Daily Debrief: What Happened Today
Stories you might have missed
Singapore final GDP seen confirming sluggish Q2 growth
Singapore's latest estimate of second-quarter gross domestic product is likely to confirm sluggish growth in the April-June quarter, with the outlook clouded by concerns over Brexit and weakening global demand.
DBS chief Gupta defends decision to extend lifeline to Swiber
DBS Group Holdings Ltd's top executive defended his bank's decision to throw Swiber Holdings Ltd a S$197 million lifeline, indicating the lender was caught off guard by the speed at which the energy-services company collapsed in recent weeks.
Singapore seen at risk of cascading oil services bond defaults
Singapore bondholders and lenders, already stung by Swiber Holdings Ltd's woes, face mounting pain as a drop in oil leaves more companies in the industry starved for cash.
Sembcorp invests 750m rupees in India renewable energy sector
Sembcorp Industries has invested an additional 750 million rupees (S$15.1 million) in the Indian renewable energy sector.
A penny stock DBS couldn't save roils Singapore's oil hub, banks
With a market value of S$50 million, Swiber Holdings Ltd hardly seemed the kind of company to cause a ripple in the financial markets. Yet, the near-liquidation of the penny-stock firm has set off tremors in Singapore's banking and energy industries.
Indonesian group behind Singapore plot has 'dozens of members': police
Indonesian authorities said on Monday that several suspected radicals arrested on Batam island last week were part of a group that has "dozens of members" and has been active for two years.
Corporate Earnings
The STI Today
Singapore shares end higher as STI gains 1.5% in line with Wall St, DBS's results
Wall Street's jump to a new all-time high on Friday and DBS's better-than-expected second quarter profit helped propel the Straits Times Index up 42.61 points or 1.5 per cent to 2,870.78, albeit in mediocre, pre-holiday volume of 938 million units worth S$1.03 billion.
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International
Labour wins UK by-election as Tory PM Sunak stares at more losses
South Korea to slap fines on food suppliers for ‘shrinkflation’
Stormy Daniels’ ex-lawyer in the hot seat at Trump trial
New Zealand says ‘seriously concerned’ by China’s increased security actions in Pacific
EU, ISSB agree on minimising overlaps in company climate disclosures
US law firm Mayer Brown to split from Hong Kong partnership