Singapore banks report strong profits amid interest rate uncertainty

"We see healthy trade and investment flow, stronger connectivity with greater China and ongoing supply chain shift into the region as businesses look to ASEAN for growth," the CEO of Singapore's United Overseas Bank said in an earnings briefing. © Reuters

SINGAPORE -- The biggest banks in Singapore have reported stronger profits in the April-June quarter, even though the unresolved U.S.-Iran war clouds expectations on inflation, the direction for interest rates and economic activity.

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