Singapore Stock Market Surges Amid Global Optimism and Positive Earnings Reports
The Singapore stock market showed resilience in the face of recent volatility, bouncing back on Wednesday with positive sentiment amid global economic optimism. After experiencing a dip in two of the past three trading days, the Straits Times Index (STI) is set to regain momentum, reflecting the upbeat outlook for interest rates.
India’s Adani tries to calm investors as market rout continues
India’s Adani Group sought to reassure investors on Monday as a rout in its shares continued, saying its business plans were fully-funded, its cashflows strong and it remained confident of delivering attractive returns to shareholders.
Singapore banks top estimates but flag caution in weak markets
Singapore lenders DBS Group (DBSM.SI) and OCBC (OCBC.SI) gave cautious outlooks on Friday after reporting 10% declines in quarterly profits amid weaker economic growth, though their performances still beat analysts’ estimates.
HSBC profit falls on credit charges as economic outlook worsens
HSBC (HSBA.L) has shelved plans for fresh stock buybacks this year after reporting an unexpected hit to its capital on Tuesday, as a cocktail of rising inflation, geopolitical drama and economic weakness dented its prospects.
Singapore bank DBS in day two of its biggest tech outage in a decade
DBS Group Holdings Ltd (DBSM.SI), Southeast Asia’s largest bank, faced disruption in its online banking services for the second consecutive day on Wednesday, drawing the ire of customers just hours after announcing a fix after the first day of outage.
Citigroup to create 100 roles in digital asset push
Citigroup (C.N) is looking to create 100 roles focused on digital assets including blockchain and digital currencies at its institutional division, the U.S. bank said on Tuesday.
