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Singapore Wrap Wednesday
SGX Trading Outages
The Monetary Authority of Singapore (MAS) has reprimanded the local bourse for lapses related to major trading outages in November and December last year.
The Singapore Exchange's massive market meltdown in November 2014 was caused by a component failure plus a flawed power supply design at the bourse's data centre, a board committee of inquiry convened to investigate the issue told a press briefing on Wednesday.
More than three decades after he jumped bail and fled Singapore, former National Trades Union Congress (NTUC) president and People's Action Party member of parliament Phey Yew Kok appeared in court on Wednesday to face corruption charges served on him in 1979.
While women now hold 12 per cent of boardroom seats worldwide, only 4 per cent are chairing boards, according to the fourth edition of the "Women in the Boardroom: A Global Perspective" by Deloitte Touche Tohmatsu Limited (Deloitte Global).
Noble Group said on Wednesday it has purchased 14 million of its own shares at S$0.69445 apiece, or a total consideration of S$9.75 million.
- Noble Group rises on buyback and China shareholder's support
- Noble Group appoints Cofco's president to board
A 22,800-square-foot redevelopment site located in Katong has been put up for tender by expression of interest.
The STI Today
The Straits Times Index finished 11.55 points or 0.4 per cent higher at 3,351.33. The firmer closing was fuelled by optimism over Greece's debt situation and a mildly higher closing on Wall Street overnight.