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Daily Debrief: What Happened Today

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Monday, December 14, 2015 - 18:33
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Cosco Corp Singapore, the shipbuilding arm of China's China Ocean Shipping Group, fell to the lowest price in more than 11 years in Singapore trading after the company said it will post a "significant net loss" in the fourth quarter.

Cosco Singapore plunges to lowest in 11 years on profit warning

Cosco Corp Singapore, the shipbuilding arm of China's China Ocean Shipping Group, fell to the lowest price in more than 11 years in Singapore trading after the company said it will post a "significant net loss" in the fourth quarter.


Vard customer cancels order for 2 LPG vessels

Vard Holdings' 50.5 per cent subsidiary Vard Promar SA has received a cancellation notice from Petrobras Transportes SA (Transpetro) on two liquefied petroleum gas (LPG) carriers.


SGX named 'Global Exchange of the Year'

The Singapore Exchange's (SGX's) recent derivatives expansion has brought it an international accolade.


Singapore court rules North Korea-linked shipper guilty in illegal arms case

A district court in Singapore on Monday found Chinpo Shipping, a company implicated in an illegal shipment of arms on a North Korean container ship, guilty of two criminal charges.


A380 owners target US, China role for surplus Singapore planes

The owners of five Airbus Group SE A380s leased to Singapore Airlines have begun touting the superjumbos around potential future operators while the Asian carrier evaluates whether to retain them.


Hong Kong property foreclosures seen doubling in 2016 on economy

Property foreclosures in Hong Kong will double from current levels by the end of next year as a slowing economy hurts borrowers' ability to service their mortgages, according to an auctioneer with 23 years of industry experience.


The STI Today

Singapore shares close lower on oil slide, US rate hike worries

There were no surprises as far as Monday's trading in the local stock market went, as prices fell in the wake of Friday's Wall Street selloff.

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