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Category: FINANCE

Posted on 02/12/2024

HSBC begins search for successor to chair Tucker; ECB’s chief economist urges focus shift to upcoming risks

Under Tucker’s tenure, HSBC achieved record profits, navigated the Covid-19 pandemic, and resisted a shareholder push for a breakup. He oversaw key changes in leadership, including the controversial ...

Posted on 02/12/2024

Despite divestment news, OCBC keeps SingPost at ‘hold’ pending further clarity on strategic review

"We await further clarity on SingPost's next engine of growth, backed by a stronger balance sheet and greater financial flexibility. Pending this as well as the necessary approvals for the divestment ...

Posted on 02/12/2024

JPMorgan Chase Bank faces $1.78m penalty in Singapore for OTC misconduct

This enforcement action follows MAS's review of pricing and disclosure practices in the private banking sector.

Posted on 02/12/2024

Macquarie remains ‘constructive’ on Singapore equities for 2025, sets STI target of 4,000

Heading into 2025, Macquarie has set a Straits Times Index (STI) target of 4,000 based on its bottom-up stock coverage with an expected 5% earnings per share (EPS) growth, according to its Singapore ...

Posted on 02/12/2024

Singapore cenbank fines JPMorgan $1.8 mln over misconduct by relationship managers

Singapore's central bank said on Monday it fined U.S. lender JPMorgan Chase S$2.4 million ($1.79 million) for failing to prevent and detect misconduct committed by its relationship managers.

Posted on 02/12/2024

Standard Chartered Singapore Marathon 2024 participant dies, man found with folding knife at church: Singapore live news

A Standard Chartered Marathon 2024 participant has died, and a man was found with a folding knife at a Catholic church More curated and international news updates on Yahoo Singapore.

Posted on 02/12/2024

DBS adopts more conservative stance than market on JS-SEZ but remains optimistic on the partnership

Analysts await the upcoming 11th Malaysia-Singapore Leaders Retreat in Dec; while naming Seatrium, Sembcorp, Mapletree Logistics Trust and Venture Corporation as some near-term beneficiaries.

Posted on 02/12/2024

DBS, Enterprise SG and IMDA look to upskill SMEs in AI

DBS, in partnership with Enterprise Singapore (EnterpriseSG) and the Infocomm Media Development Authority, has launched a strategic public-private partnership which aims to drive wider generative ...

Posted on 02/12/2024

‘Buy’ UOB with $2 bil share buyback expected at FY2024 results, says DBS

Meanwhile, DBS Group Research has a “hold” call on OCBC as it “awaits more clarity on capital management plans”.

Posted on 02/12/2024

Singapore stocks started December on a positive note on Monday—STI rose 0.7%

In the broader market, 85 stocks advanced compared to 23 that declined, with 48.8 million shares valued at S$69.4 million traded ...

Posted on 02/12/2024

How To Invest In Lion-China Merchants Emerging Asia Select Index ETF, A Possible Gateway To Asia’s Rising Tigers

One of the easiest ways For Singapore investors to gain exposure to Asia's next Tiger economies, India, Malaysia, Indonesia, Thailand ...

Posted on 02/12/2024

Standard Chartered Singapore Marathon 2024 participant dies after completing race: Singapore live news

Standard Chartered Marathon 2024 participant has unfortunately died after completing the race. More curated and international news updates on Yahoo Singapore.

Posted on 02/12/2024

StanChart Singapore Marathon participant dies after completing race

SINGAPORE - Race organisers of the Standard Chartered Singapore Marathon 2024 confirmed the death of a participant in a social media post on Dec 1. “After the completion of their race, the participant ...

Posted on 02/12/2024

DBS raises target price for IHH Healthcare to $2.58 from $2.18 on favourable growth trends

DBS Group Research has raised its target price for IHH Healthcare Q0F following it latest earnings that suggest the multi-market provider of healthcare services is poised for further growth. For its ...

Posted on 02/12/2024

Think the stock market boom is too ‘extreme’? Think again

Wrong-headed bears seemingly think so, claiming US and world stocks’ big year-to-date returns through Nov 25 – and Singapore stocks more than quadrupling long-term annualised averages – signal stocks ...

Posted on 02/12/2024

New finance target in COP29 outcome could help developing countries set stronger targets: Grace Fu

The outcome of COP29 included an agreement from developed countries to channel more money to developing nations. Read more at straitstimes.com.

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