Daily Debrief: What Happened Today
Stories you might have missed
Swiber Holdings
Swiber files to wind up, directors resign
Oil and gas contractor Swiber Holdings has filed a winding-up application, and its directors have resigned to pursue their own interests, the company announced on Thursday.
Unemployment in Singapore rises to 2.1% in June: MOM
The unemployment rate among Singapore residents went up to 3 per cent (from 2.7 per cent in the previous quarter). For Singapore citizens, the rate rose to 3.1 per cent (from 2.6 per cent previously).
Prices of completed private apartments, condos up 0.6% in June: NUS index
Prices of completed private apartments and condominiums in Singapore appreciated in June 2016 over the preceding month - contrasting with the month-on-month decline posted in May this year.
Singapore industrial rents, prices continue to fall; vacancy rises
Prices and rentals of industrial space in Singapore continue to fall in tandem with occupancy rates, while vacancy rates edge upward, a report has found.
Corporate Earnings
The STI Today
Singapore shares close lower on Thursday as oil and gas stocks tumble
The Singapore market fell 0.78 per cent on Thursday, with the Straits Times Index dropping 22.87 points to 2,918.62 as investors sold down oil and gas counters.
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International
Luxury sector outlook clouded by China’s slow recovery
TikTok CEO expects to defeat US restrictions: ‘We aren’t going anywhere’
TikTok artists and advertisers to stay with app until ‘door slams shut’
Biden signs Ukraine aid, TikTok ban Bills after Republican battle
UAE announces US$544 million for rain repairs, says lessons 'learned'
HSBC says growing Chinese wealth fuels client investments in US