Interim dividend is 60 cents per ordinary share. DBS Group reported a net profit of S$2.9b (nearly US$2.24b) for Q1 2025, down 2% year-on-year, on higher tax expenses. Compared to Q4 2024, net profit was 10% higher. The Singapore-headquartered bank blamed...
The Bank of England (BoE) has announced a 0.25% cut to interest rates to bring the central bank’s base rate down to 4.25%. The latest move is the fourth cut to the base rate since the BoE started to bring...
Earnings per share is S$1.68 for the quarter. Oversea-Chinese Banking Corporation (OCBC) reported a net profit of S$1.88b for Q1 2025, 5% lower than in Q1 2024, its latest performance highlights report showed. Compared to Q4 2024, the Singapore-headquartered bank’s net...
Net operating income rose 1.4%, and net interest income is 0.6% higher. National Australia Bank (NAB) reported a net profit of USD 2.184b for the H1 2025 period that ended in March 2025, a 2.5% decline compared to the same...
Net fee income rose to a new high but non-interest income fell. UOB Group posted a $1.5b net profit for Q1 2025, flat compared to Q1 2024, its latest performance highlights report showed. The Singapore-headquartered bank said that profit was supported...
Hong Kong's economy grew in the first quarter by 3.1 per cent from a year earlier, official estimates showed. That was a faster rate than the mean forecast of 2.1 per cent year-on-year growth by six economists in a Reuters...
Indonesia's economy grew 4.87 per cent in the first quarter from a year earlier, its weakest growth rate in more than three years, official data showed on Monday, compared with a 4.91 per cent growth rate expected by analysts...
The changing regulatory landscape being driven by the Trump administration could see 2025 being blockchain's 'ChatGPT' moment and also drive huge growth in stablecoins, according to research from Citi. Citi predicts that the total outstanding supply of stablecoins could grow...
Saudi Arabia’s real GDP grew 2.7% y-o-y in Q1 2025, driven by a 4.2% rise in non-oil GDP, while oil GDP declined by 1.4%, according to flash estimates by GASAT. The non-oil PMI reached 58.1, and remained above the long-run...
Its full-year 2025 targets remain the same. ING has posted a net profit of €1.45b for Q1 2025, 7.8% year-on-year (YoY) lower than a year earlier, its latest consolidated results report showed. Net interest income (NII) fell by 5.3% to €3.62b...
