US custodian bank State Street Corporation is buying the overseas custody business of Japanese banking and financial conglomerate Mizuho Financial Group for an undisclosed sum. Mizuho Group had more than US$600 billion of overseas assets as of end-2024, comprising $580...
MUFG Bank, Ltd. (MUFG), Japan’s leading financial institution, has successfully executed its first fully digital trade finance transaction from its GIFT City Branch for a subsidiary of Tata International Limited, the global trading arm of the Tata Group. This...
Abu Dhabi sovereign wealth fund ADQ and Australia’s Plenary Group have formed a co-investment platform that will focus on opportunities in public infrastructure across the Middle East and central Asia. The move comes almost a year after ADQ paid A$1...
They’ve proposed a second interim dividend of 20 sen per share. CIMB saw its net profit rise 10.7% YoY to $1.71b (MYR7.73b) in 2024, according to a press release. Earnings per share is 72.3 sen for the period. The group has also...
Full-year dividend is 61 sen per share. Maybank reported a net profit of MYR10.09b (US$2.27b) for FY2024, a 7.9% year-on-year (YoY) increase, thanks to strong operating income and improvement in net impairment provisions. Profit before tax rose 9.3% YoY to MYR13.7b...
Asia could account for almost half of global fintech transactions by the end of the year as it continues to outpace other regions, according to recently published research. A report from Singapore-based fintech UnaFinancial found that fintech-related transactions reached $16.8tr...
Standard Chartered has become the first international bank to fully adopt the International Chamber of Commerce’s (ICC) Principles for Sustainable Trade Finance, the bank announced yesterday from its Singapore headquarters. The ICC published these principles in October 2024, establishing clear...
The Digital Container Shipping Association (DCSA) announced the release of the final version of its Booking 2.0 and Bill of Lading 3.0 standards, which set universal frameworks on the treatment of key trade documents and the communication between shippers...
Indonesia has launched a new sovereign wealth fund to manage more than US$900 billion of state assets, two weeks after its parliament approved legislative amendment paving the way for the creation. Known as Daya Anagata Nusantara or Danantara, the wealth...
Its earnings per share is S$1.67, and total dividend is S$1.01. Oversea-Chinese Banking Corporation (OCBC) reported a net profit of S$7.59b (US$5.63m) for FY2024, an 8% year-on-year (YoY) increase, its latest financial highlights showed. Its banking operations’ net profit rose 5%...
