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Daily Debrief: What Happened Today
Prices and rents of private residential properties fell more steeply in the third quarter by 1.5 per cent in the third quarter and 1.2 per cent respectively from a quarter ago, latest data from the Urban Redevelopment Authority shows.
- HDB resale prices unchanged in Q3 from Q2
- Office vacancy rate surges to 10.4% at end-Q3: URA
- Vacancy rate for retail space islandwide rises to 8.4% at end-Q3
UBS Group AG said it could be fined and suspended from arranging Hong Kong initial public offerings as the city's securities regulator moves to punish the Swiss bank for its work on some IPOs.
Shares of Singapore Post (SingPost) surged 5 per cent on Friday morning after the Info-communications Media Development Authority gave the nod for Chinese e-commerce giant Alibaba to raise its stake in the postal and logistics firm.
Acting Ministers Ong Ye Kung and Ng Chee Meng have been promoted to full ministers with effect from Nov 1, with both continuing in their existing portfolios at the Ministry of Education.
The yuan headed for the biggest monthly drop since last year's shock devaluation, spurring concern that China's policy makers are becoming more tolerant of declines as exports slump and the dollar advances.
- UOB's Q3 profit falls 7.8%, as oil rout lifts bad loan charges
- CDL Hospitality Trusts records 3.4% higher DPS for Q3
- IndoAgri returns to the black in Q3 on higher revenue, forex gain
The STI Today
Ahead of the US presidential elections on Nov 8 markets everywhere traded within narrow bands, which is entirely to be expected given the massive uncertainty that could ensue if Republican candidate Donald Trump wins.