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Analysts raise price targets on DBS after Q1 earnings
[SINGAPORE] Analysts raised price targets for shares of DBS, following its first quarter results release on Thursday (May 8).The bank’s net profit at S$2.9 billion for the three months...
Germany’s DAX Index hits record high after tariffs round trip
[FRANKFURT] Germany’s DAX Index became the first major European gauge to surpass its March record high, recouping all declines sparked by US President Donald Trump’s trade war.The stock index...
OCBC keeps 2025 guidance, but loan growth targets could be buffeted by headwinds: CEO Helen Wong
[SINGAPORE] OCBC is keeping its financial targets for 2025, but noted that its loan growth guidance of a mid-single digit will likely see the most headwinds, especially if the...
DBS, OCBC, UOB set aside extra allowances to account for heightened uncertainty
[SINGAPORE] The local banking trio have taken extra allowances in their first-quarter 2025 results amid a rise in uncertainty in the macroeconomic environment.DBS, OCBC and UOB each said this...
Direct impact of trade tariffs affects about 3% of OCBC’s loan book; portfolio remains ‘resilient’
[SINGAPORE] Current trade tariffs are expected to have a “first-order impact” on 3 per cent of OCBC’s loan book, group chief financial officer Goh Chin Yee said at the...
SEC seeks to settle legal fight with Ripple Labs for US$50 million
The SEC has dismissed or paused several other legal cases and investigations targeting crypto companies since US President Donald Trump took office and pledged to end crypto regulation by...
How the Singapore dollar could perform against the US dollar this year
[SINGAPORE] The Singapore dollar and other Asian currencies are continuing to gain ground against the US dollar as the tariff fallout weighs on the greenback. The Singdollar opened the...
Gold firms on dip buying; US-China trade talks in focus
Published Fri, May 9, 2025 · 10:01 AM[BENGALURU] Gold prices firmed on Friday (May 9), as investors bought bullion following a decline in the previous session, while markets looked...
Frasers Property H1 profit rises 147.6% to S$142.2 million on one-off tax reversal
[SINGAPORE] Higher contributions from residential projects in Singapore, as well as a one-off reversal of tax provisions, pulled up Frasers Property’s first-half earnings – but the group said it...
OCBC Q1 profit falls 5% to S$1.88 billion; beats expectations
[SINGAPORE] OCBC’s net profit for the first quarter fell on lower net interest income and higher operating expenses.Net profit for the three months ended Mar 31, 2025, stood at...
