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Daily Debrief: What Happened Today

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The Monetary Authority of Singapore (MAS) has imposed a penalty of S$5.2 million on the Singapore branches of Standard Chartered Bank (SCB) and of S$2.4 million on Coutts, for breaches of MAS's anti-money laundering (AML) requirements by the two banks.

StanChart and Coutts fined by MAS for anti-money laundering breaches

The Monetary Authority of Singapore (MAS) has imposed a penalty of S$5.2 million on the Singapore branches of Standard Chartered Bank (SCB) and of S$2.4 million on Coutts, for breaches of MAS's anti-money laundering (AML) requirements by the two banks.


Singapore stocks' winning run threatened by economic headwinds

Singapore's stock index is set to post the biggest increase in Asia this week, driven by its longest winning streak in two years. The party may be short-lived.


Swissco IJMs to pay wages to crew of vessels, service asset

The interim judicial managers (IJMs) of beleaguered vessel operator Swissco Holdings and its subsidiary Swissco Offshore (SOPL) have been authorised by the court to make payment of wages to crew of certain vessels and service asset employed by SOPL.


Noble completes disposal of US energy unit for US$800m

Commodity trader Noble Group said late on Thursday it has completed the disposal of Noble Americas Energy Solutions to Calpine Energy Services Holdco II, following its announcement of the potential sale in October.


Shareholders of SPH Reit ask about buying over Seletar Mall, threat of online shopping

Shareholders at the SPH Reit annual general meeting on Friday asked if the real estate investment trust sponsored by media group Singapore Press Holdings (SPH) would add Seletar Mall to its portfolio and queried about the threat of online shopping, among other things.


Nam Cheong client cancels vessel contract; legal action being considered

A client of vessel builder Nam Cheong has just officially cancelled a contract to receive a vessel. While the main board-listed builder is considering legal recourse, it says the cancellation is expected to impact its earnings for this financial year, though the extent is still undetermined, Nam Cheong said in a filing after the market close on Friday.


The STI Today

Singapore shares finish Friday mixed but STI gains 2.1% over the week

A rebound in oil prices thanks to a positive Opec meeting, end-of-month price fixing, window-dressing and portfolio rebalancing on Wednesday and the Dow Jones Industrial Average's push to new highs were the main features of the week just past, during which the Straits Times Index moved 31 points or 1.1 per cent into the black for 2016.