Wariness over rate cuts lingers
Traders react as Federal Reserve Chair Jerome Powell is seen delivering remarks on a screen, on the floor of the New York Stock Exchange (NYSE) in New York City, March…
Is progress on inflation stalling?
Prices on displayed in a New York grocery store on Feb. 1, 2023. Leonardo Munoz | Corbis News | Getty Images This report is from today’s CNBC Daily Open, our…
Illegal or road to greatness?
Indians currently work an average of 47.7 hours a week, according to the International Labour Organization. Gcshutter | E+ | Getty Images Infosys founder Narayana Murthy recently sparked a controversy…
Singapore bank UOB expects ‘some upside’ to NIM after Fed rate hike
Singapore’s United Overseas Bank is expecting “some upside” in interest income in the next quarter, after the U.S. Federal Reserve announced a fresh rate hike overnight. UOB’s core net profit…
Singapore still investing big in tech talent despite layoffs
Demand for individuals with specialized tech talent isn’t limited to the tech sector, says Singapore’s Infocomm Media Development Authority. Jimmyfam | E+ | Getty Images Singapore hasn’t been spared the…
DBS expects net interest margins will decline, sees other growth drivers
Singapore’s largest lender DBS Group Holdings expects net interest income to taper off in the future, but the bank is confident that it can ride on other drivers going forward,…
Singapore’s banking authority MAS says DBS outage was ‘unacceptable’
A DBS Group Holdings Ltd. logo atop an automated teller machine (ATM) at a bank branch in Singapore, on Wednesday, Feb. 17, 2021. Lauryn Ishak | Bloomberg | Getty Images…
Singapore’s digital banks dangle incentives to win new customers — is it sustainable?
Singapore’s new digital retail banks are offering lower fees, more incentives and waiving minimum account balances to win over customers from traditional banks. But how viable is this in the…
Singaporeans with low earning proceed to stand lowest salary expansion: DBS
Inflation in Singapore hit a 13-year prime of four.4% in June, a zero.8% building up from the former month. Ore Huiying | Getty Images News | Getty Images Low-income earners…
Stocks upward thrust following Wall Street soar
SINGAPORE — Asia-Pacific stocks traded upper on Thursday following the rally on Wall Street and as buyers transfer on from the tensions over U.S. House Speaker Nancy Pelosi’s arguable discuss…