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Daily Debrief: What Happened Today
CITY Developments Limited (CDL) announced on Friday morning that it has acquired a prime freehold Grade A commercial building in London for £183 million (S$328 million). The project, Aldgate House, is located in the district of Aldgate, right beside Aldgate Underground Station and with six other stations within a five-minute walk.
SHARES in mainboard-listed Singapore Technologies (ST) Engineering were on a tear on Friday morning with the engineering firm's stock advancing S$0.23 or seven per cent to S$3.52 as at 11.42am.
DBS Group Holdings has poured cold water on the idea that private bankers can name their price when jumping ship in Asia's booming wealth management business.
ASIAN conglomerates appear to be losing their advantage over pure plays as they underperformed the latter on core financial performance for the first time in a 10-year period from 2007-2016, an industry study has found.
SINGAPORE firms on Friday inked 22 deals with Sichuan companies for greater access to western China across sectors including technology and innovation, education, lifestyle, logistics and tourism.
THE US dollar dipped on Friday after weaker-than-expected US inflation data, with the currency already sagging on signs of reduced trade tensions between the United States and China.
The STI today
SHARE prices on the Singapore bourse closed higher on Friday, with the key Straits Times Index up 29.65 points, or 0.95 per cent, to 3,161.42.