Culture
DBS general allowance ‘more than adequate’: CEO Tan Su Shan
The bank’s total allowance stood at S$6.4 billion, comprising S$4.1 billion in general allowances and S$2.4 billion in specific allowances.[SINGAPORE] DBS’ general allowance reserves are “more than adequate”, said...
Japan’s trading houses brace for more pain from China steel glut
The industrial metal is trading significantly above the US$9,900 per tonne that Marubeni is forecasting as its average for the next six months[TOKYO] Japan’s major trading houses are facing...
Apollo, KB Securities team up to expand private credit in South Korea
The South Korean firm says that it plans to expand its global private credit footprint and enhance its capabilities in deal sourcing, financing, and arranging[SEOUL] Apollo Global Management has...
Engine fell off UPS cargo plane before deadly crash: official
THE death toll from a cargo plane crash in the southern US state of Kentucky rose to 12 on Wednesday, with investigators saying the accident was caused by one...
UOB’s nearly S$1 billion in extra allowances akin to ‘buying insurance’: CEO Wee Ee Cheong
[SINGAPORE] UOB’s decision to increase allowances by almost S$1 billion – which led net profit to tumble by more than two thirds – for the latest quarter is “very...
Gold edges lower as US jobs data dents rate-cut expectations
Bullion hit a record high of US$4,381.21 on Oct 20, but it has fallen close to 10% since[BENGALURU] Gold dipped on Thursday (Nov 6) after stronger-than-expected private US payrolls...
Stocks to watch: DBS, UOB, PropNex, LHN, Coliwoo, Lendlease Reit
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Nov 6): Source link
UOB Q3 net profit tumbles to S$443 million as it shores up pre-emptive general allowances
[SINGAPORE] UOB’s net profit for the third quarter ended Sep 30, 2025, fell as the lender “pre-emptively set aside” additional allowances.Net profit for the quarter stood at S$443 million,...
British stablecoin regime to keep pace with US, official says
The UK central bank will unveil its proposed regime on stablecoin regulations on Monday[LONDON] Bank of England (BOE) deputy governor Sarah Breeden said that new stablecoin rules will be...
Rolex, partners group take Swiss tariff plea direct to Trump
The unusual and rare joint effort by business people across Swiss flagship industries highlights what’s at stake for the small European country[ZURICH] Some of Switzerland’s most high-profile business executives...
