You are here
Daily Debrief: What Happened Today
Singapore's junk-bond market is suffering its worst rout in at least four years as debt restructurings spread among shipping and oil-and-gas service companies.
Sanofi Pasteur, Sanofi's vaccines unit, said on Tuesday that its dengue vaccine, Dengvaxia, had received market approval in eleven countries.
Jerry Tan, a 77-year-old retired Singaporean businessman, was among dozens of bondholders in the city who joined forces last week to submit their demands as more companies seek to restructure debt payments.
Singapore sovereign wealth fund GIC and student accommodation operator GSA said in a joint press release that they are partnering to invest in the German market.
Activist investor Quarz Capital Management Ltd has turned its sights on Singapore, calling on retailer and real-estate developer Metro Holdings Ltd to return excess cash to investors.
Bermuda-headquartered reinsurer Qatar Re said on Tuesday that Singapore's Monetary Authority of Singapore (MAS) has given it a licence to operate a branch office in Singapore.
The STI Today
The Straits Times Index laboured to a 13.8 points gain at 2,884.64 with the entire market's advance-decline score amounting to 222-128, excluding warrants.