US rate hike will boost Singapore banks’ earnings to pre-COVID-19 levels

admin2024-04-09T15:13:24+03:00

Given that Singapore has one of the largest contributions from higher US interest rates to local loan yields in Asia-Pacific, Fitch Ratings believes the country's banks' recovering operating profit and risk-weighted asset (RWA) ratios are on course to recover...

Bank ratings can withstand rising rates: Fitch

admin2024-04-09T15:14:06+03:00

The rating agency confirms Canada's Big Six ratings.

OCBC, Standard Chartered ends 30 years of SORA OIS trading

admin2024-04-09T15:14:45+03:00

The 30-year SORA OIS trade was the first transaction to be cleared by LCH.

Qatar’s economy grew 2.5% in the first quarter

admin2024-04-09T15:15:16+03:00

Qatar's economy grew 2.5% in the first quarter from a year earlier, although growth slowed slightly from the previous quarter, according to official estimates.

China’s financial sector total assets rose 8.7% YoY at the end of the first quarter; securities assets rose 18.8%

admin2024-04-09T15:15:50+03:00

Total assets of all segments of the Chinese financial sector showed stable growth in the year that ended in March.

Corporate loan rates in Europe have increased

admin2024-04-09T15:16:19+03:00

European companies may find it difficult to negotiate the softer interest rates typically offered by the relationship-based corporate loan market as inflation and monetary tightening begin to weigh on the pockets of their backers.

Wall Street banks raise benchmark rates to match Fed hike

admin2024-04-09T15:17:28+03:00

American banks JPMorgan Chase & Co., Citigroup and Wells Fargo & Co said they raised their key lending rates by 75 basis points to 4.75 percent, matching the Federal Reserve's rate hike earlier in the day.

Singapore’s exports rose 12.4% year-on-year in May

admin2024-04-09T15:18:10+03:00

Singapore's core non-oil domestic exports (NODX) jumped in May from a low a year ago, trade agency Enterprise Singapore (ESG) said.

Fitch cuts its GDP forecasts

admin2024-04-09T15:18:43+03:00

Headwinds are growing, worsening the outlook for the world's leading economies.

Rockefeller sees banks growing wary of China

admin2024-04-09T15:19:17+03:00

Greg Fleming, chairman of adviser Rockefeller Capital Management, said he sees financial institutions becoming increasingly cautious about expanding into China due to rising geopolitical tensions and pandemic restrictions.