DBS quarterly results trounce forecasts, another record year expected
SINGAPORE: Singapore's biggest bank DBS Group reported on Thursday first-quarter results that trumped expectations with broad-based growth and said it…
Banking
Standard Chartered Q1 profit rises 5.5%, beats estimates
HONG KONG/LONDON: Standard Chartered PLC beat forecasts on Thursday with a 5.5% rise in its first-quarter pretax profit, as the…
More Fed officials ready to say goodbye to low-rate world
A growing number of Federal Reserve officials don't see a return to the ultra-low interest rates that prevailed before the…
CIMB Niaga’s pre-tax profit rises 7.8% to 2.2 trillion rupiah
KUALA LUMPUR: CIMB Group Holdings Bhd’s 92.5%-owned Indonesian arm, PT Bank CIMB Niaga Tbk’s (CIMB Niaga) pretax profit rose 7.8%…
HSBC Chief Quinn, architect of sweeping overhaul, announces surprise retirement
HONG KONG: HSBC said on Tuesday its Chief Executive Noel Quinn will retire - a surprise departure by its hard-nosed…
PBOC may up bond trading
CHINA's central bank will likely increase the trading of government bonds as a liquidity management tool, yet such a move…
Deutsche Bank Q1 profit jumps 10% as investment bank outperforms
FRANKFURT: Deutsche Bank posted on Thursday a better-than-expected 10% increase in first-quarter profit as a resurgence in fixed-income trading and…
Thai c.bank says intervenes to ease baht volatility, policy rate ‘robust’
BANGKOK: The Bank of Thailand (BOT) has intervened in currency markets at times to ease any excessive moves in the…
Indonesia’s central bank delivers surprise rate rise to support rupiah
JAKARTA: Indonesia's central bank delivered a surprise rate hike on Wednesday, stepping up efforts to support the rupiah currency against…