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Daily Debrief: What Happened Today
Singapore's non-oil domestic exports (NODX) decreased slightly by 1.2 per cent in May 2017 on a year-on-year basis, according to figures released by International Enterprise Singapore on Friday.
Stamford Law Corporation did not draft Lee Kuan Yew's final will, the latter's younger son Lee Hsien Yang said on Friday in a bitter feud with his brother, Singapore's Prime Minister Lee Hsien Loong.
- For more stories on the Lee family feud, go to bt.sg/leefeud
Property company Hiap Hoe on Friday announced that it has, through subsidiaries, signed a sale and purchase agreement to buy Holiday Inn Express in Trafford City, Mercury Way, Manchester, from Topland (No. 18), Mill Lane Estates, and Marick Capital.
Nearly US$30 million of funds stolen from scandal-hit 1Malaysia Development Berhad (1MDB) was used to buy jewellery for the prime minister's wife, including a rare 22-carat pink diamond set in a necklace, according to the latest filings by the US Justice Department in a civil lawsuit.
Indosuez Wealth Management, the private banking arm of Credit Agricole, France's second-largest bank is in exclusive talks with Credit Industriel et Commercial (CIC) to buy its private banking business in Singapore and Hong Kong.
China Vanke Co, a logistics partner of Blackstone Group LP in China, is in talks to join a management-backed consortium bidding for warehouse operator Global Logistic Properties Ltd, people with knowledge of the matter said.
A wholly owned subsidiary of mainboard-listed Hi-P International is investing 22.8 million yuan (S$4.63 million) into a joint venture (JV) company that will make coffee machines and provide packaging for coffee and beverages.
The STI Today
A fall in oil prices, an expected US interest rate hike and news that US President Donald Trump is under investigation for possible obstruction of justice were the main external events that impacted stock markets this week.