Tag
#ANZ
Economy
Singapore Warns Economic Outlook Dims Despite First Quarter Beat
Singapore's first quarter GDP grew 6 per cent year-on-year, beating consensus, but the trade ministry warned the outlook has weakened as the Strait of Hormuz disruption clouds global trade.
By Helena Brandt
Banking
Asia-Pacific banks raise Iran war provisions as $180B credit risk looms
Asia-Pacific banks have set aside $3.8 billion in combined war-related provisions as the Iran conflict's oil shock and trade disruption begin flowing into corporate and consumer credit risk. S&P warns a prolonged conflict could drive $180 billion in additional credit losses.
By Naomi Voss
