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Nikkei Markets

DBS rides higher interest rates to record quarterly profit

Impact of US-China spat on tech sector needs watching, says CEO

DBS Group Holdings CEO Piyush Gupta speaks to media on April 30. (Photo by Kentaro Iwamoto)

SINGAPORE (Nikkei Markets) -- An improving economy and higher interest rates resulted in a record first-quarter net profit for DBS Group Holdings and, according to its chief executive, the uptrend could continue.

Piyush Gupta pointed to a "still fairly robust" growth outlook across Asia, the U.S. and Europe as driving opportunities for DBS this year.

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