Daily Debrief: What Happened Today
Stories you might have missed
Grab buys Uber's South-east Asia business; Uber gets 27.5% stake in Grab SINGAPORE-BASED Grab on Monday announced that it has acquired Uber's South-east Asia operations for an undisclosed sum - putting an end to months of speculation about the merger between the two ridehailing giants.
Singapore's February factory output beats expectations despite CNY effect THE Economic Development Board on Monday reported that industrial production grew 8.9 per cent in February compared to a year ago, faster than the 4.2 per cent expected by economists in a Bloomberg poll.
Noble directors say proposed restructuring will result in 'fair and equitable treatment of all shareholders' UNDER the restructuring support agreement or RSA, if shareholders do not approve of this primary restructuring, the "alternative restructuring" on a prepackaged basis involves the sale of target assets to a new Noble entity and the issuance of shares in the new entity to shareholders who voted in favour of the primary restructuring.
First fintech to list on Singapore bourse Ayondo debuts at S$0.24 GLOBAL fintech group Ayondo on Monday made its debut on the Singapore Exchange's (SGX) Catalist board at S$0.24 apiece - marking the first fintech company to be listed on the Singapore bourse.
Buyout offer for LTC Corporation extended to April 9 THE offer for the mainboard-listed company from a group of LTC Corporation's controlling shareholders from the Cheng family is at S$0.925 per share.
Datapulse releases EGM circular; to report some findings from mandated independent review to SGX within a month THE meeting will be held at the Fuji Room of the Hengda Building in Cecil Street on April 20, at 2pm, the board announced on the Singapore Exchange (SGX) website on Monday afternoon.
The STI today
Singapore shares end 0.26% lower on Monday THE benchmark Straits Times Index (STI) shed 8.93 points, or 0.26 per cent, to 3,412.46, as the trade tariff stand-off between the world's two largest economies continued to weigh on investors' minds.
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International
SNP veteran John Swinney set to be Scotland’s next leader
Shell in talks to sell Malaysia fuel stations to Saudi Aramco: sources
Israel begins evacuating part of Rafah, Hamas decries 'dangerous escalation'
Macron, Von der Leyen press China’s Xi on trade in Paris talks
Eurozone business activity grows at fastest pace in almost a year, PMI shows
China May Day holiday spending delivers mixed picture on post-Covid recovery