OCBC Bank on Friday upped its dividend payout as profits beat estimates for its fourth quarter, although it flagged a weaker-than-expected outlook for the global economy ahead.
OCBC Bank on Friday upped its dividend payout as profits beat estimates for its fourth quarter, although it flagged a weaker-than-expected outlook for the global economy ahead.
UNITED Overseas Bank's (UOB) net profit for its fourth quarter rose 10 per cent from the year-ago period, driven by growth in net interest income and trading and investment income, the bank announced on Friday.
Dropbox Inc on Thursday reported a better-than-expected quarterly profit, raised its outlook for operating margin and announced a US$600 million share buyback, sending its shares up 11per cent in trading after the bell.
Airbus SE plans to invest between 500 million euros and 1 billion euros (US$539 million-US$1.08 billion) this year on its A220 passenger jet program, Chief Executive Guillaume Faury said on Thursday at the company's A220 factory in Canada.
After short-term help with cash flow runs out, businesses in these sectors have longer-term issues they can’t ignore, say Elaine Ng, Vishal Thapliyal and Irene Liu.
THE Singapore dollar plunged to 1.40 against the US unit on Thursday, reflecting growing recession fears as new reported cases of Covid-19 - while slowing down inside China - seem to be picking up pace in the rest of the world.
MAINBOARD-LISTED iFast Corporation is targeting an ambitious 20 per cent return on equity (ROE) from its digital banking outfit in the next five years, with the firm "confident" of receiving a wholesale licence come mid-2020, said its top executive.
