News
UOB posts 11% rise in Q2 net profit
Friday 29 July 2022Singapore'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 - EIU
Friday 29 July 2022The 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 fintech
Friday 29 July 2022The 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 inflation
Friday 29 July 2022The 75-basis-point increase brings the key rate to the highest level since 2018.
Banks, asset managers far from hitting Paris climate targets: report
Friday 29 July 2022No major bank has committed to end financing for new oil and gas exploration.
