China’s margin lending crackdown has spurred a knee-jerk selloff, but analysts aren’t convinced it’s anything more than a hiccup in the bull market.» Read More
Singapore's Oversea-Chinese Banking Corp has made an offer to buy Wing Hang Bank for HK$38.428 billion ($4.95 billion).
Growing signs that political limbo in Thailand is taking a toll on the economy is pressuring the Bank of Thailand (BOT) to pull the rate-cut trigger.
DBS Group Holdings posted a 6 percent increase in core quarterly profit, missing expectations as it took higher provisions for bad debt charges.
David Marshall, Senior Analyst, Asia-Pacific Financials at CreditSights, analyses DBS and OCBC's quarterly profits.
Recent market chaos may have sparked a rate-hike trend among emerging markets, but this nation could buck the trend and stay pat for all of 2014.
China is set to return to the heyday of double-digit growth in 2014 driven by a revival in global demand, according to an investment strategist.
The Federal Reserve's September surprise, which postponed tapering its asset purchases, dented otherwise solid earnings at two Singapore banks.
Gold fell on Monday amid worries about a US government shutdown. It's is headed for its best quarter in a year but the overall outlook is weak.
Gold settled lower amid a lack of clarity over U.S. monetary and fiscal policy dented demand.
Gold settled lower on Friday, paring the rally it made after the Fed's surprise decision this week to maintain monetary stimulus.
Gold settled higher and hit one-week highs on Thursday after the Federal Reserve chose not to cut back on its asset-buying program for now.
Gold pushed above the key $1,400 psychological level on Monday to its highest in almost three months, putting the precious metal within striking distance of bull-market territory.
DBS posted a record quarterly profit, beating expectations, as higher fee and commission income offset a slight drop in income from its key lending business.
The CEO of OCBC, which posted a record profit on Friday, said the bank would focus on growing its offshore activities in Greater China as more Chinese firms look to expand overseas.
Oversea-Chinese Banking Corp, Singapore's second-biggest lender, posted a 12 percent jump in fourth quarter net profit due to a rise in fee income and a quadrupling of gains from its insurance unit.
Oct 12- The following table updates the assets and registered capital of banks in Vietnam, based on their latest published reports. Technological& Commercial Bank 12-11 180,531.2* 8,848. Petrolimex Group Bank 06-12 19,581.0 3,000.
*Set to rival Hong Kong and Taiwan* Yuan deposit-pool sets Singapore ahead of other centres By Kevin Lim and Michelle Chen.
SINGAPORE/ HONG KONG, Oct 10- Singapore has issued full banking licences to two Chinese lenders, moving it a step closer to getting a yuan-clearing bank that will let it compete more aggressively with Hong Kong in the growing market for yuan-denominated trades and financial products.
SINGAPORE, Oct 10- Commodities trader Trafigura said on Wednesday it has raised $1.24 billion via a syndicated revolving credit- and term-loan facility. The funds will be used for general corporate purposes, a company spokesperson said.
Oct 10- Moody's Investors Service has affirmed Oversea-Chinese Banking Corporation's ratings.