Daily Debrief: What Happened Today

Temasek portfolio shrinks 9% in 2016; first negative return since 2009

Weakness in listed investments, particularly in China and financial services, dragged Temasek Holdings' net portfolio value lower by 9.02 per cent to S$242 billion in 2016, its first negative return since 2009.

COE premiums slip across the board

Certificate of Entitlement (COE) premiums softened across the board on Thursday as bookings for new vehicles dried up, according to dealers.

StanChart reports robbery at Holland Village branch, closes it for the day

Standard Chartered said on Thursday its Holland Village branch was robbed earlier in the day, and that it has shut the branch for police investigation. No further details were provided.

CapitaLand partners American Express to launch multi-mall loyalty credit card

CapitaLand Mall Asia, CapitaLand's wholly owned shopping mall business, has partnered American Express to launch a multi-mall loyalty card which it said will strengthen its rewards programme and integrate its physical malls with the online world.

Broker's take: CIMB upgrades Mapletree Commercial Trust on landmark purchase

CIMB has upgraded Mapletree Commercial Trust (MCT) to an "add" from a "hold", citing the latter's plan to buy Mapletree Business City Phase 1 (MBC Phase 1) will boost its distribution per unit and strategically enhance its portfolio.

Hot stock: Noble's nil-paid rights and shares in active play

Commodity trader Noble Group's nil-paid rights and its shares continued to be in active play on Thursday, with the rights experiencing wild price swings.

Food Empire loses fight to McDonald's over trademark names in EU

Singapore-listed Food Empire has lost to global fast-food chain McDonald's to use "Mc" or "Mac" in trademark names for its foodstuff and beverages in the European Union (EU).

The STI Today

Singapore shares close weaker on Brexit worries

"Other than Noble's rights and shares, the rest of the market is still on holiday," said a dealer, perhaps a slight exaggeration given the spurt of interest in other second liners such as CNMC Goldmine. But that is a fairly accurate description of a Thursday session in which the Straits Times Index drifted to a 2.5-point loss at 2,862.17 in the wake of overnight, "Brexit"-induced selling Europe-wide.