Business
DBS looks to volume growth to mitigate falling interest rates; stock soars to record high
DBS expects deposits volume growth will continue to support net interest income for 2025, even as its net interest margin (NIM) declines…
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interest
Business
DBS looks to volume growth to mitigate falling interest rates; stock soars to record high, hits S$50 mark
Shares of DBS soared to a record high on Thursday (Aug 7) – briefly hitting a milestone S$50 mark – as South-east Asia’s biggest lender…
Business
China to tax bond interest income after decades of exemption
China said that it plans to tax interest income on bonds issued by the government and financial institutions, in a surprise move that’s…
Business
UOB trims One Account interest rate again; maximum 2.5% per annum on first S$150,000
UOB is cutting interest rates on its flagship savings account, the One Account, for the second time in 2025. With effect from Sep 1, the…
Business
What is the Interest Rate for Pre-Settlement Funding?
Pre-settlement funding offers a financial lifeline to plaintiffs awaiting compensation from personal injury claims or lawsuits. The…
Business
DBS, OCBC, UOB Q2 results likely to be weighed down by lower interest rates
The trio of local banks will likely post weaker results for the second quarter of 2025, weighed down by lower net interest income from…
Business
SIA Q1 net profit falls 58.8% to S$186 million on associates’ losses, lower interest income
Net profit for Singapore Airlines (SIA) declined 58.8 per cent to S$186 million for Q1 FY2026 ending Jun 30, from S$452 million in the…
Business
Investors revive interest in CK Hutchison despite deal delay
Investors are regaining enthusiasm for CK Hutchison Holdings despite a delay in the company’s plan to sell 43 ports, with optimism fuelled…
Business
ECB leaves interest rates unchanged amid tariff uncertainty
The European Central Bank left its main interest rate unchanged at 2 per cent as expected on Thursday (Jul 24), taking a break after a…
Business
Temasek’s Azalea to issue Astrea 9 PE-backed bonds; interest rates to be decided
Azalea Asset Management, an indirect subsidiary of Temasek Holdings, will be launching a new series of bonds backed by 40 private equity…
Business
Aberdeen extends Clint deemed interest to 6%
OVER the five trading sessions from Jul 11 to 17, institutions were net buyers of Singapore stocks, with net institutional inflow of S$113…
Business
Aberdeen extends its deemed interest in CapitaLand India Trust to 6%
OVER the five trading sessions from Jul 11 to 17, institutions were net buyers of Singapore stocks, with net institutional inflow of S$113…
Business
Fed’s Waller wants July interest rate cut amid rising growth, job market risks
Federal Reserve governor Christopher Waller said on Thursday (Jul 17) that he continues to believe the US central bank should cut interest…
Business
Starbucks draws interest for controlling stake in China unit
Starbucks has received proposals from prospective investors in its China business, most of whom are eyeing a controlling stake in the…
Business
Broadening bullishness may support interest in new listings, including those headed to Catalist
The Singapore market seemed unstoppable last week. The Straits Times Index (STI) pushed past 4,000 on Wednesday (Jul 2), and closed above…
Business
OCBC trims 360 Account interest rates for the second time in 2025
OCBC will cut interest rates for its 360 Account, in line with lower interest rate expectations. With effect from Aug 1, the maximum…
Business
Europe: Stocks muted as investors gauge US interest rate outlook
EUROPEAN stocks seesawed throughout Thursday before closing largely flat, as investors weighed the latest signals on the US interest rate…
Business
ST Engineering divests entire equity interest in US-based construction manufacturer LeeBoy for US$290 million
Singapore Technologies Engineering (ST Engineering) on Tuesday (Jun 24) announced that it will be selling its entire equity interest in ST…
Business
ST Engineering divests entire equity interest in US-based construction player LeeBoy for US$290 million
Singapore Technologies Engineering (ST Engineering) on Tuesday (Jun 24) announced that it will be selling its entire equity interest in ST…
Business
US Fed official says open to July interest rate cut
A key US central bank official called on Monday for an interest rate cut as early as July if inflation effects from President Donald…
Business
Wing Tai Properties sells entire equity interest in Topworth Enterprises for £43 million
The group will record a gain of approximately HK$31 million (S$5.1 million) from the disposal Wing Tai Properties announced on Monday (Jun…
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Trump Renews Threat to Fire Fed Chair Jerome Powell Over Interest Rate Dispute
U.S. President Donald Trump again raised the idea on Friday of firing Federal Reserve Chairman Jerome Powell, a target of his…
Business
Swiss National Bank cuts interest rate to zero in effort to stop franc inflows
The Swiss National Bank (SNB) cut its interest rate to zero, seeking to deter investors from pushing up the franc. The quarter-point…
Business
US: Wall Street indexes open muted ahead of Fed's interest rate verdict
Wall Street’s main indexes opened subdued on Wednesday (Jun 18), ahead of the Federal Reserve’s monetary policy decision, as the…