ABU DHABI / WAM Abu Dhabi National Insurance Company (ADNIC) recorded net profit after tax …
Read More »Debt panic hammers Singapore banks
Singapore / Bloomberg The recent drubbing in Singapore bank stocks is turning Southeast Asia’s biggest lenders into bargains for money managers including Aberdeen Asset Management Plc. DBS Group Holdings Ltd. lost S$3.6 billion ($2.7 billion) in market value in seven days from July 28 when its client Swiber Holdings Ltd. signaled it was in financial trouble. DBS’s two smaller …
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