The oil price has surged to $82 a barrel amid disruption in the Strait of Hormuz as Iran responds with multiple missiles across the Middle East after the US and Israel launched strikes on Iran over the weekend; the UAE has closed its stock markets for two days.
The bank's shares climbed as it beat analysts' expectations despite facing a commercial real estate charge of $700m in Hong Kong. Chairman Brendan Nelson is confident of growth in Asia this year.
Amid a structural shift towards Asia, Insilico Medicine's IPO in December was a significant moment for the exchange, while French biotech TheraVectys is understood to be considering a listing.
US president Donald Trump has issued 15% tariffs on every country exporting to the US after his so-called reciprocal tariffs were ruled illegal by the US Supreme Court.
If the deal is finalised, a combination of the US and UK global asset managers will control almost $2.5 trillion of assets under management; they both have offices across Apac.
Net profit at the Singapore bank fell 10% in Q4 amid rate headwinds, higher tax expenses and the absence of non-recurring gains; annual revenue in FY 2025 climbed to a record high of S$22.9bn.