Daily Debrief: What Happened Today
Stories you might have missed
Singapore factory output down 0.7% in Dec, posts full-year fall of 1.4%
DECEMBER'S showing was an improvement from November's revised figure of an 8.9 per cent fall.
Broker's take: DBS raises SGX's target price on index firm acquisition
DBS Group Research has maintained its "buy" call on the Singapore Exchange (SGX) while raising its target price to S$9.60, up from S$8.90 previously.
ARA H-Trust sets up S$800m debt issuance programme
UNDER the programme, ARA H-Trust will offer stapled notes and stapled perpetual securities in Singapore.
Singapore biotech firm Veredus will have Wuhan virus test ready by Feb 1
THE kit is a portable lab-on-chip application that will be able to detect the Wuhan coronavirus as well as the Sars and Mers viruses with "high specificity and sensitivity".
Corporate earnings
The STI today
Singapore shares up on Friday, drop 1.3% on the week
THE STI made steady gains across the session to finish at 3,240.02, adding 5.46 points or 0.2 per cent.
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International
Sterling rises after UK economy beats expectations and exits recession
China’s car exports hit record high in April, as domestic sales fall
UK exits recession with fastest growth in nearly three years
Europe’s rush for rate cuts shifts global market power away from US
China’s push for greener aluminium hit by erratic rains, power cuts
Saudi crown prince to visit Japan