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Noble Group was downgraded two levels by Moody's Investors Service, as the ratings agency said the Singapore-listed commodity trader's liquidity "could come under further pressure over the next 12 months" amid weaker-than- expected profitability.

Noble Group downgraded by Moody's as liquidity seen pressured

Noble Group was downgraded two levels by Moody's Investors Service, as the ratings agency said the Singapore-listed commodity trader's liquidity "could come under further pressure over the next 12 months" amid weaker-than- expected profitability.


Need for disclosure should account for current conditions: SGX

Listed companies should consider current economic conditions in determining whether a piece of information is material and should be announced, and boards should err on the side of disclosure when there is doubt, Singapore Exchange (SGX) chief regulatory officer Tan Boon Gin said on Tuesday.

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Temasek bought stake in India's ICICI Bank, US filings show

Temasek Holdings has bought shares in ICICI Bank Ltd, India's largest private sector lender by assets, in the second quarter as it expanded its foothold in Asia's third-biggest economy, Bloomberg said in a report on Tuesday.


GLP to sell four properties to GLP J-Reit for 42.7b yen

Mainboard-listed GLP, global provider of modern logistics facilities, will sell four properties in Japan to GLP J-Reit (real estate investment trust) for 42.7 billion yen (S$571 million).


Scoot gears up for Singapore-Athens route launch in June 2017

The new service between Singapore and Athens marks Scoot's first long-haul flight between Asia-Pacific and Europe, as well as the longest flight operated by a low-cost carrier (LCC) with flight distance exceeding 10,000 kilometres.


New free service EZ-Pay allows ERP payment without cards in IUs

With this free service, called EZ-Pay, motorists only need to link their IUs to their credit cards and can then drive through ERP gantries without having cards in their IUs, and not fear having to incur penalties.


GIC among 2 investors buying 71% stake in US manufactured housing business

Singapore's sovereign-wealth fund GIC is among two investors who have bought a 71 per cent stake in Denver-based Yes Communities, an owner of manufactured housing estates in the United States, the US firm said.


Corporate Earnings


The STI Today

Singapore shares close lower in low volume

The Straits Times Index on Tuesday drifted to an 8.41 points loss at 2,858.80 on low volume of 1.07 billion units worth S$826.6 million. It was the second successive day that dollar volume fell below the S$1 billion mark. Excluding warrants there were 190 rises versus 196 falls.

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