Markets

SINGAPORE: United Overseas Bank Ltd reported a 40 per cent drop in quarterly profit on Wednesday (Nov 4) as Singapore's third-largest-listed lender bulked up loan loss provisions in pandemic-hit markets and its net interest income declined. UOB said profit for the three months to September slumped ...

Asian share markets turned cautious on Wednesday, paring sharp early gains as results from the U.S. Presidential election hinted at a close race with no clear winner yet in sight.

LONDON: A group representing European and US investors with a collective US$30 trillion in assets urged the United States to quickly rejoin a global accord to tackle climate change on Wednesday (Nov 4), as a decision by President Donald Trump to leave the pact came into effect. The group,...

GREAT Eastern Holdings on Wednesday posted a 40 per cent rise in net profit to S$287.9 million for the third quarter ended Sept 30, from S$205.1 million a year ago.

UOB posted a 40 per cent drop in net profit for its third quarter due to pre-emptive build-up of credit allowances, it said on Wednesday.

SINGAPORE: Some restaurants have been on the lookout for workers to fill about 1,000 positions as business picked up with the return of dine-in services, but for more than a month, there have been no takers.  These positions were made available as early as Sep 14, when Trade and Industry Minister...

The Trump administration has put on hold an effort to blacklist Ant Group, the Chinese financial technology company affiliated with e-commerce giant Alibaba, following a phone call between a company executive and a top US government official, four people familiar with the matter said. 

TEMASEK Holdings is making a further push into the agrifood space, with its participation in the US$30 million first close of a new fund to develop agrifood technology in China.

IN a shock decision, the Shanghai Stock Exchange (SSE) has suspended Ant Group's listing - just two days before the world's largest initial public offering was to take place in the city and in Hong Kong.

With more than 730 million monthly users in China on its Alipay app and a growing role linking lenders and borrowers, Ant Group had appeared unstoppable as it marched towards the world's largest stock market debut this week.