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Singapore Wrap Wednesday

Today's notable stories

The Singapore dollar closely tracks the yuan as traders and analysts believe it is included in the undisclosed currency basket used by the Monetary Authority of Singapore to manage monetary policy.

Singapore's key short-term interest rate hits 4-month high

Singapore's benchmark three-month interest rate rose to a four-month high on Wednesday, after the Singapore dollar slid to a five-year low following the devaluation of the Chinese yuan.

Singapore dollar hits 5-year low after weak yuan fixing

The Singapore dollar hit a fresh five-year low on Wednesday as China's central bank fixed its daily yuan mid-point weaker again.

Noble Group tumbles as buybacks fail to counter commodity slide

Noble Group Ltd tumbled amid a rout in raw material prices and ongoing criticism of its accounting, even as Asia's largest commodity trader resumed stock buybacks.

PAP introduces new candidates for Bishan-Toa Payoh GRC; Wong Kan Seng retires

The ruling People's Action Party (PAP) on Wednesday introduced its slate of new candidates for Bishan-Toa Payoh GRC for the coming general election.

Corporate Earnings

The STI Today

Singapore: Shares close lower after China's yuan devaluation

China's shock decision to devalue the yuan has sparked off turmoil in the currency market, led to fears of a currency war developing and sent stocks reeling.