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STOCKS NEWS SINGAPORE-CIMB upgrades Singapore banks to overweight - Reuters UK

STOCKS NEWS SINGAPORE-CIMB upgrades Singapore banks to overweight
Reuters UK
CIMB Research has upgraded its rating on Singapore's banking sector to overweight from neutral, citing better-than-expected first quarter results due to higher trading income and lower credit provisioning. "All posted results that exceeded expectations ...
STOCKS NEWS SINGAPORE-Index up from 4-month low, outlook weakReuters

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STOCKS NEWS SINGAPORE-UOB expects consensus downgrades for market - Reuters

STOCKS NEWS SINGAPORE-UOB expects consensus downgrades for market
Reuters
... leonard.how@thomsonreuters.com) ************************************************************ 11:32 STOCKS NEWS SINGAPORE-CIMB upgrades Singapore banks to overweight CIMB Research has upgraded its rating on Singapore's banking sector to overweight ...


RBC, C.Suisse among bidders for BofA wealth units-sources - Reuters

Moneycontrol.com

RBC, C.Suisse among bidders for BofA wealth units-sources
Reuters
The Singapore bank is among suitors who have bid for ING's Asian asset management business, sources said earlier this week. The size of the emerging market wealth opportunity is tantalizing, outlined in several reports that show just how large the ...
RBC, Credit Suisse among bidders for BofA wealth units: sourcesOrlando Sentinel

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Inflation concerns in Taiwan exaggerated: Singapore bank - Focus Taiwan News Channel

Inflation concerns in Taiwan exaggerated: Singapore bank
Focus Taiwan News Channel
Taipei, May 8 (CNA) Concerns among the public over Taiwan's inflation caused by price hikes for fuel and electricity are exaggerated, as the level of inflation is still within a controllable range, Singapore's DBS Bank said in a report released Tuesday ...

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DBS posts record quarterly profit, bullish on prospects - Reuters

AFP

DBS posts record quarterly profit, bullish on prospects
Reuters
"This strong set of results adequately reflects success in its initiatives and cements DBS as our top pick in the (Singapore banking) sector," he said. DBS boosted net profit by 16 percent from a year ago on higher loans and margins as well as ...
Bank Indonesia Governor: To Process DBS's Danamon Bid Only After Rule On Bank ...Fox Business

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Singapore Bank Lending Rises In March - RTT News

Singapore Bank Lending Rises In March
RTT News
(RTTNews) - Total bank lending in Singapore continued to rise in March, the latest data from the Monetary Authority of Singapore showed Monday. Total loans and advances, including bills financing, rose to S$432.61 billion in March from S$426.4 billion ...

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Bank Of Ceylon Prices Sri Lanka's First Corporate Bond Since 2004 - Wall Street Journal

Bank Of Ceylon Prices Sri Lanka's First Corporate Bond Since 2004
Wall Street Journal
By NATASHA BRERETON-FUKUI SINGAPORE—Bank of Ceylon raised $500 million through a five-year junk bond, Sri Lanka's first non-sovereign debt offering since 2004 and the latest illustration of the country's financial progress since the end of a ...

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Singapore's Facebook Windfall - The Diplomat

Singapore's Facebook Windfall
The Diplomat
... who was played by Andrew Garfield in the award winning movie Social Network, has lived in Singapore since 2009 and with citizenship he will become one of Southeast Asia's richest people with the sanctity of an all important Singapore bank account.

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Business Watch - Wall Street Journal

Business Watch
Wall Street Journal
Net profit for the three months ended March 31 was a record S$933 million (US$752.1 million), up from S$807 million a year earlier, the Singapore bank said in a statement. The average estimate among five analysts polled by Dow Jones Newswires was for a ...

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DBS Paying 'Fair Value' With $7.2 Billion Danamon Bid, CEO Says - BusinessWeek

Straits Times

DBS Paying 'Fair Value' With $7.2 Billion Danamon Bid, CEO Says
BusinessWeek
The Singapore bank's earnings per share will rebound from the third year of the acquisition, Chief Executive Officer Piyush Gupta said when questioned by shareholders on the merits of the deal at a shareholders' meeting in Singapore today.
DBS deal caught in nationalist sentimentJakarta Post
PREVIEW: Singapore Banks' 1Q Net Likely Weaker On Lower Trading, Fee Income4-traders

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