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United Overseas Bank Limited (U11.SI)

SES - SES Delayed Price. Currency in SGD
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26.32+0.12 (+0.46%)
At close: 05:15PM SGT
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  • Reuters SG

    UPDATE 4-DBS posts Q3 profit jump, Singapore banks flag recovery

    DBS Group expects to report higher profit before allowances next year after Southeast Asia's largest bank beat estimates with a 31% rise in third quarter net profit, aided by growth in fee income and improving asset quality. Friday's result rounded out a robust quarter for Singapore banks such as OCBC and United Overseas Bank, just as global lenders are rebounding in markets hit by the COVID-19 pandemic and amid improved economic activity.

  • Reuters SG

    EMERGING MARKETS-Asian currencies weaken as investors await Fed rate outlook

    * Fed policy statement announcement due at 1800 GMT * Malaysia keeps interest rate unchanged at 1.75% By Indranil Sarkar Nov 3 (Reuters) - Asian currencies slipped on Wednesday ahead of the U.S. Federal Reserve's expected commentary on unwinding its pandemic-era policy support, with Thailand's baht down on a bleak annual economic growth forecast. The South Korean won declined 0.6% to lead losses against a firm dollar as investors awaited rate hike clues from the Fed heading into next year. "Fussing over whether the Fed will announce 'taper', the gradual wind down of Quantitative Easing (QE), at this week's FOMC is as useful as rearranging the deck chairs on the Titanic," Mizuho analysts wrote.

  • Reuters SG

    EMERGING MARKETS-Asian currencies weaken ahead of Fed rate outlook

    * Fed policy statement announcement due at 1800 GMT * Malaysia policy decision due at 0700 GMT By Indranil Sarkar Nov 3 (Reuters) - Asian currencies slipped on Wednesday ahead of the U.S. Federal Reserve's expected commentary on unwinding its pandemic-era policy support, while Thailand's baht weakened on a bleak economic growth forecast for the year. The South Korean won declined 0.6% to lead losses, followed by the Indonesian rupiah and the Taiwanese dollar, against a firm dollar as investors awaited clues on a rate hike outlook heading into next year. "The question is not so much one of tapering, which at this point seems a foregone conclusion, but more about the timing of future rate hikes," they added, as several Asian central banks still seem very far away from tightening monetary policy.