UOB announced a flat first-quarter net profit of S$1.49 billion, missing expectations as higher credit costs and market volatility weighed on performance.

Net interest income rose 2% to S$2.41 billion, though net interest margin slipped to 2.00%. Credit costs increased to 35 basis points from 25 bps in Q4, as the bank set aside pre-emptive provisions.

Meanwhile, the US and China are preparing for their first formal trade talks since former President Trump imposed sweeping 145% tariffs on most Chinese goods.

The People’s Bank of China cut its seven-day reverse repo rate to 1.4% and trimmed the reserve requirement ratio by 50 basis points, releasing an estimated 1 trillion yuan in long-term liquidity.

On Market View, Alexandra Parada speaks to Jeremy Tan, CEO of Tiger Fund Management, to discuss more about the latest market movements.

 

UOB announced a flat first-quarter net profit of S$1.49 billion, missing expectations as higher credit costs and market volatility weighed on performance.
Net interest income rose 2% to S$2.41 billion, though net interest margin slipped to 2.00%. Credit costs increased to 35 basis points from 25 bps in Q4, as the bank set aside pre-emptive provisions.
Meanwhile, the US and China are preparing for their first formal trade talks since former President Trump imposed sweeping 145% tariffs on most Chinese goods.
The People&rsquo;s Bank of China cut its seven-day reverse repo rate to 1.4% and trimmed the reserve requirement ratio by 50 basis points, releasing an estimated 1 trillion yuan in long-term liquidity.
On Market View, Alexandra Parada speaks to Jeremy Tan, CEO of Tiger Fund Management, to discuss more about the latest market movements.
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Your evening guide to the day's most important topics — navigate the key events in politics, business, markets, wealth management, and top investment opportunities. Keeps you informed and ahead of the curve, daily.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

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