Daily Debrief: What Happened Today

Moody's downgrades ratings outlook for Singapore banks to 'negative'

Moody's Investors Service has downgraded its ratings outlook for the Singapore banks to "negative" from "stable", it said on Thursday.

Singapore bank lending down in February

Bank lending in Singapore saw more drag in February from a month ago, reflecting weakness in business loans, preliminary data from the Monetary Authority of Singapore (MAS) showed on Thursday.

Singapore getting trounced in IPOs

Singapore's reign as the premier destination for initial public offerings in Southeast Asia may be coming to an end.

Troubled Mercator Lines to sell another vessel to reduce debt

Dry bulk shipping company Mercator Lines, which came under judicial management on Jan 18, has entered into a memorandum of agreement to sell another vessel, MV Kalpana Prem.

Noble, Japanese utility to form JV for coal procurement

Noble Group is forming a new coal procurement joint venture with Japanese utility company Shikoku Electric Power.

TUV SUD opens digital service centre of excellence in Singapore

Global testing, inspection, certification and training provider TUV SUD on Thursday opened its new Digital Service Centre of Excellence (COE) in Singapore, making it the first operational centre of its kind to be set up outside of TUV SUD's global headquarters in Germany.

Ascendas-Singbridge buys 100 Arthur Street in North Sydney

Ascendas-Singbridge on Thursday said it has completed the acquisition of 100 Arthur Street in North Sydney, Australia, for an undisclosed sum.

The STI Today

Singapore shares close 1.1% lower with oil retreat

The expected window-dressing at the end of the first quarter did not occur as Singapore stocks finished 1.11 per cent lower on Thursday, with the Straits Times Index losing 31.88 points to 2,840.90.