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Daily Debrief: What Happened Today
Singapore Airlines on Friday launched a voluntary conditional general offer for all the shares of Tiger Airways that it does not already own, with the aim of delisting and privatising the budget carrier.
Singapore's stock exchange is evaluating possible incidents of spoofing in its flourishing derivatives market, following complaints over the dishonest trading practice.
When Chinese President Xi Jinping and Taiwanese President Ma Ying-jeou finish dinner after their historic summit on Saturday in Singapore, they will split the bill. Going Dutch illustrates the delicate protocol balance the leaders must strike to maintain their uneasy peace 66 years after the civil war that left their peoples divided.
Bank of China and Singapore's government trade agency International Enterprise have signed a memorandum of understanding to help develop Singapore's commodity trading and financial sectors, the companies said on Friday.
- ST Engineering posts 9.9% rise in Q3 profit
- StarHub Q3 profit grows 21.5% on equipment sales, one-time gain
- KSH Q2 profit more than triples on China project
The STI Today
Comments by US Federal Reserve chair Janet Yellen on Wednesday about moving ahead with interest rate hikes "in a timely fashion" because it's the "prudent thing to do" weighed on stocks here, dragging the Straits Times Index lower on Thursday and Friday. These losses ate into gains made earlier in the week, resulting in the index recording a nett gain of just 12 points at 3,010.47 for the week.