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Daily Debrief: What Happened Today

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Noble Group is closing down its London oil desk and winding down its Asia oil operations, sources familiar with the matter said, as heavy losses and high debt force what was once Asia's biggest commodities trader to restructure.

Troubled Noble Group says goodbye to global oil trading
NOBLE Group is closing down its London oil desk and winding down its Asia oil operations, sources familiar with the matter said, as heavy losses and high debt force what was once Asia's biggest commodities trader to restructure.


Condo, HDB rents continued to slip in December but full-year declines eased in 2017
THE housing rental market remained in a soft patch in December, but the full-year rental declines were more moderate than the year before.


Credit Suisse, Morgan Stanley, OCBC see Singapore private home prices rebounding this year
Credit Suisse Group and Morgan Stanley are calling the end of Singapore's property downturn, after a second consecutive quarterly increase in private residential prices.


SGX currency futures traded up 59% in 2017 on rupee, offshore renminbi contracts
TRADING activity in Singapore Exchange (SGX) currency futures shrugged off traditional year-end blues and spiked as 2017 drew to a close, the bourse operator said. 

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GLP privatisation scheme goes into effect; delisting date set for Jan 22
GLOBAL Logistic Properties (GLP) is set to delist from the Singapore Exchange on Jan 22, making its exit in a record S$16 billion privatisation deal.


Former civil service head Peter Ong to chair Enterprise Singapore
THE retired head of Civil Service and former Permanent Secretary in the Prime Minister's Office Peter Ong Boon Kwee was named chairman-designate of Enterprise Singapore on Wednesday.


The STI Today

Singapore shares hang on above 3,500 points as Venture nears dotcom high 
SINGAPORE stocks ended 0.1 per cent lower on Wednesday, with the Straits Times Index dropping 4.2 points to 3,520.45.