Daily Debrief: What Happened Today
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Moody's downgrades Noble to junk, company CEO defends financials
The chief executive of embattled commodity trader Noble Group Ltd defended its financial position after what it called an "unexpected" move by Moody's Investors Service to cut its credit rating to junk status, slamming its stocks and bonds.
HDB to launch 18,000 new flats in 2016
Singapore's Minister of National Development Lawrence Wong on Wednesday said that the Housing and Development Board will launch 18,000 new flats in 2016, 3,000 more than what was launched in 2015.
Keppel takes full control of Keppel Bay Tower via share swap with Mapletree
Keppel Group on Wednesday said it has completed a share swap with Mapletree Investments that would see Keppel holding full control of office building Keppel Bay Tower.
Sembcorp to invest S$202m in Chongqing power plant JV
Sembcorp has injected equity worth around 925 million yuan or approximately S$202 million for a 49 per cent stake in the JV, a sum financed by internal funds, it said in a Singapore Exchange filing on Wednesday morning.
Ascendas-Singbridge CEO to join A-Reit board in reshuffle
A board reshuffle at industrial landlord Ascendas Real Estate Investment Trust (A-Reit) will see the head honcho of urban solutions provider Ascendas-Singbridge coming onboard as vice-chairman.
Global growth will be disappointing in 2016, says IMF's Lagarde
"In many countries the financial sector still has weaknesses and in emerging markets the financial risks are increasing. All of that means global growth will be disappointing and uneven in 2016," IMF Managing Director Christine Lagarde said.
The STI Today
Singapore shares close weaker in low volume
Perhaps the only firm conclusion which can be drawn from Wednesday's nondescript penultimate session of 2015 was that it fell within expectations - volume was weak, interest was absent and many players were said to be away for the holidays.
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International
Sunak says UK to raise defence spending amid global threats
China’s central bank hints it may add treasury bond trades to policy toolkit
US business activity cools in April; inflation measures mixed
India’s inflation at risk from extreme weather, geopolitical issues: central bank
Thailand to replace military-appointed Senate, reduce its powers
Bankers lose hope of London IPO revival for another year