Daily Debrief: What Happened Today
Stories you might have missed
GIC to buy European logistics portfolio for 950m euros
THIS is in line with GIC's strategy to scale up its wholly-owned P3 logistics platform, Singapore's sovereign wealth fund announced on Friday.
ARA H-Trust obtains US$75m in loans to fund purchase of US hotels
THE facilities comprise a US$66 million term loan and a US$9 million revolving credit facility, ARA H-Trust said in a regulatory filing on Friday, without disclosing the identities of the lenders.
Medtech firm AWAK Tech raises US$40m in round co-led by Vickers Venture
RENAL company AWAK Technologies has raised US$40 million in an oversubscribed financing round co-led by Vickers Venture Partners and an unnamed global medical products company.
SIA Engineering inks 10-year contract with France's Safran Aircraft Engines
TO support these services, SIA Engineering will set up a dedicated facility which will start operations in 2020, the engineering arm of Singapore Airlines said in a regulatory update on Friday.
SingPost's bankrupt US units sell assets
MAIL and logistics firm Singapore Post (SingPost) on Friday announced that its two beleaguered US e-commerce subsidiaries, Jagged Peak and TradeGlobal, have sold substantially all of their assets.
Indian tech startup xto10x expands to Singapore, hires ex-Carousell exec
XTO10X helps other startups scale up, through its software, knowledge and capabilities in areas such as operations, data science, human resources, finance and governance.
The STI today
Singapore shares boosted by mooted trade deal, STI up 0.6% on the week
THE Straits Times Index (STI) extended gains from Thursday to close the week at 3,214.05, breaching the 3,200 point resistance after a 19.38-point or 0.6 per cent jump.
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International
Bank of Japan upbeat on consumption, service price outlook
Any pivot on rates by Fed will mean more blood in stock markets
IMF boosts Asia growth forecast this year on China, India
Australian retail sales unexpectedly decline, currency drops
South Korea’s March factory output falls most in 15 months
Deflation reaches UK stores as non-food prices fall 0.6%