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Banks see dent in earnings as economic weakness looms

ONLY two out of the eight banking groups in the country reported higher year-on-year profits in the recently-concluded quarter of January to March, reflecting to acertain extent, the tough economic conditions both here and globally.

Protasco starting on a clean slate

COULD construction and property player Protasco Bhd be a stock worth watching now that its boardroom tussle and one-off impairments have come to a close?

Affin Hwang Research retains hold for Maybank

KUALA LUMPUR: Affin Hwang Capital Research is maintaining its hold call for Malayan Banking Bhd (Maybank) after a relatively unexciting first quarter but the results were within its expectations.

Weaker economy first test for Modi after re-election

MUMBAI: Indian Prime Minister Narendra Modi’s biggest economic challenge as he starts his second term will be how to boost flagging growth to hold onto the crown of the world’s fastest-expanding major nation.

Indian Prime Minister Narendra Modi’s biggest economic challenge as he starts his second term will be how to boost flagging growth.

Dip in Maybank quarterly net profit

PETALING JAYA: Malayan Banking Bhd (Maybank), has recorded a dip in net profit for the first quarter, at a time when the industry is facing stiff competition and headwinds from softening economic prospects.

HSBC plans hundreds of investment bank job cuts

London: HSBC Holdings Plc is considering eliminating hundreds of investment banking jobs as chief executive officer John Flint pressures the lender’s top managers to cut costs, according to sources.

Singapore bank sees South-East Asia as ‘haven’

Singapore: United Overseas Bank Ltd is betting South-East Asia will shield it from the escalating trade war between the United States and China, distancing itself from the approach of its two main rivals that have expanded their focus to Hong Kong and the mainland.