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Daily Debrief: What Happened Today

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Borrowers in Singapore, so far spared from a wave of defaults in the oil services industry, are starting to ask creditors to cut them some slack.

Singapore oil borrowers seek more slack to avoid bond defaults

Three companies including Dyna-Mac Holdings Ltd, part-owned by Keppel Corp, this month are asking bond holders to alter certain debt limits or profit targets as contract delays wreck firms' earnings.

Singapore, India sign strategic partnership agreement

India's Prime Minister, Narendra Modi, and his Singapore counterpart, Lee Hsien Loong, held substantive discussions and signed a strategic partnership between the two countries on Tuesday.

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Noble Group may be cut to junk by S&P on liquidity concerns

Noble Group Ltd, the commodity trader battling criticism of its accounting, may have its credit rating cut to junk by Standard & Poor's on concerns about the company's liquidity.

Findings from special audit of Cedar Strategic's accounts published

Cedar Strategic Holdings has displayed numerous weaknesses and/or lapses in corporate governance, internal controls, and possible non-compliance with the Catalist Board rules, according to the special auditors' report by Baker Tilly Consultancy.

SIAS registers concerns of Tiger Airways' minority shareholders with Singapore Airlines

The Securities Investors Association Singapore (SIAS) has raised the concerns of Tiger Airways' minority shareholders with Singapore Airlines, flagging that SIA's offer price is not reasonable for long-term minority shareholders.

UOB first to launch contactless payment with banking mobile app

United Overseas Bank (UOB) on Tuesday officially launched its mobile application that allows users of Android smartphones to pay for their purchases by tapping their phones, the first for a Singapore bank.

The STI Today

Singapore shares close higher, led by banks and Genting

The Straits Times Index on Tuesday rebounded 20 points to 2,923.49, most probably thanks to short-covering in mainly the banks and Genting Singapore ahead of an expected Tuesday rebound on Wall Street.