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Daily Debrief: What Happened Today
Commodity trader Noble Group on Tuesday warned that it will incur net losses for its fourth quarter and full year ended Dec 31, 2015.
Singapore's Keppel Corp reiterated on Tuesday its zero-tolerance stance against any form of illegal activity, including bribery and corruption, involving its employees or associates, as investigations involving scandal-plagued Brazilian oil giant Petrobras heats up.
Consumer prices continued to fall 0.6 per cent year-on-year in January, unchanged from December, according to latest statistics on the Singapore consumer price index released by the government.
Crude oil prices fell by an average of 59 cents in January 2014-January 2016 while effective pump prices dropped 45 cents, according to an interim study by the Competition Commission of Singapore.
Rajah & Tann Singapore LLP, Southeast Asia's largest law firm, reckons the region's rising bond defaults will inflict as much pain on creditors as the financial crises of 2008 and 1998.
Standard Chartered said on Tuesday its annual profit fell 84 per cent, as weaker global financial markets, tumbling commodity prices and rising loan impairments continued to hammer revenues at the emerging markets-focused bank.
- NOL narrows Q4 loss to US$75m amid ongoing industry weakness
- Sheng Siong posts stronger profits for Q4FY15 on better margins
- Centurion's Q4 profit tumbles in absence of one-off gains
- Bumitama Agri Q4 net profit up 9.7% to 292 billion rupiah
- Asian Pay Television Trust guides for 6.5 to 7-cent distribution for 2016
The STI Today
The Straits Times Index on Tuesday moved in tandem with rises and falls in various other markets, most notably the Dow futures, Hong Kong and China. It eventually settled at 2,672.07, a net gain of 11.42 points for the day. At 5pm, the Dow futures stood 40 points weaker.