Daily Debrief: What Happened Today
Stories you might have missed
Corporate Earnings
SATS offers up to RM218m for 49% stake in Malaysian airline caterer
Airport services group SATS is eyeing a significant chunk of an inflight meals caterer that serves Malaysia Airlines. It has made a conditional binding offer to buy 49 per cent of Brahim's Airline Catering Holdings for up to RM218 million (S$70.7 million), it said in a Singapore Exchange filing on Thursday.
Cambridge Industrial Trust manager's biggest shareholder mulling stake sale
The biggest shareholder of industrial landlord Cambridge Industrial Trust's manager is considering the sale of its 56 per cent stake. National Australia Bank group vehicle nabInvest Capital Partners has received "non-binding expressions of interest" for its shares in Cambridge Industrial Trust Management (CITM), CITM said in a Singapore Exchange filing on Thursday right after posting the trust's third-quarter results.
Prices, rents of industrial space continue to soften in Q3: JTC
Prices and rentals of industrial space continued to soften in the third quarter of 2015, according to JTC statistics released on Thursday. Overall industrial prices fell 0.3 per cent over the preceding quarter, while those of multiple-user factories fell 0.4 per cent.
Singapore's GIC forms JV to invest in India office project
Singapore sovereign wealth fund GIC has formed a 50-50 joint venture with Tishman Speyer to invest in the developer's office project in the southern Indian city of Hyderabad, the firms said in a joint statement.
Aussie dollar sliding toward 60 US cents in Citigroup's 1998 redux
If you want to know what lies ahead for Australia's dollar look back to 1998, according to Citigroup Inc, the world's largest currency trader.
The STI Today
Singapore stocks close higher in low volume
A modest rise in the Dow futures and a firm session in Shanghai on Thursday helped put 12.41 points on the Straits Times Index at 3,038.11. Turnover however, was a poor 1.2 billion units worth S$680.7 million of which 175.4 million worth S$412.6 million was done in the 30 Straits Times Index components, which meant that the remaining 700 plus stocks contributed only S$268 million or 39 per cent to total volume.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Bank of Japan’s Ueda says ‘very likely’ to hike rates if inflation keeps rising
Colombian fund managers eye US$750 million fee bonanza after senators tweak pension bill
Fed survey cites inflation, US election as key financial stability risks
Oil prices steady after Iran plays down reported Israeli attack
G7 pledges swift aid for Ukraine, seeks to calm Middle East
H5N1 strain of bird flu found in milk: WHO