SINGAPORE - UOB Group reported net profit of S$845 million in the second quarter of 2017, an increase of 5.5 per cent than a year ago, largely due to growth in net interest income and fee and commission income. For the first half of 2017, net profit came ... ( read original story ...)
United Overseas Bank quarterly profit rises 5.5 percent to two-year high
SINGAPORE (Reuters) - Singapore's United Overseas Bank ... It was the bank's highest quarterly profit in nearly two years. UOB CEO Wee Ee Cheong said the performance was helped by broad-based growth in revenue streams, while the bank's asset quality ... ( read original story ...)
Singapore’s banking sector filling tech roles fast
There were 3,150 unique online jobs in Singapore’s banking and finance industry during the second quarter, marking a 12% hike from the first three months this year, according to labor market intelligence provider JobTech. Hiring in the industry has seen ... ( read original story ...)
Noble Group Plunges on Profit Warning as Coupon Payment in Focus
Noble Group Ltd. plummeted in Singapore after the embattled commodity trader warned ... a consultant and former head of global commodity trade finance at HSBC Holdings Plc, commenting before the S&P statement and the share plunge. “They have some debt ... ( read original story ...)
Exclusive: Saudi Aramco advisers favor London for historic IPO – sources
Slideshow (6 Images) As well as New York and London, Hong Kong, Singapore, Tokyo, Hong Kong and Toronto are ... (EVR.N), who had already been appointed as independent financial advisers. HSBC, JPMorgan and Moelis declined to comment, while Morgan Stanley ... ( read original story ...)
Asset Acquisitions And Disposals :: Proposed Divestment Of Special Purpose Vehicle Holding Capitamall Anzhen
through its trustee HSBC Institutional Trust Services (Singapore) Limited, has entered into an agreement with Beijing Hualian Anzhen Business Development Company Ltd to sell its entire interest in a company that holds CapitaMall Anzhen in Beijing ... ( read original story ...)
London’s Walkie Talkie building sold for record-breaking £1.3bn
The Qatar Investment Authority paid £1.17bn to acquire the HSBC tower in Canary Wharf in December 2014 ... London building to be bought by investors from China, South Korea, Singapore and Hong Kong, who, despite Brexit, are taking advantage of the ... ( read original story ...)
ASIA CREDIT CLOSE: Asia credits firm on cautious Fed inflation wording
The Chinese property developer is meeting fixed income investors this week in Hong Kong and Singapore via HSBC and Morgan Stanley. Market expects the company is exploring opportunities to issue bonds to help fund its huge acquisition of Wanda's tourism ... ( read original story ...)
Outlook for Asia’s Worst-Performing Currency Gets Grimmer
“We’ve taken a relatively more negative view of the peso in the last few months,” said Mitul Kotecha, head of Asian foreign-exchange and rates strategy in Singapore at Barclays ... analysts at HSBC Holdings Plc led by Paul Mackel in Hong Kong ... ( read original story ...)
Noble shares plummet on profit warning with coupon payment due Saturday in focus
SINGAPORE/HONG KONG (BLOOMBERG ... a consultant and former head of global commodity trade finance at HSBC Holdings, commenting before the S&P statement and the share plunge. "They have some debt to repay in the meantime. The question is how are they ... ( read original story ...)
Aramco advisers favour London for IPO amid US disclosure concerns
As well as New York and London, Hong Kong, Singapore, Tokyo, Hong Kong and Toronto are all ... JPMorgan Chase & Co, Morgan Stanley and HSBC have been hired as international financial advisers for its initial public offering, Reuters reported in March. ( read original story ...)
DBS is first bank to introduce QR code payment in taxis here
Jeremy Soo, head of consumer banking group (Singapore), DBS Bank, said, "We are delighted to be providing commuters a simple and fast way to go cashless with ComfortDelGro Taxi." With this development, DBS/POSB is on track to have 60,000 QR code payment ... ( read original story ...)
Singapore Shares May Extend Winning Streak
(RTTNews.com) - The Singapore stock market has closed higher in two straight sessions, advancing more than 25 points or 0.7 percent along the way. The Straits Times Index now rests just above the 3,335-point plateau and it may add to its winnings on Thursday. ( read original story ...)
Bank earnings off to ‘positive start’ in this financial hub
Banking stocks in one of the world's top financial hubs rallied on Thursday after its second-largest lender reported quarterly earnings that handily beat estimates. Singapore's Oversea-Chinese Banking Corp (OCBC), kicking off results season for the city ... ( read original story ...)
Singapore’s OCBC quarterly profit jumps to three-year high on wealth management
SINGAPORE (Reuters) - Singapore's Oversea-Chinese Banking Corp (OCBC.SI) quarterly net profit beat expectations with a 22 percent jump to its highest level in almost three years, boosted by its wealth management and insurance business. Kicking off the ... ( read original story ...)
OCBC Shares Rise to Record as Profit Beats Estimates, ROE Climbs
OCBC, the first of the three large Singapore banks to report quarterly earnings, saw gains in its wealth management and insurance businesses in the first three months of the year, helped by its $227.5 million acquisition of Barclays Plc’s wealth units in ... ( read original story ...)