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The outcome shows the central bank setting a higher bar for moving negative than for a standard rate cut The Swiss National Bank kept its interest rate at zero, judging that a weakened…
WALL Street ended higher on Wednesday, after the Federal Reserve cut interest rates by a quarter percentage point and signalled that it will likely put further rate cuts on pause for now…
Wall Street’s main stock indexes opened little changed on Wednesday (Dec 10), ahead of a Federal Reserve monetary policy decision that is widely expected to deliver an interest rate cut,…
Singapore stocks ended lower on Wednesday (Dec 10), ahead of a policy decision by the US Federal Reserve. The benchmark Straits Times Index (STI) was flat, shedding 1.34 points to close at…
Oil prices hovered at two-week highs on Monday (Dec 8) as investors expect a likely US Federal Reserve interest rate cut this week to lift economic growth and energy demand, while…
The Federal Reserve faces a tough decision when it convenes Tuesday for a two-day meeting to determine whether to cut interest rates for a third consecutive time or hold off due to…
Newly proposed rules by International Accounting Standards Board centre on new Risk Mitigation Accounting model The International Accounting Standards Board (IASB) on Wednesday (Dec 3)…
Most officials have signalled they do not see a need to adjust borrowing costs when they meet in December The European Central Bank (ECB) is well positioned with borrowing costs currently…
Shares in Europe and Asia advanced on Wednesday after benchmarks on Wall Street surged on hopes the Federal Reserve will soon opt to cut interest rates. The future for the S&P 500 gained…
Wall Street’s main indexes opened higher on Monday (Nov 24), buoyed by expectations of an imminent Federal Reserve interest rate cut in December, while investors were also combing for…
The lender is focused on serving Chinese companies looking to expand overseas as well as clients with cross-border need Citigroup is growing “rapidly” in China with reviving interest from…
CENTURIUM Capital, the private equity backer of fast-growing Chinese chain Luckin Coffee, is considering a bid for UK cafe operator Costa Coffee, people with knowledge of the matter said.…
Revenue is also lower due to the loss of the Jurong West contract package to SMRT in September 2024 Bus and train operator SBS Transit’s Q3 net profit fell 20.6 per cent year on year to…
CEO Tan Su Shan sees opportunities within the equities capital markets and debt capital markets, as corporates return to these segments amid lower rates DBS expects its total income for…
The Bank of Japan kept interest rates on hold Thursday at 0.5 per cent, as widely expected by economists. The announcement came after the first monetary policy meeting since Sanae Takaichi…
Hong Kong’s de-facto central bank on Thursday lowered its base interest rate by 25 basis points to 4.25 per cent, tracking a cut by the US Federal Reserve. It was the second easing by the…
The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated. “Job gains have…
For the city-state to achieve its net-zero carbon emissions target by 2050, the Asean Power Grid’s success is crucial Singapore’s energy regulator has received considerable interest from…
The Federal Reserve will almost certainly cut its key interest rate on Wednesday and could signal it expects another cut in December as the central bank seeks to bolster hiring. A cut…
RHB raised its target price for Frasers Centrepoint Trust (FCT) and maintained its “buy” rating, citing steady H2 earnings alongside tailwinds from asset enhancements and falling interest…
Challenges faced in transitioning include low liquidity, limited visibility and investor perception issues, which hinder capital raising efforts Since it transferred from the Singapore…
Purchase consideration will be satisfied by a combination of cash and new ordinary shares Q&M Dental Group is proposing to acquire equity interest in a dental group in Thailand, the…
JPMorgan Chase raised its full-year forecast for net interest income (NII) on Tuesday (Oct 14), after strong performance in its trading and investment banking businesses helped it beat…
The real estate investment trust, or Reit, market in Asia is “finally recovering” on the back of lower interest rates, higher investor demand and a surge in new listings. Speaking to the…
