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Daily Debrief: What Happened Today

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Chef Gokce performing his signature salting technique at his Nusr-Et Steakhouse in Manhattan.

Temasek and GIC in talks to buy chunk of internet star Salt Bae's steakhouse: FT
THE Financial Times reported on Wednesday that Temasek, GIC and Metric Capital, a London-based investment firm, are in talks over the potential purchase of D.ream Group, a subsidiary of Dogus Group, which owns the restaurants.


ARA Asset Management unit to acquire 19.5% stake in Cromwell Property for A$405.9m
A WHOLLY owned subsidiary of Singapore-based ARA Asset Management will acquire a 19.5 per cent stake in Australian real estate firm Cromwell Property Group for A$405.9 million (S$416.9 million) from South African-based real estate investment trust (Reit) Redefine Properties.


Top Glove gets shareholder nod for RM1.37b Aspion acquisition
THIS paves the way for Top Glove, the world's largest manufacturer of rubber gloves, to become the world's largest manufacturer of surgical gloves as well, said the mainboard-listed company.


HDB resale flat prices fell 0.6% in February but number sold rose 9.6%
PRICES of Housing Board (HDB) resale flats dipped slightly for the second month running, but the volume of flats sold increased.

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HSBC launches Singapore-dollar income bond fund for local retail investors
The minimum investment sum stands at S$1,000, and investors may buy into the fund at any HSBC retail banking branch, a company spokesman told The Business Times.


New e-wallets to emerge with launch of common QR code for Singapore: Stripe chief
NEW e-wallet solutions are expected to emerge in Singapore with the launch of SGQR this year, said Patrick Collison, chief of San Francisco-based financial technology company Stripe, during a fireside chat on Wednesday.


Grab is said close to deal for Uber South-east Asia business
Grab, the dominant ride-hailing service in South-east Asia, is close to finalising a deal to acquire Uber's business in the region and may sign a deal this week or next, according to people familiar with the matter.


Corporate Earnings

The STI today

Singapore shares close higher, Creative tops the losers
The Straits Times Index (STI) finished the day at 3,480.44, up 29.75 points, or 0.86 per cent.