Daily Debrief: What Happened Today
Stories you might have missed
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
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.
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International
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’
US jobs growth slows in April; jobless rate up to 3.9%