United Overseas Bank Stock News

United Overseas Bank is one of Singapore's 'big three' banks. It also has exposure to wider Southeast Asia, which will increase following its acquisition of various Citigroup assets. Interest rate hik

CBRL, UOVEY, BRDCY, AIT and DAVA have been added to the Zacks Rank #1 (Strong Buy) List on November 29, 2022.

CBRL, AIT and UOVEY made it to the Zacks Rank #1 (Strong Buy) value stocks list on November 29, 2022.

CBRL, UOVEY and AIT made it to the Zacks Rank #1 (Strong Buy) income stocks list on November 29, 2022.

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Singapore's banking sector is set to benefit from the regional economic re-opening, as well as the Federal Reserve's interest rate hikes, which would increase interest income. UOB, emerged as the best

JPMorgan Emerges As Largest Counterparty To Chinese Tycoon''s Massive Nickel Short Squeeze Until yesterday, it appeared that a bailout plan for Chinese stainless steel titan Tsingshan Holding Group owned by “Big Shot" Xiang Guangda (and which was facing an $8 billion nickel margin call following the explosive surge in Nickel prices which briefly soared above $100,000/ton up 4x in just a few days, or would be if the Hong Kong-owned LME ever reopened Nickel trading) was coming along with the support of the largest US commercial bank, JPMorgan, and one of China''s largest banks, China Construction Bank, both of which would provide credit guarantees to the distressed producer (as we reported in " JPMorgan Bails Out Chinese Nickel Giant Facing Billions In Losses From Record Margin Call "). However, that rapidly cobbled-together rescue plan (which saw meetings running into the pre-dawn hours of Wednesday morning) took a major detour yesterday when Xiang announced that he intends to keep shorting nickel, as he thinks the price will drop eventually but raising the risk that the margin call will only get worse as buyers of nickel swarm the offer and inflict even more pain on the Chinese tycoon.