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Singapore Wrap Thursday

Today's notable stories

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The slowdown in the Chinese economy is not currently dampening the confidence of German exporters, Ifo economist Klaus Wohlrabe told Reuters on Thursday.

Singapore's non-oil domestic export up 4.7% year-on-year in June

Singapore's non-oil domestic exports (NODX) rose by 4.7 per cent from a year ago to S$14.2 billion in June 2015 due to an expansion in both electronic and non-electronic exports.


Temasek putting NOL up for sale: WSJ

Temasek Holdings has put Neptune Orient Lines (NOL) up for sale, a Wall Street Journal (WSJ) report said on Thursday.


First Singapore-made cancer drug enters clinical trials

A publicly-funded, locally-made cancer drug candidate has advanced into Phase 1 of clinical trials, the Agency for Science, Technology and Research (A*STAR) and Duke-National University of Singapore Graduate Medical School (Duke-NUS) have announced.


US insurer MetLife launches new innovation centre in Singapore

United States insurer MetLife has launched its new disruptive innovation centre that focuses on developing solutions focusing on three key areas - health, wealth and retirement.


Qian Hu Q2 profit takes a plunge

Political turmoil in Europe due to the Greek crisis has affected aquariums as well.


The STI Today

Singapore stocks close higher on news from Greece

News that the Greek parliament has voted to accept the bailout terms from the country's creditors lifted the Straits Times Index 14.59 points to 3,353.45 on Thursday. Turnover, however, remained in the doldrums at 1.1 billion units worth S$918.6 million, of which S$621 million or 68 per cent was done in the 30 STI components. Still, excluding warrants, there were 235 rises versus 145 falls, so the session was relatively firm for the whole market.