Daily Debrief: What Happened Today
Stories you might have missed
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.
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International
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
China passes tariff law as tensions with trading partners simmer
Blinken meets Chinese counterpart Wang Yi in Beijing
South Korea’s public finances no longer a credit rating ‘strength’: Fitch
UK consumer confidence improves as inflation and taxes fall
Inflation in Japan’s capital falls below BOJ target, slows for second month