Daily Debrief: What Happened Today
Stories you might have missed
Singapore developers' sentiment weakened further in Q4 2015: survey
Developers' sentiment weakened further in Q4 2015, according to the results of the NUS-Redas Real Estate Sentiment Index survey.
Singapore market bearish on credit quality of energy and commodity firms: Moody's
The Singapore and Hong Kong markets are most bearish on the credit quality of commodities and energy companies, credit rating agency Moody's said in a report on Monday.
S&P downgrades China Fishery to 'D' after it defaults on coupon payment
Standard & Poor's Ratings Services (S&P) on Monday said it has lowered its long-term corporate credit rating on Singapore-listed China Fishery to "D" (default) from "SD" (selective default).
Olam International on Monday announced that A Shekhar, executive director - finance and business development for the group, has been promoted to the newly created position of executive director and group chief operating officer (ED and group COO) with effect from Feb 1, 2016.
OCBC opens new fintech and innovation unit
OCBC Bank is staking its claim on financial technology (fintech) territory with its new fintech and innovation unit called The Open Vault at OCBC.
China official manufacturing PMI eases to 49.4 in January, misses forecasts
Activity in China's manufacturing sector contracted more than expected in January, missing market expectations and weaker than the previous month, an official survey showed on Monday.
The STI Today
Singapore stocks close weaker after release of soft China numbers
Not surprisingly, the window-dressing push on Friday ran out of puff on Monday, leaving the Straits Times Index (STI) nursing a 26.7 points or one per cent loss at 2,602.41. Offshore and marine stocks came under renewed pressure, as did the three banks and Singtel. Volume fell from Friday's S$1.4 billion to one billion units worth S$1.07 billion and the advance-decline score excluding warrants was 183-203.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Record gold prices boost recycling: WGC
Malaysian fast food operator QSR shelves IPO plans amid boycott campaign: sources
WHO warns of bird flu risk spreading to cows outside US
Sri Lanka’s key inflation rate rises to 1.5% in April
Eurozone economy rebounds in first quarter, inflation stable in April
The Fed’s quantitative easing programme has cost too much