Bloomberg Two of Singapore’s largest lenders will increase dividend payouts after profit in the second quarter beat forecasts driven by lower provisions for bad loans. Oversea-Chinese Banking Corp, the city state’s second biggest bank, will pay an interim dividend of 25 cents per share after reporting a 59% jump in net income to S$1.16 billion ($859 million), just ahead of ...

Bloomberg Growing geopolitical tensions and pulled initial public offerings have done little to damp the appetite of Western banks for Hong Kong and China. Standard Chartered Plc Chief Executive Officer Bill Winters was the latest executive in recent weeks to signal a sweeping Chinese government crackdown and rising geopolitical tensions between China and the US won’t derail his lender’s focus ...

Bloomberg Stocks in Europe rose on Wednesday as concerns over China’s gaming and technology clampdown eased, countering lingering worries about the spread of the Covid-19 delta strain and its effect on the global recovery. Technology shares led the charge as the Stoxx Europe 600 index climbed for a third day to a fresh record. The travel and leisure sector also ...