Bloomberg After being stung by the market turmoil at the end of last year, Singapore’s banks are bracing for fresh challenges from China-US trade tensions and a slowing world economy. “We expect ongoing global uncertainties to continue to weigh on business sentiment in the near term,” United Overseas Bank Ltd. Chief Executive Officer Wee Ee Cheong told reporters in Singapore …

Bloomberg South Africa’s central bank is unlikely to officially pursue a single point-inflation target soon even though it prefers to anchor price growth close to the 4.5 percent mid-point of its goal range, an adviser to Governor Lesetja Kganyago said. The target range of 3 percent to 6 percent allows for flexibility in protecting the economy from price shocks, Fundi …

Bloomberg Birgitte Bonnesen, the chief executive officer of Swedbank AB, has consistently denied that her bank had any involvement in the Estonian money-laundering scandal engulfing Danske Bank A/S. This week, her words came back to haunt her. Swedbank was forced to backtrack on its previous assertions and has now acknowledged that it also handled suspicious transactions, which it says have …