Standard Chartered reported first-half pre-tax profit rose 19 per cent, above market expectations, as the emerging markets-focused lender benefitted from rising interest rates and gave an upbeat ... ( read original story ...)
UOB posts 11% rise in Q2 net profit
SINGAPORE: Singapore's smallest listed lender, United Overseas Bank (UOB), reported a rise of 11 per cent in second-quarter profit, supported by a strong improvement in net interest income amid ... ( read original story ...)
StanChart cheers investors with $500 million share buyback, 19% profit jump
Standard Chartered's first-half pre-tax profit rose 19% and beat market expectations, as the emerging markets-focused lender benefitted from rising interest rates and issued an upbeat post-COVID ... ( read original story ...)
Standard Chartered shares jump on big profit increase! Should I buy or am I too late?
Standard Chartered said Hong Kong — its biggest market — showed resilience during the first half despite Covid-19 restrictions. Total income fell 5% in Hong Kong, compared with a 10% rise in Singapore ... ( read original story ...)
Credit Suisse Woes Spread to Singapore With $800 Million Trial
Credit Suisse Group AG’s legal battle with billionaire client Bidzina Ivanishvili has spread to Singapore as the Georgian gears up for trial with a unit of the Swiss lender over what he claims are ... ( read original story ...)
Singapore cryptocurrency exchange Zipmex files for bankruptcy protection
Zipmex, a Singapore-based cryptocurrency exchange primarily operating in South-east Asia, filed for bankruptcy protection on Friday, becoming the latest casualty of the downturn in digital assets.The ... ( read original story ...)
MAS: The World Needs to Move Beyond Just Green Finance to Transition Finance
Green finance alone is not enough as the world, and Asia in particular, needs transition finance, according to Ravi Menon, MAS. ( read original story ...)
StanChart announces $500 mln share buyback as first-half profit climbs 19%
Standard Chartered on Friday reported first-half pre-tax profit rose 19%, in line with market expectations, as the emerging markets-focused lender benefited from rising interest rates. ( read original story ...)
MarcumBP expands to Southeast Asia with new Singapore office
With its strong base of experience auditing Chinese issuers listed in the United States market, MBP has expanded its client roster to include Indonesia, Singapore, Malaysia and other Southeast Asia ... ( read original story ...)
Cariflex expands in Singapore with $350 million investment
Cariflex is bringing itself closer to its Southeast Asian customers by building anew on a 6.1-hectare site in Singapore—the largest investment and expansion in the company's history. ( read original story ...)
SG Equities Technical: Minor pullback for United Overseas Bank before a potential new corrective rebound
Based on 2022 year-to-date performance as of 28 July, United Overseas Bank and Oversea-China Banking Corp have recorded gains of +7% and +5.1% respectively that outperformed the benchmarked STI (+2.8% ... ( read original story ...)
FAQ: What home owners in Singapore need to know after another Fed rate hike
After the latest Fed rate hike, which bank loans are more attractive? We ask the experts some questions you may have in mind. ( read original story ...)
Listed firms to disclose climate-related risks: Key MAS initiatives to boost sustainable finance
MAS announced new initiatives to help support transition finance as the world shifts towards a greener future. Read more at straitstimes.com. ( read original story ...)
Singapore Airlines swings to profit as passenger traffic improves
SIA's revenue tripled to S$3.9 billion in the three months to June 30 and its quarterly operating profit of S$556 million was the second highest in the company's history. The airline has been ramping ... ( read original story ...)
Should you trade OCBC shares?
OCBC stock price: what’s the update? Oversea-Chinese Banking Corporation (OCBC) shares have risen by over 2% since the start of the week, following new analyst updates. Despite this latest rally, the ... ( read original story ...)
Key MAS initiatives to boost sustainable finance
SINGAPORE - The Monetary Authority of Singapore (MAS) unveiled its sustainability report for this year on Thursday (July 28) and also announced new initiatives to help support transition finance as ... ( read original story ...)