UOB posts 11% rise in Q2 net profitFriday 29 July 2022
Singapore's smallest lender, United Overseas Bank (UOB), reported a rise of 11 per cent in second-quarter profit, supported by a strong improvement in net interest income amid increasing interest rates.
Swift could face challenge in new era for cross-border payments - EIUFriday 29 July 2022
The Russian invasion of Ukraine will cause disruption to cross-border payment systems and could, in conjunction with technological advances, challenge the dominance of the Swift network, predicts a paper from the Economist Intelligence Unit (EIU).
Google Cloud and MAS bid to catalyse climate fintechFriday 29 July 2022
The Monetary Authority of Singapore (MAS) and Google Cloud have launched the Point Carbon Zero Programme to drive the innovation, incubation and scaling of climate fintech in Asia.
Fed unleashes another big rate hike in bid to curb inflationFriday 29 July 2022
The 75-basis-point increase brings the key rate to the highest level since 2018.
Banks, asset managers far from hitting Paris climate targets: reportFriday 29 July 2022
No major bank has committed to end financing for new oil and gas exploration.