Daily Debrief: What Happened Today
Stories you might have missed
Cosco Singapore plunges to lowest in 11 years on profit warning
Cosco Corp Singapore, the shipbuilding arm of China's China Ocean Shipping Group, fell to the lowest price in more than 11 years in Singapore trading after the company said it will post a "significant net loss" in the fourth quarter.
Vard customer cancels order for 2 LPG vessels
Vard Holdings' 50.5 per cent subsidiary Vard Promar SA has received a cancellation notice from Petrobras Transportes SA (Transpetro) on two liquefied petroleum gas (LPG) carriers.
SGX named 'Global Exchange of the Year'
The Singapore Exchange's (SGX's) recent derivatives expansion has brought it an international accolade.
Singapore court rules North Korea-linked shipper guilty in illegal arms case
A district court in Singapore on Monday found Chinpo Shipping, a company implicated in an illegal shipment of arms on a North Korean container ship, guilty of two criminal charges.
A380 owners target US, China role for surplus Singapore planes
The owners of five Airbus Group SE A380s leased to Singapore Airlines have begun touting the superjumbos around potential future operators while the Asian carrier evaluates whether to retain them.
Hong Kong property foreclosures seen doubling in 2016 on economy
Property foreclosures in Hong Kong will double from current levels by the end of next year as a slowing economy hurts borrowers' ability to service their mortgages, according to an auctioneer with 23 years of industry experience.
The STI Today
Singapore shares close lower on oil slide, US rate hike worries
There were no surprises as far as Monday's trading in the local stock market went, as prices fell in the wake of Friday's Wall Street selloff.
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International
Bankers lose hope of London IPO revival for another year
Decarbonisation schemes are generating hot air
BOJ will hike rates if trend inflation accelerates, says Ueda
India tells spice makers to give details of quality checks after Hong Kong allegations
Eurozone business in services-led bounce in April, PMI survey shows
China’s surging steel exports are inflaming global trade tension