Financial Services
Spot USDCNY traded above 6.39
Spot USDCNY traded above 6.39
The fixing is likely to be higher further as the USD strengthened further overnight.
SGX to provide direct connection to ASX 24 markets
Partnership with ASX is SGX's third global connectivity venture.
Singapore dollar trades at $1.2632
The Singapore dollar has lost the ground it gained after better-than-expected China manufacturing data lifted Asian currencies, says IG Markets...
DBS' net profit to slip 11.8% to S$823m
Non-interest income may also fall by 13% qoq to S$713.
OCBC to suffer the largest fall compared to DBS and UOB
That is in terms of the bank's non-interest income as it is expected to slump 35% to S$548m.
Asian currencies to look towards the CNY for further cues
The regional pairs may continue to remain adrift, says OCBC Treasury Research.
USD-SGD expected to bounce around in 1.2550-1.2650 range
The SGD NEER is currently around +0.23% above its perceived parity.
Banks' earnings to take a nosedive in 2H
Blame it on flattish net interest income.
Lending of South Korean banks need improved supervision
Board of Audit and Inspection says some lenders failed to pass on interest rate cuts to customers during the 2008-09 crisis.
Singapore dollar starts week on softer note
Main concern for investors still remain around the debt burden in the eurozone, says IG Markets Singapore.
Chinese Yuan nears equilibrium level
The stabilization of China’s FX reserve suggests less intervention from the central bank, says Yi Gang.
More than 10 Indonesian banks found financially unhealthy
They do not meet the new financial health standards, says BI Governor Nasution.
Thailand's monetary policy to stay 'accommodative'
Inflationary pressures are expected to be moderate this year, says a BOT official.
Rate cuts in the Philippines seen as premature
DBS believes rate cuts in the Philippines may be premature and the central bank will keep the overnight borrowing rate steady at the upcoming...
Singapore dollar starts the week at $1.2597
The local currency has kept up its strengthening against the greenback as traders start the build-up to a key Fed meeting, says IG Markets Singapore...
Singapore banks' profit to slump 18% in 2Q12
The large trading gains in 1Q will unlikely be repeated this time around.
MAS looks into setting of key interest rate benchmarks
The central bank is following suit as Libor scandal triggered interest rate reviews worldwide.
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