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Anshuman Daga

Temasek abandons $3 billion bid for Keppel after conglomerate's loss

12:10pm BST

SINGAPORE Singapore's Temasek Holdings is terminating its $3 billion conditional offer for conglomerate Keppel Corp by invoking a material adverse change (MAC) clause following the company's poor financial results.

OCBC profit falls 40%, rounds up cautious outlook for Singapore banks

07 Aug 2020

SINGAPORE Singapore's second-largest lender Oversea-Chinese Banking Corp reported a larger-than-expected 40% tumble in second-quarter net profit on Friday, hurt by loan-loss provisions in a pandemic-hit market and a slowdown in customer activity.

Singapore bank DBS's profit skids 22% on loan losses, says business steadying

06 Aug 2020

SINGAPORE DBS Group's second-quarter net profit slumped by a fifth as it boosted loan-loss provisions in a pandemic-hit market, but Southeast Asia's top lender said bad loans this quarter were steady and fee income was rising.

Grab expands finance business with consumer loans services, wealth management

04 Aug 2020

SINGAPORE Grab, Southeast Asia's biggest ridehailing firm, deepened its finance sector push on Tuesday by announcing that it will offer consumer loans services in Singapore and roll-out wealth management products in the fast-growing but crowded sector.

Singapore banks' results to reflect double whammy of low rates, weak growth

04 Aug 2020

SINGAPORE Singapore banks are likely to report their average net interest margins fell the most quarter-on-quarter in 18 years as interest rates weakened, while profits on the year are seen taking a hit from the impact of the COVID-19 pandemic and weak asset quality.

Temasek's $3 billion bid for Keppel at risk as conglomerate reports big loss

31 Jul 2020

SINGAPORE Singaporean conglomerate Keppel Corp swung to a big second-quarter loss on Thursday that breaches a threshold in state investor Temasek Holdings' $3 billion conditional offer to buy control of the company.

UPDATE 2-Temasek's $3 bln bid for Keppel at risk as conglomerate reports big loss

31 Jul 2020

* Bid unlikely to proceed unless pre-conditions waived -analyst (Adds analyst comment in the sixth paragraph)

SGX cautions on market activity after jump in fourth-quarter profit

30 Jul 2020

SINGAPORE Singapore Exchange Ltd (SGX) reported a rise of nearly 17% in net profit for the quarter ending in June, but cautioned that a recent surge in market activity amid the coronavirus pandemic could start easing.

UPDATE 1-Singapore Exchange cautions on market activity after jump in Q4 profit

30 Jul 2020

SINGAPORE, July 30 Singapore Exchange Ltd (SGX) reported a rise of nearly 17% in net profit for the quarter ending in June, but cautioned that a recent surge in market activity amid the coronavirus pandemic could start easing.

Temasek's $3 billion bid in focus as Keppel set to post weak results

29 Jul 2020

SINGAPORE Temasek Holding's $3 billion bid to acquire a controlling stake in Keppel Corp will be under scrutiny on Thursday as a big quarterly profit drop at the conglomerate could raise the risk of the state investor dropping its proposal, analysts said.

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