Banking & Finance

In currency markets, the euro was very slightly lower at US$1.143, set for a 0.2 per cent rise in the week.

Banking & Finance

Dollar steady but set for weekly drop on fading US rate hike bets

The dollar index was less than 0.1% higher at 100.79

UOB shares retreated as much as S$1.66 to S$41.84 in the first few minutes of trading on Jul 17.

Banking & Finance

HOT STOCK

UOB shares end 2.4% lower after months of steady gains

DBS and OCBC also decline, but much more modestly by 0.7% and 0.8%, respectively

The Philippine Stock Exchange will expedite the accreditation of stockbrokers, allow margin trading and offer derivatives catering to big investors.

Banking & Finance

Philippine bourse seeks to boost retail trading with new reforms

The aim is to attract retail investors away from online gambling and cryptocurrency trading

Rising European gas futures have stoked concerns that higher energy costs could weigh on the eurozone economy and limit further appreciation of the euro.

Banking & Finance

US dollar near one-month low as concerns over oil prices remain subdued

[LONDON] The US dollar hovered near its one-month low on Thursday (Jul 16) as investors weighed subdued US inflation data, which dampened rate-hike expectations, against the risk of a further oil pric...

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The rate hike aligns the BOK closely with the central bank in neighbouring Japan, which recently raised its own benchmark rate to a 31-year high.

Banking & Finance

Bank of Korea hikes rates for first time in 3.5 years to curb inflation and won slump

It says the economic growth rate for South Korea is expected to ‘considerably exceed’ the bank’s May forecast of 2.6%

The most recent scandal involved KPMG staff misusing confidential information to win contracts.

Banking & Finance

Australia to boost scrutiny of Big Four accounting firms after wave of scandals

Breaking up the Big Four firms is one option under consideration

US Federal Reserve Chair Kevin Warsh testifies before the House Financial Services Committee on Capitol Hill in Washington, D.C., July 14, 2026.

Banking & Finance

As Fed chair Warsh sticks to policy silence, colleagues voice their views

US Federal Reserve policymakers will next meet in less than two weeks

The offer represents around a 28 per cent premium to PayPal‘s closing share price on Tuesday (Jul 14).

Banking & Finance

Stripe, Advent offer to buy PayPal for more than US$53 billion, sources say

The acquisition would create one of the world’s largest global online payments companies

Assets managed by BlackRock jumped to a record US$15.34 trillion in Q2.

Banking & Finance

BlackRock assets hit record US$15 trillion on boost from buoyant markets, ETF inflows

It has increased its planned share buybacks in 2026 to US$2 billion from US$1.8 billion

The US dollar index, which tracks the currency against six major peers, edged up less than 0.1% to 100.97.

Banking & Finance

Greenback steadies as Middle East escalation counters soft US inflation

[LONDON] The greenback was steady on Wednesday (Jul 15) as investors balanced renewed US strikes on Iran against softer-than-expected inflation data that reduced expectations of a near-term Federal Re...

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