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Daily Debrief: What Happened Today

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CapitaLand has ceased negotiations regarding its earlier plan to acquire Asia Square Tower 1, the real estate developer said on Wednesday morning.

COE premiums mixed

The first bidding exercise for the new certificate of entitlement (COE) quota resulted in the small and big car premiums softening, as most dealers reported slower sales over the past week. But they add that things could change after this weekend's TheCars@Expo vehicle sales event.


Two years on, SGX's new CEO seeks to fix stock-rout fallout

Singapore Exchange Ltd chief executive officer Loh Boon Chye says his top priority is to restore confidence in Southeast Asia's biggest stock market, where turnover is yet to recover from a mystery penny-stock crash more than two years ago.

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CapitaLand pulls out of talks to buy Asia Square Tower 1

CapitaLand has ceased negotiations regarding its earlier plan to acquire Asia Square Tower 1, the real estate developer said on Wednesday morning.


Taiwan, China leaders to hold historic meeting in Singapore on Saturday

The presidents of Taiwan and China will meet in Singapore on Saturday to discuss cross-strait issues, Taiwan's presidential office said, in the first such meeting of leaders from the two sides since the Chinese civil war ended in 1949.


Citic to buy rest of Singapore's Biosensors in S$1.1 billion deal

A private-equity arm of Citic Group Corp. agreed to buy the rest of Singapore-based medical device maker Biosensors International Group Ltd. for about S$1.1 billion. Biosensors shares surged.


Corporate Earnings


Standard Chartered's bad loans show cracks in Asia economies

As China's growth sputters, the troubles at Standard Chartered Plc are another bad omen for what were once Asian economic darlings.


The STI Today

Singapore shares up 1.4% as China worries ease

The local market finished 1.4 per cent higher on Wednesday, with the Straits Times Index gaining 40.92 points to 3,040.48. The blue-chip index got a boost as concerns over China's slowdown eased somewhat, after the Chinese government unveiled a five-year plan to bolster the economy.

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