While the results may look bad on the surface, UOB Chief Executive Wee Ee Cheong said the bank's financial position is solid, likening booking the provisions to buying insurance for what lies ahead.

Singaporean lender United Overseas Bank set aside its largest ever loan provision of S$615mn (US$470mn) on Thursday in anticipation of potential losses in the Hong Kong and US property markets.

DBS Group shares rose to a new intraday high, while that of Singapore peer United Overseas Bank fell, after the pair of banks reported third-quarter results. Shares of DBS rose nearly 3% to S$55.10 on ...

Singapore's United Overseas Bank, or UOB , reported on Thursday a 72% fall in net profit in the third quarter from a year ...

Singapore’s biggest lender DBS Group said on Thursday it expects 2026 net profit to dip slightly from this year's after ...

Singapore's central bank is the latest addition to a growing global chorus flagging the risk of the technology sector's ...

Bank of America has expressed renewed optimism about Sandisk’s future, maintaining its “buy” rating on the flash memory manufacturer while raising its price target to $230 per share from $125. The ...

It also received “strong interest and commitment” from various institutional investors. Read more at straitstimes.com. Read ...

Singapore’s central bank has joined a growing list of authorities calling out how expensive tech and AI stocks have become.

Singtel was the index’s biggest gainer, while Yangzijiang Shipbuilding fell the most. Read more at straitstimes.com. Read ...

Masayoshi Son, the chairman and CEO of global tech investment giant SoftBank Group in Japan, suffered a $13.1 billion wealth ...

The warning comes as policymakers and Wall Street execs have become increasingly vocal about their concerns over the frothy ...