Banking & Finance

Bets on a rate increase at the Fed’s Jul 28-29 policy meeting have risen, with the market-implied probability now standing at a one-in-three chance.

Global bonds reeling as oil surge rekindles inflation threat

GLOBAL bonds were pummelled last week by the latest resurgence in energy prices, delivering losses to investors who bet the worst of this year’s rout was over and teeing up credibility tests for centr...

2026-07-25T07:48:16.000Z

BlackRock gets soft demand for bond sale after AI debt sell-off

[NEW YORK] BlackRock has seen weaker-than-usual demand for a corporate bond sale tied to a Meta Platforms data centre project in Texas, as investors grapple with concerns about excessive artificial in...

2026-07-25T03:23:47.000Z

Futu’s success rests on efforts to remake the brokerage experience through faster software, smoother account opening and an investor community modelled partly on social-media platforms.

Billionaire founder of Chinese broker Futu faces his toughest test

A securities fraud class action lawsuit is pending against Futu, Li Hua, chief financial officer Chen Yu

2026-07-25T02:19:46.000Z

AmEx posted a profit of US$4.53 per share for the three months ended June 30, sailing past expectations of US$4.40 per share.

AmEx lifts revenue forecast, unchanged profit outlook weighs on shares

Billed business, a measure of total spending on AmEx cards, rose 9% to US$455.8 billion

2026-07-24T14:00:00.000Z

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HKEX will also extend the option of confidential filing for IPO applications to all new applicants.

Hong Kong eases listing thresholds to draw more IPOs

They are part of a wider push by Hong Kong to strengthen its position as a fundraising hub

2026-07-24T12:54:24.000Z

Verbal efforts to support the yen have had limited effect, and even intervention would, at best, only buy policymakers some extra time.

Yen heads for biggest weekly drop since May despite Tokyo's support pledges

The yen’s weakness left the US dollar poised for a weekly gain of 0.89%

2026-07-24T12:29:04.000Z

DBS ranks second globally for 10-year TSR among the world’s top 100 listed banks by assets from end-2015 to end-2025, trailing only Morgan Stanley.

Singapore banks rival JPMorgan, Goldman Sachs in long-term shareholder returns

DBS, OCBC and UOB have beaten global benchmarks and some of the biggest US lenders over the past 20 years

2026-07-24T10:48:17.000Z

About six members in JPMorgan’s China quantitative trading and research unit were also moved to Hong Kong, a person familiar with the matter said.

JPMorgan moves over 30 China quant researchers to Singapore, HK

The US bank has moved about 25 to 30 staff from Beijing and Shanghai to Singapore, sources say

2026-07-24T06:36:57.000Z

UOB Hong Kong CEO George Tung says: “As clients expand across Asean, their priorities are evolving beyond manufacturing and supply chain diversification.”

UOB targets five times growth in Hong Kong private bank AUM by 2030

It also plans to treble its client adviser ranks to about 60, as the Singapore lender seeks to capture rising wealth flows between China and Asean

2026-07-24T05:29:47.000Z

The rupee was hovering around 96.70 per dollar on Friday.

Indian central bank likely steps in to avert rupee record low as oil surges, traders say

Brent futures stood at US$101.06 a barrel on Friday

2026-07-24T04:29:19.000Z

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