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Oversea-Chinese Banking Corporation Limited (O39.SI)

SES - SES Delayed Price. Currency in SGD
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12.47-0.10 (-0.80%)
As of 11:59AM SGT. Market open.
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  • Reuters SG

    EMERGING MARKETS-Currencies gain ahead of U.S. jobs data, rupiah at 2-month high

    * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E * Won up 0.4%, sees best day in a week * China posts rapid trade growth in April * Lenders lift up Singapore stocks; OCBC doubles Q1 profit By Anushka Trivedi May 7 (Reuters) - Asian currencies gained against the dollar ahead of key U.S. jobs data on Friday, with the Indonesian rupiah hitting a two-month high, while stocks received a boost from China's upbeat economic report. The rupiah rose 0.5% and was headed for its best week since early November as the country's recent economic output data hinted at a mild recovery and as foreign investors returned to its high-yielding debt. Outflows, dividend repatriation pressure and concerns about Bank Indonesia's autonomy had seen the rupiah slump this year, but it recently found favour among yield-seekers as the Federal Reserve asserted a dovish stance.

  • Reuters SG

    EMERGING MARKETS-Rupiah, won lead Asia FX gains; China data buoys stocks

    The rupiah hit a two-month high and was headed for its best week since early November as the country's quarterly economic output data on Wednesday hinted at mild recovery and as foreign investors returned to the country's high-yielding bonds. An exodus of outflows, dividend repatriation pressure and concerns about Bank Indonesia's autonomy had seen the rupiah slump this year, but it recently found favour among yield-seekers as the Federal Reserve asserted a dovish stance.

  • UPDATE 2-OCBC doubles Q1 profit, rounds up strong outlook for Singapore banks
    Reuters SG

    UPDATE 2-OCBC doubles Q1 profit, rounds up strong outlook for Singapore banks

    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.