OCBC shares up as much as 3.1% after Q1 profit beats estimates

OCBC shares pare gains to close 0.2% up after Q1 profit beats estimates

[ad_1] The lender’s earnings for the first quarter are up 5%, driven by growth in wealth management [SINGAPORE] Shares of OCBC Bank rose as much as 3.1 per cent on Friday (May 8) after the bank reported better-than-expected first quarter profits. The counter climbed as high as S$22.56 within seconds of market open, adding S$0.68,…

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UAB softball coach accused of mental, physical abuse, making racist remarks in bombshell allegations

UAB softball coach accused of mental, physical abuse, making racist remarks in bombshell allegations

[ad_1] Startling allegations have been made against University of Alabama Birmingham softball coach Taylor Smartt in a damming report that outlined alleged incidents of racist remarks and mental and physical abuse toward players.  Smartt had “taken a step back” from the softball program last month, and a report from Sports Illustrated now shines a light…

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Foreign central banks boost share of Malaysian bonds to record

Foreign central banks boost share of Malaysian bonds to record

[ad_1] The nation’s strong currency and stable economic growth have been a key allure for global investors Published Fri, May 8, 2026 · 08:37 AM FOREIGN central banks and governments have raised their share of Malaysian sovereign bonds to a record, underscoring the nation’s growing appeal as a reserve asset in a volatile global environment.…

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Stocks to watch: OCBC, ST Engineering, Frasers Property

OCBC shares pare gains to close 0.2% up after Q1 profit beats estimates

[ad_1] [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (May 8): OCBC : The lender reported on Friday that net profit for the first quarter rose 5 per cent, driven by strong growth in wealth management. Net profit for the three months ended Mar 31, stood at…

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Cloudflare cuts workforce by 20% in ‘AI-first’ restructuring

Cloudflare cuts workforce by 20% in ‘AI-first’ restructuring

[ad_1] Published Fri, May 8, 2026 · 07:38 AM [BENGALURU] Cloudflare said on Thursday (May 7) that it would lay off about 20 per cent of its workforce as part of a shift towards an “agentic AI-first operating model”, as the Internet services company restructures around artificial intelligence. Shares of Cloudflare fell 14 per cent…

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OCBC’s Indonesia deal a ‘perfect fit’ for Asean wealth ambitions, says CEO, as Q1 profit beats estimates

OCBC’s Indonesia deal a ‘perfect fit’ for Asean wealth ambitions, says CEO, as Q1 profit beats estimates

[ad_1] [SINGAPORE] OCBC’s acquisition of HSBC’s wealth and retail portfolio in Indonesia is a “perfect fit” for the lender’s refreshed growth road map, said group CEO Tan Teck Long on Friday (May 8). This comes as strong wealth income helped drive a robust first-quarter earnings performance. “If you recall, under our ‘Next Frontier’ strategy, we…

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