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27.03.26 - 09:30
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Singapore Invites JPM, UBS to Collaborate on Creating Asian Gold Trading Hub (AAStocks)
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Singapore has invited major financial institutions, including JPMorgan (JPM.US) and UBS, to participate in its vision to become an Asian gold trading hub, Nikkei Asia reported.The Monetary Authority of Singapore (MAS) stated that these two global banks, together with DBS Bank, United Overseas Bank, the World Gold Council, and ot......
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03.03.26 - 02:45
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CHINA VANKE Subsidiaries RMB320M+ Loan Extended by 1 Yr (AAStocks)
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CHINA VANKE (02202.HK) announced that its wholly-owned subsidiary, Xi'an Yajian, applied for a bank loan of RMB140 million from United Overseas Bank (China) Limited Shenzhen Branch in 2023, while its other wholly-owned subsidiary, TRADE ROUTE INVESTMENTS, applied for a bank loan of RMB207.97 million from UOB Singapore, with ......
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02.02.26 - 15:57
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′Out Of Stock′: As Lunar New Year Looms, AsiaPac Dip-Buyers Emerge In Gold (ZeroHedge)
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'Out Of Stock': As Lunar New Year Looms, AsiaPac Dip-Buyers Emerge In Gold
"I came to buy because the price of gold dropped today," said Ng Beng Choo, a 70-something retiree who arrived early in the morning at the headquarters of Singapore's United Overseas Bank (UOB), the city-state's only bank offering physical gold products to retail investors.
Bloomberg reports that clients and walk-in buyers crowded into a dedicated lounge for bullion transactions.
Overnight, after an initial puke (catch-down) in precious metals, gold prices are bouncing back, as it appears retail investors are 'buying the dip' across AsiaPac.
The extent to which Asian investors buy the dips will play a key role in determining the direction of the market from here.
While the Shanghai benchmark price extended losses after the market opened, it was still trading at a premium over the international price.
Over the weekend, buyers flocked to the country's biggest bullion marketplace in Shenzhen to stock u...
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25.07.25 - 15:42
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AM Best Affirms Credit Ratings of United Overseas Insurance Limited (Business Wire)
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SINGAPORE--(BUSINESS WIRE)--#insurance--AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” (Superior) of United Overseas Insurance Limited (UOI) (Singapore). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect UOI's balance sheet strength, which AM Best assesses as very strong, as well as its very strong operating performance, neutral business profile and appropriate enterprise risk management. In addition, UOI's ratings factor in rating enhancement from the company's ultimate majority ownership by, and importance to, United Overseas Bank Limited (UOB), a leading banking corporation in Asia.
UOI's balance sheet strength assessment is underpinned by its risk-adjusted capitalisation, which is expected to remain comfortably at the strongest level over the medium term, as measured by Best's Capital Adequacy Ratio (BCAR). UOI has demonstrated good internal capital generation over time. The company's shareholder ...
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