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US Fed ‘less hawkish’ than expected; Singapore banks, net cash companies likely to outperform

GLOBAL financial markets may be heaving a sigh of relief for now as analysts believe that the US Federal Reserve has shown some restraint and appeared to be less hawkish than expected.

DBS chief expects 2024 earnings to hit new highs as Q1 profit rises 15% to S$2.95 billion

THE net profit of DBS : D05 0% for 2024 will likely be able to exceed its record levels in 2023, said chief executive Piyush Gupta.

Singapore keen on ‘talent exchange’, developing AI ‘guardrails’ with the US

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SINGAPORE is exploring the possibility of a talent exchange programme in fields such as artificial intelligence (AI) with the United States, said Trade and Industry Minister Gan Kim Yong.

Chee Hong Tat to join MAS board of directors

MINISTER for Transport and Second Minister for Finance Chee Hong Tat has been appointed to the board of the Monetary Authority of Singapore (MAS) for a term of three years from Jun 1, 2024, to May 31, 2027.

Olam outbids Dreyfus’ sweetened deal for Australia’s Namoi, raises offer to A$0.66 per share

Olam Group’s indirect 64.57 per cent-owned subsidiary Olam Agri has on Thursday (May 2) increased its off-market takeover offer to acquire all shares in Namoi Cotton, topping its rival Louis Dreyfus Company Asia’s sweetened bid made a few days before.

Asia markets mixed after Fed leaves rates unchanged; STI rises 0.1%

SINGAPORE shares finished higher on Thursday (May 2), after the US Federal Reserve kept interest rates steady in its May meeting.