Singapore Wrap Wednesday
Today's notable stories
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.
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International
Philippines’ Recto sees rate-cut delay risk if peso sinks to 59
Ecuador president declares state of emergency over energy crisis
US Senate has agreement on Fisa reauthorisation, will vote on Friday night, Schumer says
US expects to finalise new Aukus trade exemptions in next 120 days
IMF concerned about debt, fiscal challenges facing low-income countries
Bank of Japan’s Ueda says ‘very likely’ to hike rates if inflation keeps rising