Shares of Singapore’s top banks jump ahead of third-quarter earnings
Singapore’s top three listed bank stocks — DBS, OCBC and UOB — have beaten the benchmark Straits Times Index this year.
Financial News
Saudi Aramco posts 160% rise in third quarter profit, chairman calls for ‘stable’ energy transition
Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. Maxim Shemetov | Reuters DUBAI, United Arab Emirates — Saudi Arabia’s oil giant Aramco has …
What’s at stake at the COP26 climate summit? Here’s a guide to the make-or-break issues
The major climate event, known as COP26, will take place in Glasgow, Scotland from Sunday through to Nov. 12.
Alibaba is ramping up in Europe, and is already ahead of Amazon in one region
Alibaba is investing heavily into Europe for Singles Day this year, as the Chinese tech giant competes with Amazon for the EU’s exploding e-commerce market.
Are high energy prices here to stay? Analysts weigh in on the global gas crisis
The liquefied natural gas (LNG) terminal at the Yangshan Deepwater Port in Shanghai, China, on Saturday, Oct. 9, 2021. Qilai Shen | Bloomberg | Getty Images Winter hasn’t even arrived, …
Deutsche Bank posts fifth straight quarter of profit despite slide in trading revenue
VIDEO 5:29 05:29 Third quarter brought strong momentum, Deutsche Bank CFO says Squawk Box Europe Deutsche Bank reported a fall in revenues at its investment banking unit on Wednesday, but …
Wealth management boom helps UBS report $2.3 billion profit, beating estimates
VIDEO 3:59 03:59 We see continuing momentum and expect to add more clients, UBS CEO says Squawk Box Europe UBS has beaten analyst expectations in the third quarter as its …
China is pushing to develop its own chips — but the country can’t do without foreign tech
China’s reliance on foreign firms in the semiconductor supply chain could make domestic giants vulnerable to geopolitical issues as was the case with Huawei.
Twitter and Square CEO Jack Dorsey says ‘hyperinflation’ will happen soon in the U.S. and the world
Key Points Twitter co-founder and crypto advocate Jack Dorsey weighed in Friday on escalating inflation in the U.S., saying things are going to get considerably worse. “It will happen in …
U.S. officials keep close watch on the ‘delta plus’ Covid mutation as it spreads in the U.K.
The AY.4.2 subvariant has been detected in at least five cases in the U.S.: in Washington, D.C., California, North Carolina, Washington state and Massachusetts.