Daily Debrief: What Happened Today
Stories you might have missed
The first bidding exercise for the new certificate of entitlement (COE) quota resulted in the small and big car premiums softening, as most dealers reported slower sales over the past week. But they add that things could change after this weekend's TheCars@Expo vehicle sales event.
Two years on, SGX's new CEO seeks to fix stock-rout fallout
Singapore Exchange Ltd chief executive officer Loh Boon Chye says his top priority is to restore confidence in Southeast Asia's biggest stock market, where turnover is yet to recover from a mystery penny-stock crash more than two years ago.
CapitaLand pulls out of talks to buy Asia Square Tower 1
CapitaLand has ceased negotiations regarding its earlier plan to acquire Asia Square Tower 1, the real estate developer said on Wednesday morning.
Taiwan, China leaders to hold historic meeting in Singapore on Saturday
The presidents of Taiwan and China will meet in Singapore on Saturday to discuss cross-strait issues, Taiwan's presidential office said, in the first such meeting of leaders from the two sides since the Chinese civil war ended in 1949.
Citic to buy rest of Singapore's Biosensors in S$1.1 billion deal
A private-equity arm of Citic Group Corp. agreed to buy the rest of Singapore-based medical device maker Biosensors International Group Ltd. for about S$1.1 billion. Biosensors shares surged.
Corporate Earnings
Standard Chartered's bad loans show cracks in Asia economies
As China's growth sputters, the troubles at Standard Chartered Plc are another bad omen for what were once Asian economic darlings.
The STI Today
Singapore shares up 1.4% as China worries ease
The local market finished 1.4 per cent higher on Wednesday, with the Straits Times Index gaining 40.92 points to 3,040.48. The blue-chip index got a boost as concerns over China's slowdown eased somewhat, after the Chinese government unveiled a five-year plan to bolster the economy.
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International
Vietnam tycoon appeals against US$27 billion fraud death sentence
US announces new restrictions on firearm exports
Central banks will probably only cut half as much as they hiked
US consumer sentiment falls as inflation expectations climb
HSBC wins £1.3 billion suit over Disney film finance scandal
WTO countries to reboot dispute reform negotiations