Economy

Markets tank after post-Election Day surge
Nov 5, 2026

Markets tank after post-Election Day surge

Stocks nosedived Thursday, one day after rallying on the heels of Democrats’ resounding midterm victories. The Dow Jones Industrial Average tumbled by more than 2,100 points from the opening bell and ...

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OCBC Q3 profit rises 3% to S$2.04 billion, slightly above expectations
Nov 5, 2026

OCBC Q3 profit rises 3% to S$2.04 billion, slightly above expectations

However, non-interest income is down on the back of weaker investment performance by insurance arm Great Eastern...

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OCBC wealth clients turn defensive amid market volatility as Q3 profit rises 3%
Nov 5, 2026

OCBC wealth clients turn defensive amid market volatility as Q3 profit rises 3%

However, non-interest income is down on the back of weaker investment performance by insurance arm Great Eastern...

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Japanese savers move money out of banks as bonds prove more attractive
Nov 5, 2026

Japanese savers move money out of banks as bonds prove more attractive

Household holdings of government bonds account for less than 1% of their financial assets...

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PAL firms up Airbus deal for long-haul growth
Nov 5, 2026

PAL firms up Airbus deal for long-haul growth

MANILA, Philippines — Despite the turbulent skies facing it and other airlines, Philippine Airlines (PAL) is staying the course with its long-haul expansion, as it finalized on Thursday a deal for up ...

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ECB’s Lagarde says data will tell if December rate hike needed
Nov 5, 2026

ECB’s Lagarde says data will tell if December rate hike needed

Analysts expect inflation to climb further in the coming months...

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Sean Casten launches bid for House Financial Services chair
Nov 5, 2026

Sean Casten launches bid for House Financial Services chair

Rep. Sean Casten (D-Ill.) has formally launched a bid to chair the House Financial Services Committee, setting up a challenge to the panel's longtime Democratic leader, Rep. Maxine Waters (D-Calif.). ...

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AI-powered noise cancellation for calls highlights pioneering 'PureVoice' service
Nov 5, 2026

AI-powered noise cancellation for calls highlights pioneering 'PureVoice' service

Smart Infinity is enhancing the calling experience for its members with the launch of PureVoice, a pioneering service that uses artificial intelligence (AI) noise cancellation to filter out background...

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Thailand’s Tourism Sector Faces Prolonged Recovery Horizon
Nov 5, 2026

Thailand’s Tourism Sector Faces Prolonged Recovery Horizon

Thailand’s vital tourism sector faces an extended recovery timeline, with industry consensus suggesting the nation may not reclaim its pre-pandemic benchmark of 40 million annual foreign arrivals unti...

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Sept. bank lending growth hit 4-month high
Nov 5, 2026

Sept. bank lending growth hit 4-month high

MANILA, Philippines — Bank loans grew at their fastest pace in four months in September, driven by stronger lending to businesses despite rising interest rates and inflation. Latest data from the Bang...

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