Daily Debrief: What Happened Today

OCBC wins bid to buy Barclays' HK, Singapore wealth units

OCBC Bank has won in the race to buy Barclays Bank's private wealth and investments units in Hong Kong and Singapore.

SingPost chairman-designate declines to take up post

Singapore Post's (SingPost) newly appointed chairman Low Teck Seng has decided not to take up the position, leaving the group on a search for a suitable candidate.

Singapore CBD office rentals decline for third straight quarter

Office rents in Singapore's central business district (CBD) fell by 3.9 per cent in the first quarter of this year from the previous quarter - their third straight quarterly decline - as concerns over a global economic slowdown dampened demand for office space.

SembMarine and Marco Polo enter into arbitration for spat

The legal spat between Sembcorp Marine (SembMarine) and Marco Polo Marine is now under arbitration, after efforts to resolve it through the senior management and mediation failed.

Singapore seeks global currency accord to help emerging markets

The world economy needs something like a modern-day Plaza Accord to safeguard growth against currency market volatility, according to Deputy Prime Minister Tharman Shanmugaratnam.

Singapore's GIC buys 25% of CeGeREAL from Northwood

Singapore sovereign wealth fund GIC said on Thursday its affiliate has bought a 25 per cent stake in CeGeREAL at 35.65 euros per share from Northwood Investors, a privately held global real estate investment and management firm.

Corporate Earnings

The STI Today

Singapore shares close slightly higher as rises in banks push STI up 2 points

A quiet trading session on Thursday saw the Straits Times Index (STI) end just 2.34 points higher at 2,813.59, thanks mainly to gains in the three banks. Turnover was a low 1.3 billion units worth S$879.3 million and excluding warrants there were 202 rises versus 182 falls.