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Daily Debrief: What Happened Today

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Noble will drop a provision from its restructuring proposal that has drawn criticism for attempting to treat shareholders differently depending on how they vote, the company's chairman said in an open letter late Wednesday.

Iceberg says new Noble has 'zero chance of success'; Goldilocks objects to newest directors
UNSUSTAINABLY high financing costs will place Noble Group's future at risk even after its proposed restructuring, Iceberg Research said on Friday as it reiterated its call to replace the commodity company's management.

Ezion to raise up to S$50m in share and options deal with Temasek's Pavilion
OFFSHORE and marine (O&M) group Ezion Holdings could raise up to S$50 million through a placement of shares and options to its first strategic investor in this prolonged industry downturn.

Daily turnover on SGX grew 4% in March to S$1.3b, but daily volume fell 26%
AN average of S$1.32 billion of trades took place each session in March on the Singapore Exchange's (SGX) securities market, a 4.3 per cent improvement over year-ago levels, according to data released by the market operator on Friday.

ExxonMobil installs new lubes reactor in Singapore refinery expansion project
EXXONMOBIL, which is upgrading its Singapore refinery to increase the production of base oil - an ingredient used in manufacturing lubricants - has successfully installed a new lubes reactor.

Market voices on:

Uber-Grab deal: Uber app extended to April 15
THE Uber app, which was due to be deactivated on April 8, will now stay on till April 15 as the competition watchdog decides on its next move.

OCBC chief Samuel Tsien gets 15.6% rise in salary in 2017
MR Tsien received S$9.69 million in 2017. In 2016, his total remuneration was S$8.38 million.

The STI today

Singapore shares shrug of trade tension to end higher
AFTER opening at 3,392.76, the Straits Times Index (STI) ended at 3,442.5, up 36.85 points, or 1.08 per cent, from its previous day's close.