Bank regulators call for voluntary climate disclosure

Amid growing resistance, Basel Committee opts for voluntary compliance. In the face of faltering efforts to mandate enhanced climate disclosure amid growing opposition in the U.S., global banking regulators are publishing a voluntary disclosure framework for banks. The global standard setter...

DBS surpasses US$100b market cap

The bank’s market cap is over S$129.35b according to data from the SGX. DBS Bank Limited has surpassed US$100b in market capitalisation. The Singaporean bank logged a market cap of over S$129.35b as of 6 June 2025, based on data from...

Singapore secures major AI investments

Asian city state’s targeted strategy has made it a preferred innovation hub for global companies. Singapore has attracted major capital commitments in artificial intelligence (AI) operations from a host of multinationals, as the government’s support and strategy to create an...

Global sovereign outlook downgraded: Fitch

Negative shock of tariffs, policy uncertainty heightens risk to government finances. Amid the ongoing U.S. trade war, the outlook for global sovereigns is weakening, says Fitch Ratings — which downgraded the rating outlook for global sovereigns from “neutral” to “deteriorating”...