சீன வங்கி கார்ப் லிமிடெட் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from சீன வங்கி கார்ப் லிமிடெட். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In சீன வங்கி கார்ப் லிமிடெட் Today - Breaking & Trending Today

New heights seen for gold as coronavirus continues to spread globally

GOLD prices are expected to continue trending upwards as investors keep rolling the dice following risks incurred from Covid-19, which has spread into new territories and disrupted economies worldwide.Gold, as a safe-haven asset, has rallied 7% from the uncertainty caused by the Covid-19 virus. In 2019, it posted stellar returns of 19% due to the trade tensions between the US and China.“As the extent of the virus has not been fully quantified and its economic effects are now only surfacing with companies guiding lower earnings, there is more upside for gold,” StashAway Malaysia Sdn Bhd country manager Wong Wai Ken told The Malaysian Reserve (TMR) recently. ....

Sdn Bhd , Stephen Innes , Howie Lee , Chinese Banking Corp Ltd , Axitrader Ltd , Away Malaysia Sdn Bhd , Wong Wai Ken , Malaysian Reserve , Oversea Chinese Banking Corp Ltd , Trader Ltd , ஸ்டன் ப்ட் , ஸ்டீபன் இநெஸ் , ஹோவி லீ , சீன வங்கி கார்ப் லிமிடெட் , வோங் வாய் கேன் , மலேசியன் இருப்பு , வர்த்தகர் லிமிடெட் ,

Singapore lender OCBC's Q2 profit rises 59%, above estimates


Anshuman Daga
3 minute read
Summary
United Overseas Bank Q2 profit up 43% to S$1 bln
Loan losses down sharply
SINGAPORE, Aug 4 (Reuters) - Singapore lenders Oversea-Chinese Banking Corp (OCBC.SI) and United Overseas Bank (UOBH.SI) beat quarterly profit estimates on Wednesday, driven by recovery in their core markets and lower provisions for loan losses.
Prospects in Singapore s banking sector have improved as a rebounding economy has boosted demand for mortgages and loans, while booming markets have bolstered the wealth management business.
At the same time, benign credit costs indicate that banks have been able to manage asset quality in the face of the pandemic affecting businesses. ....

Helen Wong , Christopher Cushing , Thomson Reuters Trust Principles , United Overseas Bank Ltd , Chinese Banking Corp Ltd , Oversea Chinese Banking Corp Ltd , Executive Helen Wong , Anshuman Daga , Thomson Reuters Trust , ஹெலன் வோங் , கிறிஸ்டோபர் குஷிங் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , ஒன்றுபட்டது ஓவர்‌ஸீஸ் வங்கி லிமிடெட் , சீன வங்கி கார்ப் லிமிடெட் , அன்ஷுமன் தாக , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,

UPDATE 1-Singapore's OCBC doubles Q1 profit on lower credit allowances


Results come after strong performances by DBS, UOB
Banks boosted by improving asset quality (Recasts, adds analyst comment, details from results)
SINGAPORE, May 7 (Reuters) - Singapore’s Oversea-Chinese Banking Corp more than doubled its quarterly profit on Friday as it handily beat market estimates thanks to a robust performance in its wealth management business and a drop in credit allowances.
The results rounded up a strong showing by Singapore lenders DBS Group and United Overseas Bank in tandem with a recovering global economy that is helping boost bank earning across many countries.
Kevin Kwek, a senior analyst at Stanford C. Bernstein, said OCBC and DBS had the stronger performance among the banks, though “loan growth for OCBC was however the weakest, flat y-o-y, so any improvement there could help sustain the recovery.” ....

Helen Wong , Shri Navaratnam , Thomson Reuters Trust Principles , Chinese Banking Corp Ltd , United Overseas Bank , Oversea Chinese Banking Corp Ltd , Executive Officer Helen Wong , Anshuman Daga Editing , Thomson Reuters Trust , ஹெலன் வோங் , திரு நவரட்னம் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , சீன வங்கி கார்ப் லிமிடெட் , ஒன்றுபட்டது ஓவர்‌ஸீஸ் வங்கி , அன்ஷுமன் தாக திருத்துதல் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,

Singapore lender OCBC Q1 profit more than doubles


By Reuters Staff
1 Min Read
SINGAPORE, May 7 (Reuters) - Singapore’s Oversea-Chinese Banking Corp Ltd beat market estimates with a more than doubling of its quarterly profit on Friday, thanks to a robust performance in its wealth management business and a drop in credit allowances.
Net profit for the country’s second-biggest listed lender came in at S$1.5 billion ($1.13 billion) in the quarter ending March, compared with the S$901.9 million average of three analysts’ estimates compiled by Refinitiv, and versus S$698 million in the year-ago period. ($1 = 1.3332 Singapore dollars) (Reporting by Anshuman Daga; Editing by Kim Coghill) ....

Kim Coghill , Thomson Reuters Trust Principles , Chinese Banking Corp Ltd , Oversea Chinese Banking Corp Ltd , Anshuman Daga , Thomson Reuters Trust , கிம் கோகில் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , சீன வங்கி கார்ப் லிமிடெட் , அன்ஷுமன் தாக , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,