Japan's economy contracted much faster than expected in the third quarter as supply disruptions and new COVID-19 cases hit business and consumer spending, casting doubt on the new government's growth plans.
Mizuho Financial Group, Japan's third-largest lender by assets, said its half-year net profit rose 79% year-on-year due to technical glitches at its retail banking unit.
Sumitomo Mitsui Financial Group Inc (SMFG), Japan's second-largest lender by assets, reported a 69% jump in half-year net profit.
Global wealth has tripled over the past two decades, with China leading the way, overtaking the US to take first place in the world.
Mitsubishi UFJ Financial Group Inc (MUFG) reported a 6.3% drop in net profit in the six months to September as its profit in the same period last year was supported by the release of provisions for bad loans.
GDP growth accelerated significantly in the second quarter, rising to 17.9% year-on-year from 2.9% in the first quarter, helped by a favorable base effect.
According to a recent McKinsey report, consumer adoption of digital banking is rapidly accelerating, and one of the most important factors is rapid adoption in emerging markets in the Asia-Pacific region.
Dubai's non-oil foreign trade grew 31% in the first half of 2021 to reach Dh722.3 billion ($196.6 billion) from Dh550.6 billion in the corresponding period in 2020.
In the United States, large banks and investment companies plan to launch an online platform for initial public offerings by the end of 2021.
The Monetary Authority of Singapore has announced plans to begin connecting the country's PayNow system to Malaysia's DuitNow real-time payment systems in a phased manner.
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