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Daily Debrief: What Happened Today
Developers' sentiment weakened further in Q4 2015, according to the results of the NUS-Redas Real Estate Sentiment Index survey.
The Singapore and Hong Kong markets are most bearish on the credit quality of commodities and energy companies, credit rating agency Moody's said in a report on Monday.
Standard & Poor's Ratings Services (S&P) on Monday said it has lowered its long-term corporate credit rating on Singapore-listed China Fishery to "D" (default) from "SD" (selective default).
Olam International on Monday announced that A Shekhar, executive director - finance and business development for the group, has been promoted to the newly created position of executive director and group chief operating officer (ED and group COO) with effect from Feb 1, 2016.
OCBC Bank is staking its claim on financial technology (fintech) territory with its new fintech and innovation unit called The Open Vault at OCBC.
Activity in China's manufacturing sector contracted more than expected in January, missing market expectations and weaker than the previous month, an official survey showed on Monday.
The STI Today
Not surprisingly, the window-dressing push on Friday ran out of puff on Monday, leaving the Straits Times Index (STI) nursing a 26.7 points or one per cent loss at 2,602.41. Offshore and marine stocks came under renewed pressure, as did the three banks and Singtel. Volume fell from Friday's S$1.4 billion to one billion units worth S$1.07 billion and the advance-decline score excluding warrants was 183-203.