DBS Group Holdings Ltd., Singapore’s largest lender that has been investing in India, said buying a stake in government-owned IDBI Bank Ltd. is not on its radar, even though it remained bullish about the country’s growth prospects.Chief Executive Officer Piyush Gupta said the lender isn’t look...

Over the last few months, we made some major strategic changes to the Global Portfolio — primarily, switching away from the US market into Asian stocks. As explained last week, we think earnings for the S&P 500 companies are too optimistic and, therefore, valuations — even after the 1H2022 s...

Tesla Chief Executive Officer Elon Musk said on Sunday the electric carmaker and the rocket company SpaceX are facing significant inflation pressure in raw materials and logistics. (Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Rashmi Aich)

Interest rates and inflation are two key global trends that could impact local banks as economies emerge from the pandemic. Rising inflation has caused the US Federal Reserve to communicate the end of its bond-buying programme and the start of an interest rate hike cycle. The US reported its highest...

Maybank Securities analyst Thilan Wickramasinghe has kept “buy” on DBS Group with an unchanged target price of $37.03 after the Singapore-based lender announced that it was buying Citibank’s consumer business in Taiwan. The bank will pay a total of $2.2 billion, which comprises a premium of $9...

DBS Group Holdings will pay about NT$60 billion to buy Citigroup Inc.’s consumer bank assets in Taiwan, according to Economic Daily News. The Singapore-based lender emerged as the preferred bidder after three Taiwanese financial institutions withdrew from the bidding process, the Taipei-based publ...

2021 was a stand-out year for the Singapore corporate bond market. Issuances hit a nine-year high with total issuances of $25.3 billion on the back of a stronger macroeconomic outlook and deep liquidity in the market. It is understandable that most companies have yet to recover their pre-pandemic pr...

IHH Healthcare, on Jan 5, announced that it has been in legal tussles with US fund Emqore Envesecure Private Capital Trust since June 2020. On June 16, 2020, Emqore filed a suit against the Malaysia-headquartered healthcare group. The group was then served on July 26, 2021, with Emqore’s original ...

Social media platform Reddit said on Wednesday it had confidentially filed for a proposed initial public offering (IPO) to the U.S. Securities and Exchange Commission. (Reporting by Sonia Cheema; Editing by Rashmi Aich)

Alibaba Group Holding Ltd said on Sunday that Toby Xu, will succeed Maggie Wu as the company's chief financial officer,effective April 1, 2022. (Reporting by Akriti Sharma in Bengaluru; Editing by Rashmi Aich)

Tesla Chief Executive Officer Elon Musk sold 934,091 shares solely to satisfy his tax withholding obligations related to the exercise of stock options, U.S. securities filings showed on Monday. (Reporting by Aakriti Bhalla in Bengaluru and Hyunjoo Jin in San Francisco; Editing by Rashmi Aich)

In 2002, as The Edge Singapore printed its first 40 issues, the banking sector was experiencing an upheaval of sorts. In 1999, the Monetary Authority of Singapore (MAS) introduced the qualifying full bank (QFB) licence. QFBs have greater branching privileges than other foreign banks. They are allowe...

Covid-19 has exposed gaps and deficiencies in Asia’s healthcare systems. We are seeing hospitals struggling with surging clinical caseloads, and how standards and access to healthcare are unequal across the region. The strain on healthcare systems is expected to continue as new variants of the cor...

Local banks are using technology to innovate, differentiate, and to ensure the numerator of the cost-to-income ratio is contained, and the denominator expands. “What does technology do for the consumer and end-user? Am I getting a better, more convenient and cheaper banking product?” asks Harsh ...

TalkMed Chongqing – the wholly-owned subsidiary of SGX-listed TalkMed Group has established Chongqing Medtech Health Management (CMHM). This is a joint venture company set up with Chongqing Yijiasheng Pharma Technology (CYPT) and Chongqing Tuozhen Information Technology (CTIT). CMHM will assist pa...