Daily Debrief: What Happened Today
Stories you might have missed
Singapore headline inflation falls more than expected to 0.5% in June
This was due to sharply lower housing and maintenance and repairs inflation associated with the timing effects of the disbursement of service and conservancy charges rebates.
GuocoLand sold close to 90 units of Martin Modern during weekend launch
The units sold ranged from two to four-bedrooms, from S$2,009 per square foot (psf) to more than S$2,500 psf. The value of the apartments ranged from S$1.75 million to S$4.55 million.
mm2: Seller responsible for obtaining approval that held back Golden Village deal
mm2 Asia says that its counterparty in a planned investment in the Golden Village cinema business in Singapore was responsible for fulfilling a condition that has prevented the deal from being completed.
Centurion plans to buy US student housing assets for US$136m
The portfolio will comprise 1,936 beds in Auburn, Alabama; Tallahassee, Florida; Madison, Wisconsin; and College Station, Texas.
Grab, Uber's rival, to raise US$2.5b from Didi, SoftBank, others
Chinese peer Didi Chuxing and Japan's SoftBank Group Corp, both of which are existing investors, will invest up to US$2 billion to lead the current financing round.
Corporate Earnings
The STI Today
Singapore shares close 0.1 per cent down
Singapore stocks ended 0.1 per cent lower on Monday, with the Straits Times Index falling 3.32 points to 3,310.8.
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International
US sanctions firms in China, UAE for support of Russia’s war
Japan suspects companies are evading disclosure of cross-shareholdings
Germany hit hard as foreign investment falls in Europe: EY survey
South Korea’s April inflation at 2.9% y/y, lower than expected
US mulls first green-bond sales to tap a US$2.6 trillion market
US factory activity shrinks with price gauge highest since 2022