Banking & Finance

Lender declares a dividend of S$0.88 per share for the period

Higher guidance comes as wealth, trading and insurance offset pressure from lower interest rates

Earnings per share are S$0.1686 for the half-year, up from S$0.106 previously

This comes amid concerns that Radiant World provided banks with falsified documents about iron ore trades

This accelerates a longer-term trend where the People’s Bank of China moves gold reserves back home from London

It may have spent as much as US$58.97 billion on Jul 30 and US$36.58 billion on the next day propping up the yen

UOB’s net profit climbs 10% to S$1.48 billion; OCBC’s is up 22% at S$2.22 billion

The team is ‘firing on all cylinders’ after record profit in the quarter, says CEO Tan Su Shan

She said there are “good reasons” to believe that supply-driven shocks that have hit the US economy will not have a lasting impact on inflation