Daily Debrief: What Happened Today
Stories you might have missed
Equity fund-raising picks up for Singapore-based companies in H2
Singapore-domiciled companies tapping the equity capital markets have raised US$2.4 billion so far this year, a 79.3 per cent jump from the US$1.3 billion raised in the first half of 2015, data from Thomson Reuters showed on Tuesday.
LVMH-backed Asia private equity fund sued in Singapore by fired executive
An Asian private equity unit backed by LVMH Moet Hennessy Louis Vuitton SE is being sued by a former executive, who is claiming he was fired for revealing wrongdoing at the business.
Marina One tops out, secures 550,000 sq ft of office leasing deals
M+S Pte Ltd, a joint venture between Malaysia's Khazanah Nasional and Singapore's Temasek Holdings, said on Tuesday it has "topped out" (meaning put the top of the building on) Marina One in Singapore's Marina Bay area.
Hot stock update: Frasers Logistics and Industrial Trust closes up on debut on Tuesday
Frasers Logistics and Industrial Trust rose 1.7 per cent on Tuesday on its debut. The real estate investment trust (Reit) opened at S$0.905, higher than its initial public offering (IPO) price of S$0.89. During the day, the Reit hit a high of S$0.93 before closing at S$0.91.
Brexit may cut UK's GDP by 2-7% by 2030, says report
Britain's exit from the European Union (EU) may lower the country's gross domestic product (GDP) by 2 to 7 per cent by 2030, a recent AXA Investment Managers' report said, as a poll on Monday showed that votes in the stay-or-go clash are evenly split.
The STI Today
Singapore shares close lower as Brexit vote looms
Not surprisingly, trading on Tuesday was quiet, largely featureless and mainly weak ahead of the UK's referendum on Thursday on whether to remain or exit the eurozone.
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International
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
China passes tariff law as tensions with trading partners simmer
Blinken meets Chinese counterpart Wang Yi in Beijing
South Korea’s public finances no longer a credit rating ‘strength’: Fitch
UK consumer confidence improves as inflation and taxes fall
Inflation in Japan’s capital falls below BOJ target, slows for second month