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Singapore Wrap Wednesday
Singapore's benchmark three-month interest rate rose to a four-month high on Wednesday, after the Singapore dollar slid to a five-year low following the devaluation of the Chinese yuan.
The Singapore dollar hit a fresh five-year low on Wednesday as China's central bank fixed its daily yuan mid-point weaker again.
Noble Group Ltd tumbled amid a rout in raw material prices and ongoing criticism of its accounting, even as Asia's largest commodity trader resumed stock buybacks.
The ruling People's Action Party (PAP) on Wednesday introduced its slate of new candidates for Bishan-Toa Payoh GRC for the coming general election.
- Boustead's Q1 profit down 61%, impacted by Boustead Projects' demerger
- UOL's Q2 profit weighed down by lower fair-value gains
- QAF posts 31% jump in Q2 profit on higher sales
- OUE Commercial Reit's Q2 distributable income rises 2.6%
The STI Today
China's shock decision to devalue the yuan has sparked off turmoil in the currency market, led to fears of a currency war developing and sent stocks reeling.