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Daily Debrief: What Happened Today
US credibility is on the line over a Pacific trade pact that faces a tough approval process in Congress, Prime Minister Lee Hsien Loong said Monday, warning about risks to the US's reputation in Asia if the deal falls through.
Fixed income bankers say the bond market is doing well because of low interest rates, which is also a global phenomenon.
A record high in fresh mortgagee sale listings was seen in the second quarter in Singapore when 31 fresh mortgagee sale listings came up in auctions, according to data compiled by Knight Frank.
Singapore's consumer confidence for the second quarter of 2016 held steady at 88 points, according to the Nielsen Global Survey of Consumer Confidence and Spending released on Tuesday.
The share price of Noble Group tumbled more than 15 per cent in active trade on Tuesday, prompting a query from the Singapore Exchange (SGX) on its trading activity.
- Sembcorp Industries Q2 earnings plunge 61.3%
- Sunningdale Q2 profit falls 37%
- One Raffles Place boosts OUE C-Reit's Q2 DPU
- ARA Asset Management's Q2 earnings up 18% on higher fees
The STI Today
Monday's short-covering bounce having been completed paved the way for the selling to resume on Tuesday, with the Straits Times Index (STI) plunging 35.85 points or 1.2 per cent to 2,856.67 as concerns over the health of the offshore and marine (O&M) sector took grip.