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Daily Debrief: What Happened Today
After five consecutive months of growth, Singapore's non-oil domestic exports (NODX) saw a slight pullback of 0.7 per cent in April 2017.
The trustee-manager of Rickmers Maritime said on Wednesday an application for injunction filed against its US$113 million proposed fleet sale has been withdrawn.
Aspial Corp is spinning off its property development arm in a listing on the Singapore Exchange's Catalist board to raise funds for property acquisition and construction, and for working capital.
Beleaguered commodities trader Noble Group has rebounded for the second day running. This was after a savage selloff that saw its value more than halve in a week.
Singapore sovereign wealth fund GIC has fully divested its 3.4 per cent stake in dental equipment maker Straumann Holding for about 292 million Swiss francs, or 541 Swiss francs per share, through an accelerated bookbuilding offering.
The Monetary Authority of Singapore is going to court to seek an increase in penalties handed down to a divorced couple for unauthorised stock trading.
The STI Today
The local stock market on Wednesday shrugged off political worries surrounding the Trump administration that drove the Dow futures down by more than 100 points in the afternoon. After dropping to an intraday low of 3,207, the Straits Times Index rebounded in the late afternoon to finish at 3,224.10, a loss of just 3.61 points.