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Daily Debrief: What Happened Today

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Noble Group is closing down its London oil desk and winding down its Asia oil operations, sources familiar with the matter said, as heavy losses and high debt force what was once Asia's biggest commodities trader to restructure.

Iceberg urges Noble's creditors to reject debt-for-equity swap
JUST when long-suffering Noble shareholders see a glimmer of hope, Iceberg Research has poured cold water on the company's reported debt revamp.

ESR-Reit confirms it is in exclusive talks to merge with Viva Industrial Trust
THE Warburg Pincus-backed ESR-Reit on Monday said that it has proposed a merger of all the stapled securities of Viva Industrial Trust (VIT) and the units of ESR-Reit through a trust scheme of arrangement.

Completed condo prices 0.6% higher in December than November: NUS index
PRICES of completed private apartments and condos in Singapore rose 0.6 per cent in December compared to the previous month.

Singapore, Sri Lanka free trade agreement credit positive for both nations: Moody's
THE free trade pact signed last week between Singapore (Aaa stable) and Sri Lanka (B1 negative) will enhance the cross-border trade of goods and services and promote foreign direct investment (FDI) between the two countries, a credit positive for both, said ratings agency Moody's Investors Service on Monday.

Market voices on:

SIA launches digital innovation blueprint, partners key agencies
SINGAPORE Airlines (SIA) launched its Digital Innovation Blueprint on Monday, with the unveiling of key bilateral partnerships with the Agency for Science, Technology and Research (A*Star), Civil Aviation Authority of Singapore (CAAS), Economic Development Board (EDB) and National University of Singapore (NUS).

SPH launches Money FM 89.3, Singapore's first business radio station
THE new station by SPH Radio will not only focus on financial bulletins, but also cover general news, lifestyle and trending topics.

Corporate Earnings

Raffles United flags return to profit in FY17 after year-ago loss 

The STI today

Singapore shares close 0.3% higher 
SHARE prices in the Singapore bourse closed higher with the benchmark Straits Times Index gaining 9.93 points or 0.3 per cent to finish at 3,577.07 on Monday. 


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