programme, Swift will deliver a bank agnostic solution for...
The funds will go into developing a regional water-supply system that would feed three cities. DBS, South-east Asia’s largest lender, will be loaning an undisclosed sum of money under a blended-finance project that supplies fresh water to three cities in...
Norway’s US$1.7 trillion sovereign wealth fund has decided to exclude Adani Ports & Special Economic Zone Ltd from its portfolio, citing 'unacceptable' risks that the company is tied to human rights violations in war and conflict zones. Norges Bank Investment...
DBS’ and OCBC’s DPS are likely to rise in H2. Singapore’s DBS and OCBC delivered strong earnings across the board in Q1, thanks to loan growth picking up and a surge in non-interest income. Loan growth rose 2% across the big...
An annual dividend of JPY105 per share has been announced. Mizuho Financial Group’s net income rose to $4.39b (JPY678.9b) in FY2023, a 22% rise from its reported net income of JPY123.4b in FY2023, its latest financial results showed. An annual dividend...
Indonesia expects oil and gas investments to rise 29% to US$17b in 2024 Indonesia expects investments in its oil and gas sector to rise 29% in 2024, as it races to ramp up drilling and exploration following the recent exits...
Announcing that it will add 10 new ships to its fleet in the new year and start trading as well as sunflower transportation, Palmali Holding stated that its growth plans will gradually increase. Palmali Holding, one of the world's leading...
Dutch bank ABN Amro beat first-quarter profit expectations, saying it continued to benefit from a high interest rate environment with strong net interest income and a low cost of risk. ABN Amro, one of three dominant banks in the Netherlands...
Israelis resumed shopping and businesses invested in residential housing in the first three months of 2024, leading to a sharp economic rebound after growth was hit late last year at the outset of Israel's war in Gaza. The Central Bureau...
Weak private consumption, investments and trade figures cause decline in GDP. The Japanese economy contracted at an annual rate of 2% in the first quarter of 2024, preliminary figures showed. Markets and economists had forecast a contraction of 1.5%. Private consumption, the...
