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Global Market: Singapore's OCBC, UOB Q2 profits rise as wealth business cushions impact of lower interest ratesSingapore's OCBC and UOB banks have exceeded expectations with their second-quarter earnings, showcasing resilience amid lending income cha...- Global Market: DBS raises full-year outlook as record Q2 profit beats estimatesDBS Group announced a robust nine percent increase in net profit for the second quarter, bolstered by a remarkable forty-two percent rise i...
- Temasek-backed agritech startup Rize raises $31 million to fund expansionSustainable agritech platform Rize has raised thirty-one million dollars for expansion. This funding will support operations across Southea...
- Dollar poised for largest weekly rise in two months as Fed hike bets increaseDollar surged to a two-month high, fueled by rising energy prices and shipping disruptions, intensifying inflation fears and boosting expec...
- Clout of Indian bonds takes a lift in Asian bond portfolios, says Morningstar reportThe inclusion of Indian local currency sovereign bonds into its Government Bond Index-Emerging Markets (GBI-EM) along with UOB Asset Manage...
- Asian stocks bounce on China spending plans; inflation jolts AussieBonds have held onto a bounce-back after the 10-year Treasury yield breached 5% on Monday, with the benchmark yield firm at 4.82% in Tokyo ...
- Taylor Swift’s Eras tour prompts leaders to ask her to play in their country, but why? Know about the superstar’s impact on economyTaylor Swift took the stage for the first night of The Eras Tour at Empower Field at Mile High in Denver on Friday, July 14, 2023, entertai...
- Citi to sell SE Asian consumer banking business for $3.6 bnUS financial giant Citigroup said Friday it will sell its consumer banking businesses in Indonesia, Malaysia, Thailand and Vietnam for $3.6...
- China's economic recovery loses some steam, investors eye more policy easingGross domestic product (GDP) expanded 7.9% in the April-June quarter from a year earlier, official data showed on Thursday, missing expecta...
- BondEvalue obtains approval from Singapore regulator to run bond exchange“Getting the MAS’ greenlight is a big deal for us,” said Rahul Banerjee, founder and CEO of BondEvalue. It will help to accelerate engageme...
- Travel portal HappyEasyGo raises Rs 350 croreThe company, promoted by Boris Zha, a Singaporean national, raised the funds from Korea Investment Partners (KIP), SamsungVenture Investmen...
- Forget zero fees & robots. One broker doubles down on humans“DBS’s decision offered a good opportunity to scale up,” Choo said.
- Investors who chased Asia's highest real yielders ended up lastIndonesian and Indian debt were at the bottom of the region’s rankings.
- InnoVen Capital appoints Chin Chao as interim CEO for India operationsThe appointment will be effective immediately, even as the board continues the search process for a permanent CEO, which it hopes to comple...
- United Overseas Bank-Temasek to provide $500 million to start-ups in India, ChinaUOB has entered into an agreement with Temasek to provide venture debt financing to start-ups, said Temasek in a statement.
- Singapore's UOB, Temasek to offer $500 million for Asia startupsUnited Overseas Bank said it will partner with Temasek Holdings to provide up to $500-mn in venture debt financing to start-ups in China, I...
- Singapore Air's new CEO may sell Virgin stakeGoh, 47, may get offers for the airline's 49% stake in Virgin Atlantic after the UK carrier said this month it had received tie-up inquirie...
- Singapore sees China and India as big banking marketsSingapore has identified China and India as "huge potential markets" where its banks can expand after undertaking further consolidation, th...
- Subprime fallout could last two years: Singapore bank headThe global fallout from the US subprime mortgage crisis could last another two years.
- RBI lets 2 Singapore banks open account in IndiaThe RBI granted licences to 2 Singapore banks, DBS & UOB. In turn, the Monetary Authority of Singapore has approved a full bank licence to ...
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