Daily Debrief: What Happened Today
Stories you may have missed
Singapore bank shares hit over mounting unrest in Hong Kong, escalating trade war
SHARES of Singapore banks were hit on Monday amid a broader market selloff, on a cocktail of escalating trade tensions between the US and China and intensifying unrest in Hong Kong.
MAS consultation paper sets out new requirements to curb market abuse
THE Monetary Authority of Singapore (MAS) is seeking to impose new requirements on financial institutions (FIs) in Singapore to improve controls and facilitate investigations in market abuse cases.
HSBC to slash thousands of jobs after CEO's shock ousting: WSJ
[HONG KONG] HSBC Holdings plans to slash thousands of jobs and slow investment spending after the surprise ouster of chief executive officer John Flint, the Wall Street Journal reported.
ComfortDelGro moves into prime mover leasing market, ties up with logistics tech startup Haulio
COMFORTDELGRO is moving into the heavy vehicle leasing business with the addition of five prime movers to its rental fleet. The five prime movers have been leased out to Haulio, a logistics tech startup that ComfortDelGro invested in through its US$100 million corporate venture capital fund.
Hong Kong flight disruptions to increase: airport strike update
[HONG KONG] Disruptions to flights in and out of Hong Kong are set to worsen on Monday after protesters coordinated strikes to bring the city to a standstill.
The STI today
Singapore shares shed 2% on yuan weakness, trade war escalation
It was a bad start to the nation's birthday week for the Singapore market, as the Chinese yuan fell and regional markets reacted to the US-China trade war escalation.
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International
OECD upgrades global growth outlook as US outperforms
US official urges China, Russia to declare only humans, not AI, control nuclear weapons
Banking giants race to Riyadh as MBS steps up pressure campaign
Biden now calls ally Japan ‘xenophobic’ along with China, Russia
Japanese companies struggle with yen’s continued weakness
Australia’s March goods trade surplus narrows to more than 3-year low