The Banking & Insurance sector – often referred to as the lifeblood of the real economy – is of vital importance in the modern credit-driven economic growth model. Among its functions are intermediation between savers and borrowers, ensuring funds are allocated efficiently; support of payment and settlement systems that facilitate trade and international economic relations; and provision of various products that mitigate risk and uncertainty. The accelerating pace of technological change, stricter regulation and shifting consumer habits are reshaping the traditional banking model and pushing the sector towards innovation-led growth.
Activities associated with Banking & Insurance are depositary and non-depositary credit intermediation and related activities, investment banking, securities brokerage, commodity contracts dealing and diverse financial investment activities. The sector also includes insurers, re-insurers and insurance brokerages, pension funds, health and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
In Q2 FY2024, Brent crude prices averaged USD 86.7, a 10.6% q/q increase but a 13.9% y/y decline. Brent crude prices weakened by 10.8% m/m in May 2023 and by 1.0% m/m in June, but July, August and September saw Brent crude prices rise by 7.0% m/m, 7 ...
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The Philippines' consumer goods and retail sector has grown rapidly in recent years, fueled by a young population and a growing middle class. The business process outsourcing (BPO) industry and a significant volume of USD-denominated remittances from ...
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India is a significant global producer and exporter of chemicals. India's chemical expertise spans a wide range of product categories. Despite these advantages, India is still a net chemical importer. In several key categories, India lacks adequate ...
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In the second quarter of 2023, the net revenue of Brazil's telecom industry stood at BRL 42.7bn, growing by 7.2% y/y and by 0.7% compared to the first quarter of 2023. Mobile telephony services (including mobile broadband services) accounted for 49 ...
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In FY2022, the transportation sector in India generated gross value added (GVA) exceeding INR 9.62tn, constituting 4.48% of the nation's economy. The government has formulated an all-encompassing infrastructure investment strategy that incorporates ...
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According to the Monthly Survey of Trade (PMC) by Brazil's Statistics Office (IBGE), in September 2023, the retail trade in Brazil witnessed a 0.6% growth in sales volume compared to August 2023, adjusted for seasonal variations. This marked a ...
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The Brazilian fintech sector features a variety of players and services. Despite the large number of companies operating through online platforms and providing innovative financial services in Brazil, only 210 of these firms were being monitored by ...
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In Q2 2023, sales of new motor vehicles in Brazil reached 526,782 units, increasing by 11.7% q/q and by 2.8% y/y. Passenger cars was the leading category with a market share of 73.6% in total sales during Q2 2023, followed by light commercial ...
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Africa's telecommunications industry has expanded rapidly in recent years, driven primarily by the mobile services segment. The number of mobile cellular subscribers in Africa more than doubled over the past decade rising at a CAGR of 7% in the ...
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Despite the recent efforts to transform Poland's energy sector, in 2022, still more than 70% of total energy generation came from coal, with hard coal responsible for 44.2% and lignite for 26.5%. The importance of coal for the energy sector, however, ...
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