Banks

China firms go ‘underground’ on Russia payments as banks pull back
China firms go ‘underground’ on Russia payments as banks pull back
April 29, 2024
AN APPLIANCE maker in southern China is finding it hard to ship its products to Russia, not because of any problems with the gadgets but because China’s big banks...
Singapore banks unlikely to surprise at Q1 earnings, but expect upside from delayed rate cuts: analysts
Singapore banks unlikely to surprise at Q1 earnings, but expect upside from delayed rate cuts: analysts
April 28, 2024
SINGAPORE’S local banks are unlikely to surprise in their earnings for the first quarter of 2024. But a potential delay in interest-rate cuts in the US should boost their...
Singapore banks unlikely to surprise at Q1 earnings, but expect upside from delayed rate cuts: analysts
Delayed rate cuts expected to benefit Singapore banks’ otherwise uneventful Q1 earnings
April 28, 2024
SINGAPORE’S local banks are unlikely to surprise in their earnings for the first quarter of 2024. But a potential delay in interest-rate cuts in the US should boost their...
Singapore banks unlikely to surprise at Q1 earnings, but expect upside from delayed rate cuts: analysts
Delayed rate cuts expected to benefit Singapore banks’ otherwise uneventful Q1 earnings
April 28, 2024
SINGAPORE’S local banks are unlikely to surprise in their earnings for the first quarter of 2024. But a potential delay in interest-rate cuts in the US should boost their...
Europe: Stoxx 600 logs best day in three months as banks shine
Europe: Stoxx 600 logs best day in three months as banks shine
April 26, 2024
Europe’s benchmark stock index had its biggest one-day gain in more than three months on Friday (Apr 26), propelled by banking and industrial stocks, while the technology sector got...
Thai banks cut rate for some borrowers after push from PM
Thai banks cut rate for some borrowers after push from PM
April 25, 2024
Thailand’s biggest commercial banks agreed to temporarily lower borrowing costs for vulnerable groups and small businesses, following an appeal by Prime Minister Srettha Thavisin earlier this week. The lenders will...
Europe: Stoxx 600 falls on banks drag; tech contains losses on ASMI boost
Europe: Stoxx 600 falls on banks drag; tech contains losses on ASMI boost
April 24, 2024
EUROPE’S benchmark stock index dropped on Wednesday (Apr 24) as financials sagged on disappointing earnings from Swedish lender Handelsbanken, while technology stocks limited losses after ASM International’s strong forecast.The...
Singapore stocks extend gains on Tuesday led by banks; STI up 1.5%
Singapore stocks extend gains on Tuesday led by banks; STI up 1.5%
April 23, 2024
SINGAPORE stocks extended gains on Tuesday (Apr 23), as local banks led gains on the benchmark Straits Times Index (STI). The STI rose 1.5 per cent or 47.55 points to...
Thai PM asks banks to lower interest rates to help economy
Thai PM asks banks to lower interest rates to help economy
April 23, 2024
THAILAND’S Prime Minister Srettha Thavisin on Tuesday said he had asked the country’s four largest lenders to lower interest rates to help small businesses and the economy.“Vulnerable groups like...
Singapore banks lead market surge again on easing Middle East tensions; STI up 1%
Singapore banks lead market surge again on easing Middle East tensions; STI up 1%
April 23, 2024
SINGAPORE stocks opened stronger on Tuesday (Apr 23) following overnight gains on global markets as easing tensions in the Middle East boosted investor confidence. Singapore’s Straits Times Index (STI)...