Daily Debrief: What Happened Today
Stories you might have missed
High base,electronics drag September non-oil exports to 1.1% decline SINGAPORE'S non-oil domestic exports (NODX) lost steam in September to post a 1.1 per cent decline after months SINGAPORE'S non-oil domestic exports (NODX) lost steam in September to post a 1.1 per cent decline after months of increase capped by a 16.7 per cent year-on-year surge in August.
Chip Eng Seng to buy Changi Garden for S$248.8m, 27% above asking price PROPERTY developer Chip Eng Seng will buy the Changi Garden retail and PROPERTY developer Chip Eng Seng will buy the Changi Garden retail and residential estate for S$248.8 million after wining an en bloc tender.
Fintech can pose systemic risks: report FINTECH may pose a systemic risk to financial systems, and its impact must be weighed by factors such as the level of unfettered competition, the degree of concentration risk, and its track record, said a report by Depository Trust & Clearing Corporation (DTCC), a FINTECH may pose a systemic risk to financial systems, and its impact must be weighed by factors such as the level of unfettered competition, the degree of concentration risk, and its track record, said a report by Depository Trust & Clearing Corporation (DTCC), a post-trade financial services company.
DBS launches corporate multi-currency account DBS Bank said on Tuesday that it has launched a corporate multi-currency account to help businesses transact and manage up to 13 currencies in separate e-w DBS Bank said on Tuesday that it has launched a corporate multi-currency account to help businesses transact and manage up to 13 currencies in separate e-wallets, all maintained in one single account.
Brokers' take: DBS keeps 'buy' on Keppel DC Reit on asset quality KEPPEL DC Reit has room for accretive acquisitions given its low cost of capital, said DBS Group Research on T KEPPEL DC Reit has room for accretive acquisitions given its low cost of capital, said DBS Group Research on Tuesday as it kept its "buy" rating on the trust for data centres.
Broker's take: SAC Capital keeps 'buy' on United Global on strong financials SAC Advisors has raised its target price for United Global to 50 Singapore cents and kept its "buy" rat SAC Advisors has raised its target price for United Global to 50 Singapore cents and kept its "buy" rating after the lubricant maker's first-half results and a recent acquisition.
Major Wi-Fi security flaw affects billions worldwide, including almost every Internet user in Singapore MAJOR security flaws just discovered i MAJOR security flaws just discovered in Wi-Fi devices have put billions at risk worldwide, including almost every Internet user in Singapore.
Corporate Earnings
The STI Today
STI adds 6 points on Tuesday to end at 3,329.03 INSPIRED by Wall Street's record close and higher oil prices, most Asian equities extended their rally on Tuesday including the benchmark Straits Times Index (STI) which added 5.9 INSPIRED by Wall Street's record close and higher oil prices, most Asian equities extended their rally on Tuesday including the benchmark Straits Times Index (STI) which added 5.97 points or 0.18 per cent to close at 3,329.03.
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International
Chinese tourists are again embracing international travel
Abu Dhabi raises US$5 billion with first eurobonds in three years
Thailand’s 500 billion baht handout aims to boost overall economy, not geared to poor: official
German business sentiment rises more than expected in April: Ifo
Indonesia’s central bank delivers surprise rate hike to anchor rupiah
Prabowo’s aide says Indonesia doesn’t need another rate hike