Daily Debrief: What Happened Today
Stories you might have missed
No money from Brazil means no work by Keppel for client Sete
Keppel Corp, the world's largest builder of oil rigs, said it won't resume work for a key Brazilian client until the company restarts making payments on its orders.
American Express, StarHub among first in Singapore to roll out Apple Pay
Apple Pay is gaining traction in Singapore, with American Express and StarHub among the first companies that announced tie-ups with Apple Pay on Tuesday.
DBS partners two peer-to-peer lending sites to serve small businesses
DBS Bank on Tuesday announced it has signed cross-referral agreements with two local peer-to-peer (p2p) lending platforms, Funding Societies and MoolahSense - in a first-of-its-kind collaboration between established financial institutions and emerging fintechs (financial technology startups).
Singdollar reverses all of the drop from MAS surprise easing
The Singapore dollar has already undone all of its drop from last week's surprise easing as central banks worldwide face the limits of monetary policy in weakening a currency.
Singapore loses to less developed neighbours in board diversity
Singapore, Southeast Asia's most advanced economy, is falling behind its less developed peers when it comes to women breaking the glass ceiling at companies.
Asia's rich urged to buy US dollars as Singapore fuels easing bets
Money managers for Asia's wealthy families are telling clients to buy US dollars as a rally this year in regional currencies begins to sputter.
Corporate Earnings
The STI Today
Singapore shares close higher for fifth time in six days
The Straits Times Index (STI) on Tuesday rose for the fifth time in six days, gaining 34.06 points to 2,951.81 in response to an overnight jump on Wall Street and a 40-point rise in the Dow futures. Turnover amounted to 1.3 billion units worth S$1.2 billion and excluding warrants, there were 264 rises versus 134 falls.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Putin plans to meet Xi in China days after his new term starts
Biden vetoes bid to repeal US labour board rule on contract, franchise workers
Economic leaders of South Korea, Japan, China say FX volatility is a risk
US automakers win extension on use of Chinese graphite in EV tax credits
US service sector contracts in April; price pressures up
Thaksin’s daughter calls central bank independence an ‘obstacle’