Daily Debrief: What Happened Today
Stories you might have missed
Ex-BSI managing director jailed 18 weeks, fined S$24,000
The former relationship manager of Malaysian financier Low Taek Jho and former managing director of Swiss bank BSI, Yak Yew Chee, has been handed a jail term of 18 weeks and fined S$24,000 by a Singapore court.
Domestic money markets functioning normally: MAS
The Monetary Authority of Singapore (MAS) said on Friday afternoon that the Singapore dollar nominal effective exchange rate (S$NEER) remains well within its policy band, notwithstanding increased volatility in international foreign-exchange markets over the last few days.
Malaysian ringgit plunges in offshore markets; central bank locks spot in
Malaysia's ringgit plunged to its weakest in more than 12 years in offshore markets on Friday as investors dumped government bonds, while the spot rate barely moved as the central bank kept a tight grip on the onshore market.
Broker's take: KGI downgrades Ezion to 'sell' on weak fundamentals
KGI Securities has downgraded Ezion Holdings to a sell from a hold due to the company's weak fundamentals and high valuation compared to international peers.
Alibaba Singles' Day sales race past US$5b in first hour
Chinese e-commerce giant Alibaba Group Holding Ltd said it racked up more than US$5 billion in transactions in the first hour of its annual 'Singles' Day' sales blitz on Friday - a third more than in the first hour of last year's spree.
Corporate Earnings
The STI Today
Singapore shares finish weaker on Friday; STI still up 0.9% for week, thanks to banks
A volatile week ended on Friday with the Straits Times Index down 19.49 points at 2,814.6 in line with falls in most other emerging markets and currencies, and with more questions than answers in the minds of investors. For the week, the index gained 26 points or 0.9 per cent, with the bulk of the support coming from gains in the banks.
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International
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons
BOE reports record usage of short-term liquidity repo
Philippines central bank not seeing rate hike despite peso weakness: finmin
Middle East tensions threaten global progress on inflation: World Bank
Heatstroke kills 30 in Thailand this year as South-east Asia bakes