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Daily Debrief: What Happened Today

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Haven buying of the Singapore dollar amid global market turmoil has pushed a gauge of its strength to unprecedented levels, putting pressure on the city's central bank to do more to support the economy.

Singapore dollar near record high puts heat on MAS to ease again

Haven buying of the Singapore dollar amid global market turmoil has pushed a gauge of its strength to unprecedented levels, putting pressure on the city's central bank to do more to support the economy.


DBS completes one billion yuan offshore bond deal for Chongqing Grain

DBS said it was the first time a Chongqing corporate has issued offshore renminbi bonds in Singapore and is able to repatriate the funds raised in full.


Swiber flags possible delay in US$710m West Africa project

Offshore and marine construction services provider Swiber Holdings said on Friday its US$710 million project in West Africa will not be able to progress as expected due to weakness in the oil and gas sector.


Hot stock: United Global debuts above IPO price in light trade

United Global, a Singapore-based independent lubricant manufacturer and trader, made its debut on Catalist on Friday, trading higher than its initial public offering (IPO) price.


British property panic a red flag for banks, insurers

The run on British property funds has drawn attention to the vulnerability of the commercial real estate sector, largely funded by domestic banks and building societies but increasingly by foreign banks and insurers.


Corporate Earnings


The STI Today

Singapore shares close weaker for the day but STI unchanged for the week

According to conventional wisdom, it wasn't Brexit fallout that dragged the Straits Times Index 15.13 points down on Friday to 2,847.04 but a 5 per cent plunge in oil prices.