Daily Debrief: What Happened Today
ST Engineering shuffles leadership team
Lee Fook Sun will step down as president of ST Electronics from Jan 1, 2017, to focus on his other roles as deputy chief executive and president of the group's defence business.
Italy's Fincantieri offers to take Vard private
Italy's incorporated shipbuilding group Fincantieri Group has set out to take Singapore-listed subsidiary Vard Holdings private at S$0.24 per share. Vard has requested for a trading halt before Monday trading hours.
SunMoon in S$4.1 m divestment deal
Singapore-listed SunMoon Food Company has entered into an agreement to sell its subsidiary United Agro Produce Pte Ltd (UAPL) and its dehydrated business for S$4.1 million to Global Food Ingredients Pte Ltd (GFI).
ASL Marine lines up new loan of S$99.9m
Mainboard-listed ASL Marine announced after Friday trading hours it has lined up a five-year club term loan facility of S$99.9 million from various lenders.
Swissco to file for interim judicial management as bank lenders pull the plug
Debt-saddled Swissco Holdings will file for interim judicial management over the next few days, it said on Monday.
Kevin Wo to replace Jessica Tan as Microsoft Singapore MD
Kevin Wo will replace Jessica Tan as managing director of Microsoft Singapore with effect from Dec 31, 2016.
Corporate Earnings
The STI Today
Singapore stocks close lower, decoupled from Wall St on Trump uncertainty
Wall Street may have risen to new highs on Friday and the Dow futures may have continued this upward momentum on Monday, but stocks in this part of the world have not followed suit.
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International
Britain’s retail sales disappoint in sign of lacklustre recovery
Explosions in Iran, US media reports Israeli strikes
US veto sinks Palestinian UN membership bid in Security Council
Pro-China local leader ousted in Solomon Islands election
Japan‘s March inflation slows to 2.6%, eyes on BOJ move
S&P downgrades Israel rating on heightened geopolitical risk