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Daily Debrief: What Happened Today

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Tuesday, October 4, 2016 - 18:30

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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.

Singapore junk bonds slump as Swissco seeks restructuring

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's dengue vaccine approved in Singapore and 10 other countries

Sanofi Pasteur, Sanofi's vaccines unit, said on Tuesday that its dengue vaccine, Dengvaxia, had received market approval in eleven countries.

sentifi.com

Market voices on:


Singapore millionaire, 77, joins bondholders uniting in workouts

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.


GIC, GSA investing in German student accommodation

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 backer Quarz urges Singapore's Metro to return cash

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.


Qatar Re gets licence to operate reinsurance branch in Singapore

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

Singapore shares close higher on Tuesday but poor volume persists

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.

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