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Daily Debrief: What Happened Today
The Monetary Authority of Singapore (MAS) and the Association of Supervisors of Banks of the Americas (ASBA) have inked a memorandum of understanding (MOU) to bolster fintech (financial technology) ties between Singapore and the Americas.
European Union leaders fear Prime Minister Theresa May's shock loss of her majority in the snap British election she called will delay Brexit talks due to start this month and raise the risk of negotiations failing.
- Quick takes on UK elections: Hung parliament seen undermining Brexit talks
- Little upside in prospect for British banks from election result
- Hot stocks: Most UK-linked firms lose ground
Online investment products distribution platform iFAST Corporation jumped 18 per cent to S$0.975 as at 3.25pm on Friday, up S$0.15, upon news of it being admitted as a Singapore Exchange securities trading and clearing member.
Public-listed property company GuocoLand has proposed to issue bonds worth S$170 million, at 3.85 per cent, to lenders.
Liquidators of Linc Energy said on Friday they have applied to Singapore Exchange (SGX) for a one-year extension for the submission of a proposal to resume trading in the company's shares.
In a sign that marks its entry into its next phase of growth in Greater China, IHH Healthcare broke ground for Gleneagles Shanghai Hospital with its partners.
The STI Today
Shares in the local bourse shrugged off the astonishing outcome of the UK election, with the key Straits Times Index rising 17.14 points or 0.53 per cent to 3,254.19.