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Singapore Wrap Wednesday

Today's notable stories

Signs outside City Hall MRT station during the breakdown.

Weak resistance of third rail insulator 'root cause of July 7 train breakdown'

The weak electrical resistance of the third rail insulator has been determined to be the root cause of the massive train breakdown on July 7, 2015.

DBS opens books for first Singapore's covered bond

DBS Bank began marketing Singapore's first offering of US dollar benchmark covered bonds of three years at an initial price guidance of around 40bp over mid-swaps.

Ratification of EU-Singapore FTA would encourage EU-Asean trade deal: PM Lee

A ratification of the free trade agreement between Singapore and the European Union would signal that the EU is "open for business", and encourage an Asean-EU FTA deal, said Prime Minister Lee Hsien Loong on Wednesday.

Singapore inks pact with UK to lead digital revolution in Asian insurance

Singapore is primed to lead the way in the digital revolution in the insurance industry in Asia. This follows an agreement announced on Wednesday morning, between the British government, the Monetary Authority of Singapore and British insurer Aviva, to collaborate and promote digital innovation initiatives in insurance, here and across Asia.

Corporate Earnings

The STI Today

Singapore shares close 2.91 points higher on Wednesday

The local market finished 0.09 per cent higher on Wednesday with the Straits Times Index moving up 2.91 points to 3,284 as markets awaited hints from the ongoing US Federal Reserve meeting that rates will rise in September.