Singdollar stays powerful, back to November amounts

Singapore THE Singdollar increased to S$1.4057 on Friday from Thursday’s S$1.4149 on continuing US dollar weakness on realisation that US President Donald Trump’s tax reforms will take time and additionally because anticipations of a March interest rate increase by the US Federal Reserve fade. The

StanChart Singapore's operating profit

Singapore STANDARD Chartered Singapore on Friday reported a 14 per cent increase in underlying operating profit to US$416 million for the financial year ended Dec 31, 2016, amid lower loan damages as well as a focus on restructuring for efficacies. Complete loan damage dropped 60 per cent

SGX said to contemplate giving their lunch break to dealers back

Singapore stock traders may eventually get their lunch break back. PICTURE: ST FILE [SINGAPORE] Singapore stock traders may eventually get their lunch break back. Singapore Exchange Ltd, which runs the equity marketplace in the city, is contemplating reinstating the noon intermission, based on individuals familiar with the topic. SGX in 2011 trashed the rest, which continued from 12.30pm to 2pm …

StanChart shares drop after return to profit without dividend

Standard Chartered shares dropped by 3 per cent on Friday as the lender returned to gain but held off on paying a dividend as it grapples with prices from chief executive Bill Winters’s restructuring plan. PICTURE: AFP [LONDON] Standard Chartered shares dropped by 3 per cent on Friday as the lender returned to gain but held off on paying a …

US Treasury's Mnuchin tells IMF to track monies

US Treasury Secretary Steven Mnuchin on Tuesday called on the International Monetary Fund to supply “frank evaluation” of exchange rate policies in member states. PICTURE: AFP [WASHINGTON] US Treasury Secretary Steven Mnuchin on Tuesday called on the International Monetary Fund to supply “frank evaluation” of exchange rate policies in member states. Mr Mnuchin talked by telephone with IMF Managing Director …

US dollar increases on hawkish Fed comments, European political risk

The US dollar rose on course for its most exorbitant gain against the euro in two weeks following hawkish remarks from Federal Reserve officials, and improved by European political uncertainty. PICTURE: BLOOMBERG NEWS [NEW YORK] The US dollar rose on course for its most exorbitant gain against the euro in two weeks following hawkish remarks from Federal Reserve officials, on …

Credit Suisse stakes on recoil in Europe amid fears of election jolts

Zurich CREDIT Suisse Group AG is finding a pick-up in its private banking company in Europe as customers come out of hibernation to find advice about how to shield their bundles from jolt results of national elections that are coming. “I ‘d expect Europe to rally in profitability” for

Solid and growing despite more demanding times

WHETHER it was organic growth or via acquisitions or a mixture of both, Asia Pacific private banks continue to perform, with double digit gains in sales and assets under management as economic activity slowed. Head honchos tell their investment, as well as The Business Times 2016 was

Dubai division starts

Singapore OCBC Bank’s private banking subsidiary, Bank of Singapore, started a branch in the Dubai International Financial Centre (DIFC) on Sunday. This reinforces dedication as well as the bank’s franchise to serve the burgeoning population of ultra- high and high -net worth