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G7 finance chiefs say it is urgent to limit Middle East war’s cost to global economy

G7 finance chiefs say it is urgent to limit Middle East war’s cost to global economy

ECB policymakers play down April rate hike chances

Rupiah hits record low against Singdollar, threatening Indonesian arrivals and trade

Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman

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Wall Street banks cut more than 5,000 jobs even as they notch record profits

The banks’ willingness to trim headcount shows they are eyeing AI to help them do more with less

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Bank of America profit rises as trading shines

Sales and trading revenue rose 13% to US$6.4 billion in the first quarter

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DBS deepens Hong Kong bet with US$334 million purchase of six floors at The Center

Singapore’s DBS deepened its bet on the Hong Kong wealth market on Wednesday (Apr 15), with its local unit purchasing...

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SoftBank lenders ask more banks to join US$40 billion OpenAI loan

Those interested are required to commit around US$5 billion each, add sources

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OCBC to train wealth advisers using generative AI

Training is previously done by supervisors who had to coach up to 10 staff

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US prosecutors made unannounced visit to Federal Reserve in DC

US PROSECUTORS made a surprise visit to the Federal Reserve’s offices in Washington Tuesday amid the Justice Department’s investigation into Chair Jerome...

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DBS sees wealthy European, US clients more interested in Asia

DBS and local rivals drew a combined S$77 billion in net new wealth money last year

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Unclear for now if inflation shock requires ECB rate move, Lagarde says

The European Central Bank is not yet in position to determine if the current oil price-driven inflation shock is transitory or...

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Lagarde says Europe’s economy has slipped below ECB baseline

Headline inflation in Europe has already jumped past the 2 per cent target

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Wells Fargo profit rises on interest income, trading boost

Its net profit came in at US$5.25 billion, or US$1.60 per share

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