Singapore's 3 biggest lenders are expected to post declines in their net profits for the April-June quarter amid falling interest rates and slower loan growth.
Singapore Banks Face Earnings Decline In Q2 As Rates Head South
Singapore's 3 biggest lenders are expected to post declines in their net profits for the April-June quarter amid falling interest rates and slower loan growth.
Singapore highlights banks as posing highest money laundering risk
The Asian financial hub had assets under management of S$4.9 trillion ($3.6 trillion) in 2022. As at end 2022, 76% of Singapore’s assets under management originated from outside Singapore.
Lebanon passes bank restructuring law in step towards IMF reform
The IMF has long said the law, which was passed on Thursday night, was crucial for Lebanon to recover from the crisis, in which the currency lost over 90 per cent of its value and bank deposits were ...
Sanctions Push Russian Money into Kyrgyz Crypto Markets
Despite tightening financial rules and Western sanctions on its traditional banking sector, Kyrgyzstan is seeing a surge in ruble-linked cryptocurrency trading, facilitating continued Russian efforts ...
Transfers with rouble-backed crypto coin pass $40 billion after July spike, researchers say
A rouble-backed stablecoin that could help Russia circumvent Western restrictions on payments has seen a jump in transaction volumes in July, with funds moved through the coin surging past $40 billion ...
Kyrgyzstan Hits Growth Streak: Economy Holds Steady Despite External Stuff
BAKU, Azerbaijan, August 1. Kyrgyzstan's economy continues to demonstrate impressive growth momentum. According to official data, ...
Laos braced for blow of Trump tariff threat
Hawking clothes outside the garment factory where her daughter toils inside, a Laos vendor weighs US President Donald Trump's threat of trade tariffs that may soon snarl both their livelihoods.But ...
Azerbaijan tightens banking operations on foreign financial sources
Azerbaijan has implemented new restrictions on banking operations involving foreign financial sources, with amendments signed by President Ilham Aliyev targeting unregistered foreign financial ...
Finance Ministry downplays US 15% tariff on Israeli goods, say there is ongoing dialogue for deal
The rate set for Israel is down from the initial 17% rate issued by the US president in the executive order signed in April, which imposed tariffs on a host of nations. The Finance Ministry responded ...