DBS bank confident of 15-17% ROE in next 3 to 5 years, CEO says
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SINGAPORE’S biggest bank DBS Group is confident of achieving a return on
equity (ROE) of 15 per cent to 17 per cent in the medium term or over the
next thr...
1 hour ago
U.S. stocks closed higher on Tuesday after broadly slumping in the last two sessions. There was no obvious single reason behind massive losses seen stateside on Monday, but the sell-offs were blamed on concerns about rising interest rates, program trading and volatility funds that use leverage.
ReplyDeleteOn Tuesday, the Dow Jones industrial average closed higher by 567.02 points, or 2.33 percent, at 24,912.77 after falling as much as 567.01 points earlier in the session. Other indexes also recorded gains: The S&P 500 rose 1.74 percent to end at 2,695.14 and the Nasdaq composite advanced 2.13 percent to close at 7,115.88.
Dow plummets 1032 points, now down 10% from record; S&P 500 drops 3.7% to new low for week
ReplyDeleteThe Dow Jones industrial average closed more than 1,000 points lower.
The benchmark 10-year U.S. note yield rose to 2.88 percent before sliding to 2.851 percent Thursday.
A rise in yields and sharp moves in obscure volatility funds that use leverage have been cited by traders as reasons for the market's recent pullback and volatility spike.