Markets

DBS on Friday showed the blistering pace at which Singapore banks have recovered from the pains felt during the global Covid-19 outbreak last year as Singapore's largest bank cracked the S$2 billion mark in quarterly net profit.

Private equity (PE) has generally outperformed public markets over the long term. Over a 25-year period, a Cambridge Associates index tracking PE funds saw 13.2 per cent annual returns, higher than the modified public market equivalent annual returns from the S&P 500 and MSCI World indices of 8.7...

The fast-growing video-sharing app TikTok named a new top executive Friday who will keep his responsibilities at Chinese parent firm ByteDance.

China has taken initial steps to improve protection of US know-how under the "Phase One" trade pact, but must go further and implement those measures, the top US trade negotiator said Friday.

Sri Lanka announced Friday that its economy shrank 3.6 percent last year due to the Covid-19 pandemic, making it the worst downturn since independence from Britain in 1948.

U11 UOB is considering downsizing its office space as hybrid work arrangements gain momentum, but the bank's chief executive officer and deputy chairman Wee Ee Cheong does not expect too significant a reduction in real estate.

AstraZeneca said on Friday (Apr 30) its COVID-19 vaccine contributed US$275 million in sales and shaved off three cents per share from its first-quarter earnings, as the drug maker reported better-than-expected results and forecast sales growth. This is the first time the drug maker has given ...

FINANCIAL firms are expected to return less office space than DBS Group Research had earlier projected.

SHARES of DBS rose to a 52-week high on Friday after it posted a 72 per cent year-on-year rise in net profit to S$2.01 billion for the quarter ended March 31.

THE Monetary Authority of Singapore (MAS) will commit S$42 million for a new regulatory technology (RegTech) grant scheme, while enhancing the Digital Acceleration Grant (DAG) scheme, it said on Friday.