trillion

China’s Industrial Output and Retail Sales Surge, Boosting Recovery Hopes

China's economic outlook shows improvement as industrial output and retail sales beat expectations in October. Industrial output accelerated to 4.6%,…

2 years ago

BPI’s Vybe E-Wallet Emerges as a Game-Changer in the Philippine Banking Landscape

BPI, the Bank of the Philippine Islands, aims for exponential growth with the launch of Vybe, its innovative mobile wallet.…

2 years ago

Middle East’s Asset Management Industry Outperforms Global Trends, Fosters Transformation

In a remarkable feat, the asset management industry in the Middle East has defied global economic challenges, recording a growth…

2 years ago

Mobile Sector Adds $5.2 Trillion to Global Economy

Mobile technologies and services generated 5% of global GDP, a contribution that amounted to $5.2 trillion of economic value added.…

3 years ago

DIFC Attracts Top Wealth Management Firms

Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa, and South Asia (MEASA) region,…

3 years ago

Goldman Sachs dealmakers see M&A recovery in second half of 2023

Goldman Sachs Group Inc's top dealmakers are bullish on a recovery in global mergers & acquisitions (M&A) in the second half…

3 years ago

Germany’s half-a-trillion dollar energy bazooka may not be enough

Germany is bleeding cash to keep the lights on. Almost half a trillion dollars, and counting, since the Ukraine war…

3 years ago

Exclusive: China’s state banks seen acquiring dollars in swaps market to stabilise yuan

China's state banks stepped up their intervention to defend a weakening yuan on Monday, with banking sources telling Reuters these…

3 years ago

Samsung quarterly profit set to slump 25%, first decline in nearly three years

Samsung Electronics Co Ltd's (005930.KS) third-quarter profit could tumble 25%, the first year-on-year decline in nearly three years, as an economic downturn…

3 years ago

Analysis: Japan is chasing its tail on yen intervention

As the Bank of Japan steps into currency markets for the first time in decades to defend a battered yen,…

3 years ago