SHARES of DBS, OCBC and UOB climbed to multi-month highs after their third-quarter financial results exceeded expectations and signalled that the trio was withstanding the Covid-19 pandemic's impact on loan quality and the economy.
THE central banks of Indonesia and Singapore have extended their US$10 billion bilateral financial arrangement for another year.
SINGAPORE: A digital signature feature was launched on the SingPass mobile app on Thursday (Nov 5) to provide "greater convenience" in legal documentation signing, said the Government Technology Agency of Singapore (GovTech). Dubbed “Sign with SingPass”, the service will enable more than 2.1 ...
SINGAPORE: The central banks of Singapore and Indonesia on Thursday (Nov 5) announced a one-year extension of a US$10 billion (S$13.8 billion) bilateral financial arrangement. The extension "will support monetary and financial stability in both countries amid the COVID-19 pandemic", said the ...
U.S. stocks surged to close higher on Wednesday as the presidential election race remained cloudy but the likelihood of gridlock in Congress made investors optimistic that major policy changes would be difficult to enact.
OCBC does not expect a fresh wave of loan moratorium requests amid the extension of targeted debt holidays in Singapore, even as it continues to chalk up provisions to buffer against bad loans.
Qualcomm Inc forecast fiscal first-quarter revenue above Wall Street estimates on Wednesday as it predicted sales of 5G smart phones would balloon to more than half a billion units next year, powered in part by new Apple Inc iPhone 12 models.
Asian share markets firmed on Thursday while bonds held big gains as investors awaited a clear result from the U.S. election, with the likely prospect of policy gridlock seemingly warmly welcomed by Wall Street overnight.
Asian shares jumped on Thursday as investors cheered U.S. election results that pointed to a government less likely to impose tough financial regulations, while sterling fell on reports that the Bank of England may ease policy more than expected.
DBS Group, Southeast Asia's biggest lender, reported a 20 per cent fall in third-quarter profit on Thursday (Nov 4), hit by lower net interest income, but the results came above market estimates.
