Weak consumer demand, slumping investment drag on China’s economic growth
Retail sales rose just 0.6% year on year in July, slowing from 1% in June and missing the 1.5% increase…
Author: Team Invest50
With NEOS acquisition, Goldman consolidates its position in active ETF space
Goldman Sachs will acquire exchange-traded funds (ETFs) provider Neos Investments (NEOS) for as much as USD 2.25 billion, with the investment…
Deutsche Bank becomes first European bank to clear China’s Renminbi
Deutsche Bank has been appointed by China as a renminbi clearing bank in Europe, making it the first European financial…
Singapore doubles down on AI boom, raises forecast after Q2 GDP growth
In its second GDP upgrade of the year, Singapore’s Ministry of Trade and Industry lifted its forecast to 4.5%-5.5%, from…
Norway wealth fund posts record USD 184 billion profit as CEO warns of risks
Investing in the Norwegian state’s revenues from oil and gas production, the fund currently owns on average 1.5% of all…
ADB, insurers to unlock USD 2.5 billion for Asia-Pacific’s small businesses
ADB’s ‘Master Framework Program for Financial Institutions’ expands a credit insurance program that the global lender launched in 2022 The…
Berkshire Hathaway shares hit post-Buffett high after buybacks, strong earnings
As per the American conglomerate’s quarterly reports, its cash pile fell to USD 364.7 billion on June 30 from a…
Clarity Act: US Senate advances landmark crypto bill despite bipartisan opposition
As per the crypto industry, the act is necessary to provide legal clarity for the industry and could potentially boost…
Security Bank elevates BetterBanking with award-winning rewards
Best Customer Loyalty Program award at International Finance Awards 2025 puts spotlight on Security Bank’s focus on meaningful engagement Security…
Hackers dial Wall Street as ‘Vishing Wave’ hits private equity giants
A single extortion crew hiding behind four brand names used phone calls and fake passkey portals to hunt the Wall…