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Singapore banks' earnings buffers able to absorb oil hits: Fitch

Friday, June 9, 2017 - 05:50


SINGAPORE banks have healthy earnings buffers to absorb any credit hits from the low oil prices, said Fitch Ratings in a report this week.

This comes as US crude prices plunged to about US$46 a barrel this week after data showed stockpiles of oil in the US surged by 3.3

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