Tag: Asian Development Bank

BusinessEconomy and Trading

Morgan Stanley Reports Record $18.2B Revenue in Blockbuster Quarter, Shares Surge 4.7%

Morgan Stanley delivered its largest earnings surprise in nearly five years with record quarterly revenue reaching $18.2 billion. The banking giant’s shares climbed 4.7% as robust performance across equities trading, investment banking, and wealth management divisions fueled exceptional results.

Record-Breaking Quarterly Performance

Morgan Stanley reportedly posted a blockbuster third-quarter earnings report that far surpassed analyst expectations, marking its biggest earnings beat in nearly five years, according to financial reports. The New York-based banking giant achieved record net revenues of $18.2 billion for the quarter ending September 30, 2025, representing an 18% increase from the previous year. Sources indicate net income surged nearly 44% year-over-year to $4.6 billion, or $2.80 per diluted share, significantly above consensus forecasts of $2.10 per share.

by Sarah Collins
BusinessStartups

CIBC Innovation Banking Provides $1.5 Million Growth Capital to Fitness Software Firm FLiiP

CIBC Innovation Banking has announced a $1.5 million debt facility to FLiiP, an end-to-end management software platform for fitness businesses. The financing will reportedly accelerate FLiiP’s market expansion across North America and Europe. The platform aims to help gym operators streamline operations and drive revenue growth through AI-powered automation.

CIBC Backs Fitness Management Platform with Growth Capital

According to reports from Business Wire, CIBC Innovation Banking has provided a $1.5 million debt facility in growth capital to FLiiP, an end-to-end management software platform specifically designed for fitness businesses. Sources indicate this financing will support FLiiP’s market expansion initiatives across Canada, the United States, and Europe.

by Darren Holt
EnergyInfrastructure

ADB and World Bank Launch ASEAN Power Grid Financing Initiative to Boost Regional Energy Integration

The Asian Development Bank and World Bank have jointly launched a major financing initiative for the ASEAN Power Grid project. According to reports, the ADB will commit $10 billion to develop interconnected power infrastructure across Southeast Asia.

Major Financing Initiative for Regional Energy Integration

The Asian Development Bank and World Bank have launched the ASEAN Power Grid Financing Initiative to support the development and integration of national power systems across Southeast Asia, according to reports from Malaysian state news agency Bernama.

by Darren Holt