Singapore Wrap Wednesday
Today's notable stories
Singapore's key short-term interest rate hits 4-month high
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.
Singapore dollar hits 5-year low after weak yuan fixing
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 tumbles as buybacks fail to counter commodity slide
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.
PAP introduces new candidates for Bishan-Toa Payoh GRC; Wong Kan Seng retires
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.
Corporate Earnings
The STI Today
Singapore: Shares close lower after China's yuan devaluation
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.
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International
South Korea readies new system to detect illegal short-selling
US births retreat after pandemic-era growth
Markets are embracing India's Modi for what he won’t do
Blinken to meet businesses in Shanghai as he kicks off a tough China trip
Indonesia’s central bank surprises with ‘pre-emptive’ rate hike to cushion falling rupiah
South Korea’s economic growth beats forecast as exports rise