Banking & Finance
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
The lender also flags minimal private credit exposure, and says its balance sheet can absorb Middle East shocks
Iran conflict, disaster risks could drive inflation pressures in Singapore, Asia: Swiss Re global CEO
Driven by recent uncertainties, Swiss Re has established a task force to monitor geopolitical hotspots
IMF expects ECB to raise rates by half a percentage point in 2026
The ECB’s main interest rate is currently set at 2 per cent
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
The Singaporean bank has a presence in Indonesia with its Jakarta-listed subsidiary Bank OCBC NISP Tbk
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Charles Schwab revenue misses estimates even as client assets climb
The firm has reported a 39% increase in daily average trades in March compared with a year earlier
BOJ chief avoids hints of April rate hike, shattering hawkish market bets
Uncertainty stemming from the Middle East conflict remains high
G7 finance chiefs say it is urgent to limit Middle East war’s cost to global economy
[WASHINGTON] Finance chiefs of the Group of Seven nations on Thursday said it was urgent to limit the cost to the global economy of an enduring Middle East war and “reaffirmed the pressing need to mov...
ECB policymakers play down April rate hike chances
[WASHINGTON] European Central Bank policymakers played down the chance of a rate hike as soon as this month, arguing that more data will be needed and the precise timing of a move was of secondary imp...
Rupiah hits record low against Singdollar, threatening Indonesian arrivals and trade
[SINGAPORE] Indonesia’s rupiah hit a fresh low against the Singapore dollar on April 15, weighed down by rising oil prices linked to the Iran war and capital outflows from the country’s bond and equit...
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
The lender instead allocates half that amount to a two-year capital return plan
