Daily Debrief: What Happened Today

Noble Group surges as Abu Dhabi fund emerges as top holder

Noble Group Ltd, the commodity trader that's struggling for survival, has a new substantial shareholder after an Abu Dhabi fund built up a 5 per cent stake over two days. The stock rallied in Singapore.

​​​Singapore headline inflation in May rises to 1.4% y-o-y

Singapore's headline inflation in May strengthened to 1.4 per cent year-on-year due to the absence of rebates, while core inflation fell slightly to 1.6 per cent.

Singapore factory output up 5% y-o-y in May

Singapore's manufacturing output rose 5 per cent in May 2017 compared to a year ago - lower than market consensus. Excluding biomedical manufacturing, output grew 13.1 per cent.

Singapore's GLP to get bids from at least 3 prospective buyers next week

A Chinese consortium and two private equity firms are likely to submit bids next week to buy Singapore-listed warehouse operator Global Logistics Properties Ltd (GLP), people with direct knowledge of the matter said on Friday.

LTA adds new areas for driverless car trials, extending circuit by 55km

Singapore is extending the length of roads that driverless vehicles can be tested on by more than four times, in the hopes of speeding up technology development.

Southeastern Grocers chief to become CEO of Dairy Farm

Singapore-listed Dairy Farm International Holdings Limited, which operates Cold Storage, 7-Eleven and Giant stores here, said its chief executive officer Graham Allan will step down in August after five years of service.

UOL gains option to buy 60m UIC shares from Haw Par

Property play UOL Group is poised to buy investment holding company Haw Par Corporation's stake in another property play, United Industrial Corporation (UIC), via a share swap.

The STI Today

STI down 6 points

Singapore shares ended the day on a glum note even though the Dow futures, which the index tracks closely, was 20 points up just before 5 pm.