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Starting May 1, UOB reduces the maximum interest rate to 3.3%, following the trend set by other banks in Singapore. United Overseas Bank (UOB) has revealed plans to lower the interest rates on its popular One Account for the second consecutive year, sparking discontent among customers. From May 1, the maximum interest rate will be...
Transparency notification reveals 8.03% voting rights acquisition Mont-Saint-Guibert, Belgium — Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) has disclosed a transparency notification related to a substantial acquisition of voting securities. On October 23, 2024, the company received notification from Vestal Point Capital following a transaction that resulted in the acquisition or disposal of voting rights. According to...
Unlock Exclusive Deals, Cashback, and More with Your Credit Card or Banking App Credit card sign-up promotions are a favorite among many, but what often goes unnoticed is that the perks don’t stop with the welcome gift. Banks in Singapore offer an array of lifestyle deals and exclusive benefits just for using their credit and...
Win Big with Staycay Vouchers, Gadgets, and More! This October, credit card offers in Singapore are more tempting than ever. Sign up for a new credit card and you could score up to $7,900 in staycation, shopping, and dining vouchers. Top prizes include a Samsonite Choca Spinner 68/25 (worth S$700), a GoPro HERO13 (worth S$590),...
Discounted Shares of Key Companies Offer Potential for Strong Returns Amid Industry Shift Singapore-listed commodity stocks could offer attractive investment opportunities in the coming months, as many of these companies are currently trading at discounts to their book values. This trend is particularly noticeable within the broader commodity sector, which is undergoing significant shifts that...
Amid growing competition from rivals, Alibaba trims its portfolio, selling a significant stake in the Chinese streaming platform Bilibili. Alibaba Group Holding has raised US$357.8 million by selling 30.85 million American depositary receipts (ADRs) in Chinese streaming platform Bilibili, sources familiar with the matter revealed. The ADRs were priced at US$11.60 each, which represents a...
“Customers can now lock portions of their funds within their regular accounts, offering greater control over their savings.” DBS and POSB customers can now use the bank’s DigiVault feature to lock a portion of their funds within their existing accounts, a service that was previously available only through a separate DigiVault account. This update follows...
Higher Interest Rates and Trading Surge Drive Unexpected Profit for Retail Brokerage Robinhood Markets reported a surprise profit in the fourth quarter of 2024, driven by a boost in interest income and a rebound in trading activity. The online brokerage posted earnings of 3 US cents per share, surpassing analysts’ expectations of a 1 US...
The Pullback Signals Confidence in Fed’s Inflation Control, Leading to Less Demand for Inflation-Protected Securities The once-popular inflation hedge of the pandemic era is rapidly losing its appeal, as the largest US exchange-traded funds (ETFs) focused on inflation-linked bonds have seen their assets shrink dramatically. From a high of more than US$99 billion in early...
The company expects robust performance, citing high-income customers’ continued spending despite economic challenges. American Express (AmEx) has projected an optimistic profit outlook for 2024, buoyed by the resilience of its affluent customer base, which continues to spend despite the pressures of elevated interest rates. The company’s forecast for the year exceeded analysts’ expectations, driving its...