Tag: stock market

It may seem like a distant memory now, but stock markets around the world – Singapore’s included – began trading in 2016 with ample fear and anxiety. Many market indexes ended up falling between 10% and 20% in the first few weeks of 2016. Fast ... ( read original story ...)

The S&P 500 index slid for a third day, dragged by financial (-0.9%) and utility (-0.68%) sectors. Market sentiment has been weighed by news that the FBI is probing possible ties between Russia and Donald Trump’s presidential campaign, according to FBI ... ( read original story ...)

DBS is Maybank Kim Eng’s preferred pick within its Singapore banks coverage despite having the largest exposure to Ezra Holding, the Singaporean oil & gas services company which has filed for U.S. bankruptcy. Maybank Kim Eng has a hold rating DBS with a ... ( read original story ...)

SINGAPORE (March 20): UOB KayHian says it is keeping to its conservative 2017 earnings forecast for Singapore’s banking sector, which is 6% below consensus estimates for DBS and 7% below consensus estimate for OCBC. This comes after factoring the banks ... ( read original story ...)

SINGAPORE—Singapore’s central bank said it has banned a former director of Goldman Sachs Group Inc.’s local branch from operating in the financial sector and plans to ban three more people from other banks, following investigations linking them to ... ( read original story ...)

Ezra has $1.5bn of total liabilities, with Singapore lender DBS facing the single biggest hit, with loans to Ezra of $272m. The bank said on Monday morning via a spokesman: Our exposures to Ezra Holdings were moved to non performing in the third quarter ... ( read original story ...)

We estimate Singapore banks have c.SG$217-748m of claims and borrowings to Ezra Group, based on court filings and bank borrowings. If we assume O&G support services’ NPLs require specific provisions of 50 cents per dollar of problem loans, and the ... ( read original story ...)

The bank was the first financial services company to deploy voice biometrics authentication across Asia Pacific, having implemented the technology in Taiwan, Australia, Singapore, Hong Kong, Philippines, Malaysia, Vietnam, Thailand and India. Citi clients ... ( read original story ...)

SINGAPORE: Maybank Kim Eng Group, the investment banking arm of Maybank, is positive over the Malaysian equity market, with an expectation of the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) hitting the 1,800-level this year. Chief executive officer Datuk ... ( read original story ...)

Nifty50 futures on the Singapore Stock Exchange were trading 29.50 points higher at 9,193, indicating a positive opening for the domestic market. Nifty50 forms 'Bearish Belt Hold' pattern A ‘Bearish Belt Hold’ pattern is formed when the opening price ... ( read original story ...)

Singapore's largest traditional coffee shop operator marked a stellar debut on the Singapore Exchange, or SGX, with shares trading 120 percent above its initial public offer (IPO) price on debut. As well-caffeinated senior executives stood side by side for ... ( read original story ...)

(RTTNews.com) - The Singapore stock market has moved lower in back-to-back sessions, falling almost 10 points or 0.3 percent along the way. The Straits Times Index now rests just above the 3,135-point plateau, although the market may stop the bleeding on ... ( read original story ...)

Singapore Exchange's boldest move in years is designed to make it the go-to-place for potential IPOs for Southeast Asian start-ups, such as ride-hailing services Grab and GO-JEK, and online retailers Tokopedia and India's Flipkart. Such a change ... ( read original story ...)

As Banking Technology reported last month ... marketing and performance reporting for a number of leading financial institutions”. Meanwhile, in Singapore, the firm has unveiled another one of its “liquid studios”. Last week, it opened one in ... ( read original story ...)

Last year, Credit Suisse received over 13,000 applications across the region for internship and full-time graduate roles; more than 4,000 came from Singapore. The bank did not disclose the final number who were offered jobs this year. Last year ... ( read original story ...)

The financial regulators of Japan and Singapore have signed a “co-operation framework” for regulating financial technology, they announced on March 13. The agreement allows for information-sharing on relevant issues and also the regulatory fast ... ( read original story ...)