Singapore Stocks Jump to Two-Year High as DBS, OCBC Hit Records

-- Singapore stocks rose to the highest level in two years, helped by optimism over major banks’ dividend payouts and elevated Federal Reserve interest rates hopes.Biden Plummets in Leaked Democratic Polling Memo, Puck Says

While higher interest rates help banks’ profitability, they can also translate into capital returns for shareholders “as the sector has capacity to improve already very attractive dividend yields,” Horchani said. -- Steve Ballmer passed Bill Gates on Monday to become the sixth-richest person in the world, the first time the former chief executive officer of Microsoft Corp. has been wealthier than the company’s co-founder.

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Scotiabank Drops Coverage of 37 Stocks as Two Analyst Brothers ExitBank of Nova Scotia dropped research coverage of 37 stocks in a single day as two brothers who both worked as equity analysts exited the firm, according to people familiar with the matter.
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