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Margin relief lifts outlook for DBS, OCBC and UOB, extending Singapore bank rally

Sentiment remains largely positive on the sector amid resilient asset quality, steady capital returns
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Bitcoin plummets, driving US$2 trillion tumble in crypto market value

Some US$800 billion in value was wiped out in the last month alone
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ECB keeps rates unchanged even as choppy markets threaten its ‘good place’

It offered no clues about its next move
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Bank of England holds rates after narrow 5-4 vote, signals reduction ahead

The BOE has been moving cautiously as Britain has the highest inflation rate among the world’s big, rich economies
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BNP Paribas vows more cost cuts after profit tops forecast

BNP reported net income of 2.97 billion euros (S$4.46 billion) for the three months ending in December
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HSBC to cull underperformers as some bankers face zero bonuses

It wants to emulate its Wall Street rivals with a more hard-edged, “eat-what-you-kill” stance
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Bitcoin slumps with key US$70,000 level in sight

Bitcoin tumbled more than 3% in the Asian session to US$70,052.38
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Bitcoin falls below US$70,000 as market faces a ‘crisis of faith’

The cryptocurrency tumbled as low as US$69,821
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Malaysia sees further upside for ringgit, 2026 growth forecast

The ringgit has risen 3% this year after gaining around 10% in 2025
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Billionaire owners seen posing challenge for new OCBC chief Tan

Lee Tih Shih has long kept a firm grip on spending at the firm
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