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OCBC Bank

Yuan edges up as investors catch up with dollar weakness after holiday
Markets

Yuan edges up as investors catch up with dollar weakness after holiday

  • The dollar sank to an almost two-week low against its major trading partners, moving in tandem with retreating Treasury yields from recent peaks despite signs of a robust US economic recovery.
  • In the spot market, the onshore yuan trading unchanged fron the open at 6.5550 per dollar, 125 pips firmer than the previous late session close on Friday.
Published 06 Apr, 2021 09:54am
Gold rises
Markets

Gold rises

NEW YORK: Gold rose more than 1% on Wednesday on expectations that US President Joe Biden’s administration would...
Published 21 Jan, 2021 04:23am
OCBC's Wong to be first woman CEO of Singapore bank
Business & Finance

OCBC's Wong to be first woman CEO of Singapore bank

  • Wong, 59, will become the first woman to head a Singapore bank and among the few to lead an Asian bank. The appointment is effective April 15.
  • Kevin Kwek, senior analyst at Sanford C. Bernstein, said that given Wong's China experience, he expects OCBC.
Published 08 Jan, 2021 07:14pm