Markets

DBS chief executive Piyush Gupta said that the bank is seeing "some episodic corporate stress" in its portfolio, with expectations that non-performing asset (NPA) formation will trend upwards as government relief moratoriums expire in 2021.

JAKARTA: Indonesia's virus-hit economy contracted in the third quarter, plunging it into its first recession since the archipelago was mired in the Asian financial crisis more than 20 years ago. Activity in Southeast Asia's biggest economy slumped 3.49 per cent on-year in July to September, the ...

Allstate Corp wants a potential Democratic administration to back a taxpayer-funded program that would pay for losses caused by the largest climate-change fueled natural disasters, the Illinois-based insurer's chief executive said.

The Federal Reserve is scheduled to release its latest policy statement on Thursday after two days of debate in which policymakers lacked a critical piece of information: who will run the United States for the next four years.

LONDON: The Bank of England is set Thursday (Nov 5) to boost its cash stimulus to fight financial fallout from COVID-19, as England enters a second lockdown. Concluding a regular meeting, the BoE is also likely to revise down central bank forecasts for UK economic growth amid deadlock over ......

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.