Singapore Wrap Thursday
Today's notable stories
HDB resale prices down 0.5% in July: SRX
HDB resale prices dropped 0.5 per cent in July from a month ago, going by SRX Property's flash estimate, with four-room, five-room and executive flats being the main drag.
Noble says it has fully redeemed its senior notes due 2015 and 2020
Noble Group said on Thursday that it has fully redeemed the 2015 and 2020 securities the day before.
Metro buys Singapore-based food service group for US$290m
German retailer Metro AG has bought Singapore-based restaurant supplier Classic Fine Foods Group from private equity group EQT for $290 million, it said on Thursday as it reported a slowdown in same-store sales due to a shift in Easter.
Second phase of Downtown Line with 12 stations to open on Dec 27
The second phase of the Downtown MRT Line (DTL2) - which will pass through the Bukit Timah corridor and has 12 stations - will open on Dec 27.
Corporate Earnings
The STI Today
Singapore: Shares end the week weaker amid thin volume on Thursday
It hasn't been a particularly good week for the local stock market, with the Straits Times Index dropping for two out of the four days, and with Thursday's 5.27 points rise to 3,196.66 only a token - and feeble - attempt at a National Day rally.
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International
UK wage growth and services inflation too high for rate cut, BOE’s Greene says
US to reduce licensing by 80% for UK, Australia to boost Aukus
IMF tells Asian central banks not to follow Fed too closely
UN chief warns Mideast on brink of 'full-scale regional conflict'
IMF boss says ‘all eyes’ on US amid risks to global economy
UK financial sector seeks stronger accountability of regulators