Daily Debrief: What Happened Today

URA's overall private home price index down 0.4% in Q2 over Q1

The Urban Redevelopment Authority's (URA) latest flash estimates released on Friday showed that its overall private home price index fell 0.4 per cent in the second quarter of this year over the previous quarter, a smaller decline compared with the 0.7 per cent quarter-on-quarter drop in Q1 this year.

MAS says banks' exposure to foreign property loans 'low'

Singapore banks' exposure to foreign property loans has remained low, comprising 2 per cent of their total housing lending, the Monetary Authority of Singapore said on Friday.

DTZ (SEA) management buys out Cushman's stake, relaunches Edmund Tie & Company

The management of DTZ Debenham Tie Leung (SEA) has bought out the majority stake of over 60 per cent held by Cushman & Wakefield and relaunched the firm with its original name, Edmund Tie & Company.

China Fishery, Pacific Andes Resources file for US bankruptcy protection: WSJ

Beleaguered China Fishery Group, along with more than 15 affiliates, has filed for Chapter 11 bankruptcy protection in New York, the Wall Street Journal has reported.

Bonvests sells 10% stake in Cordlife for S$43m

Bonvests Holdings has signed an agreement to sell 10 per cent of its stake in Cordlife Group to Shanghai-listed Nanjing Xinjie Kou Department Store Co for S$43.31 million or S$1.67 a share.

The STI Today

Singapore shares brush off Brexit, STI gains 4% over the week

"Bad economic news is good for stocks" has been a defining mantra over the past eight years thanks to generous central bank policies which have supported risk assets, and so it was again the case this week that equities defied expert forecasts by bouncing up after Britain voted to leave the European Union in an event now etched in the collective memory as "Brexit".