Daily Debrief: What Happened Today
Stories you might have missed
JPMorgan launches trust company in Singapore for Asia's ultra-rich families
THE move taps on the burgeoning number of ultra-high net worth families in Asia.
WeWork to have 3 new locations in Singapore by December despite reported layoffs, IPO flop
ITS new space at 9 Battery Road in Singapore's central business district (CBD) has been officially launched, with two other locations at 83 Clemenceau Road and 30 Prinsep Street to be opened later in December.
CapitaLand launches perpetual deal
CAPITALAND has launched a new perpetual issue on Thursday, and orders have already exceeded S$500 million.
ST Telemedia eyes controlling stake in US cloud service provider 2nd Watch
The investment, which is pending regulatory approval, will add to the Temasek-owned company's expanding cloud IT platform and allow it to participate in the US market.
Broker's take: DBS says Singtel may cut dividend for first time in 20 years
DBS Equity Research says Singtel may cut its "unsustainable" dividend rate to 13 to 15 Singapore cents per share for its next fiscal year starting April 2020 (FY2021) in order to maintain its credit rating.
Corporate earnings
Nico Steel swings into the red with US$283,000 H1 loss
The STI today
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International
Putin plans to meet Xi in China days after his new term starts
Biden vetoes bid to repeal US labour board rule on contract, franchise workers
Economic leaders of South Korea, Japan, China say FX volatility is a risk
US automakers win extension on use of Chinese graphite in EV tax credits
US service sector contracts in April; price pressures up
Thaksin’s daughter calls central bank independence an ‘obstacle’