Singapore Wrap Tuesday
Today's notable stories
Noble Group jumps by most since '99, erases last week's drop
Noble Group Ltd surged the most in more than 15 years, rising for a second day and erasing last week's 28 per cent slump as the commodity trader brought forward its results announcement.
General Election
Emeritus Senior Minister Goh Chok Tong, who has been an MP in Marine Parade since 1976, said on Tuesday that he will likely stand in the next election.
Second Permanent Secretary for Trade and Industry Chee Hong Tat, 41, has resigned from the civil service, a sign that he is likely to enter politics in the upcoming election.
StarHub to commission local programming this year using PCFS funding
StarHub will commission more than 80 hours of original local productions thanks to a fresh round of funding from the Media Development Authority Singapore (MDA) under the MDA's Public Service Broadcast Contestable Funds Scheme (PCFS) for 2015.
EL Development top bidder for 99-year private condo site at West Coast Vale
EL Development has placed the top bid of S$314.1 million or S$551.15 per square foot per plot ratio (psf ppr) for a 99-year private condominium site at West Coast Vale.
Corporate Earnings
The STI Today
Singapore shares close marginally lower
Singapore shares closed flat on Tuesday with the key Straits Times Index losing 1.8 points to finish at 3,191.04.
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International
Eurozone business in services-led bounce in April, PMI survey shows
China’s surging steel exports are inflaming global trade tension
German business activity returns to growth in April, PMI survey shows
China’s LGFV borrowing costs drop to record low as investors bet on bailout
UK budget deficit overshoots in setback for Hunt’s tax cut plans
BOJ will hike rates if trend inflation accelerates, says Ueda