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Singapore Wrap Monday

Today's notable stories

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Standard Chartered is among three lenders that China's central bank last week suspended from conducting some foreign exchange business until the end of March, two sources with direct knowledge told Reuters on Wednesday.


StanChart Singapore names group wealth management head as CEO

Standard Chartered Bank Singapore has appointed Judy Hsu as its chief executive officer with effect from Oct 1, 2015.

Entrepreneur Goh Eng Wah dies at 92

Market voices on:

Goh Eng Wah, an entrepreneur and a pioneer of Singapore's cinema industry, died on Sept 5, aged 92.

Temasek teams up with Saudi partner in bid for fast-food firm: report

Singapore's Temasek Holdings has teamed up with Saudi Arabia's Savola Group to bid for Middle Eastern fast-food operator Kuwait Food Co. in a deal that could be valued at between US$4 billion to US$5 billion, according to two people with knowledge of the matter.

YuuZoo secures S$30m funding from GEM Global

YuuZoo Corp has secured a S$30 million funding facility for the next three years from New York-based private alternative investment group GEM Global Yield Fund.

The STI Today

Singapore shares close weaker as China weakness overshadows Dow futures' rise

The Straits Times Index (STI) on Monday drifted to an 11.4 points loss at 2,852.41 in a weak session that saw only 840 million units worth S$834 million traded and the broad market excluding warrants recording 124 rises versus 266 falls.