Markets

MELBOURNE: Oil prices were little changed in early trade on Thursday, sitting near multi-week lows hit overnight on worries about fuel demand due to a patchy U.S. economic recovery. U.S. West Texas Intermediate (WTI) crude futures inched up 3 cents, or 0.1per cent, to US$41.54 a barrel at 0115...

UNITED Overseas Bank (UOB) and CapitaLand have entered into an agreement for a two-year S$200 million term loan which references both the Singapore Overnight Rate Average (SORA) and the Secured Overnight Financing Rate (SOFR).

OCBC Bank has priced its US$1 billion subordinated callable notes due 2030, to be issued at par on Sept 10. They are expected to qualify as Tier 2 capital of the bank.

Asian equities were set to open higher on Thursday after stronger U.S. economic data and the prospect of additional U.S. stimulus prompted sharp, and broader, gains on Wall Street, while the dollar extended its upward move.

The hegemony of US capital markets may well be under threat, says an observer.

There is a compelling case for another double dip in the aftermath of America’s devastating COVID-19 shock, says Stephen S Roach.

SINGAPORE: The move to further raise the qualifying salary for S Pass holders has drawn concern from businesses owners in some industries, who said they sometimes have no choice but to turn to foreign workers as it is difficult to hire Singaporeans for certain positions. Companies CNA spoke to ...

CHINA'S renewed push to open up its financial sector has cracked the door open further for DBS.

OCBC will make revisions to its flagship savings account from Oct 1, raising the minimum amount to earn the maximum interest rate.

Wall Street stocks rocketed higher again on Wednesday (Sep 2) with the Nasdaq ending above 12,000 for the first time as investors shrugged off disappointing employment data and a cautious Federal Reserve report.