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IN THE NEWS

DBS named Asia's safest bank for 8th year running

DBS Bank has been crowned Asia's safest bank for the eighth year in a row. New York-based trade publication Global Finance also ranked DBS as the third-safest commercial bank globally, and the 12th-safest in the world. The world's 500 largest banks by total assets were ranked through an evaluation of long-term foreign currency ratings from credit rating agencies Moody's, Standard & Poor's and Fit...


Fitch affirms Singapore at AAA with stable outlook

Credit rating agency Fitch Ratings affirmed Singapore at AAA with a stable outlook, citing factors such as strong governance indicators. It said in a statement yesterday that this reflects Singapore's high per capita income levels, strong governance indicators, and exceptionally strong external balance sheet and robust fiscal framework. These are balanced against its "high degree of vulnerabili...


Technology stocks still relatively cheap, says Henderson

TECHNOLOGY stocks are still cheap relative to past numbers, said Richard Clode, a portfolio manager with Henderson Global Investors, one of the largest technology fund managers in Europe. Looking ahead, tech continues to gain prominence in the global economy even as it also garnered the lion's share of earnings in global stocks over the last 10 years, he said in an interview with The Business Tim...


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