Daily Debrief: What Happened Today

Singapore private sector conditions worsen with July PMI down 1.6 to 50.7

Conditions in the private sector here worsened in July compared to the preceding month, dragged down by a second bout of steep decline in foreign demand this year in Singapore's trade-reliant economy.

CPF to offer more convenient investment scheme, escalating annuity

The Singapore government has accepted the CPF Advisory Panel's recommendations to introduce a low-fee, passively managed investment scheme for CPF members and to offer an escalating payout plan for the CPF Life annuity scheme.

SGX prepares formal offer to buy UK's Baltic Exchange: sources

Singapore Exchange Ltd (SGX) is readying a formal offer to buy London's Baltic Exchange following months of discussions that culminated in exclusive talks between both parties, sources familiar with the matter said on Tuesday.

Keppel's former agent in Brazil says managers backed bribes

Keppel Corp's Brazil problems just keep growing. The world's largest builder of offshore oil rigs has seen investments plummet in one of its most important markets. A major client, Sete Brasil Participacoes, has entered bankruptcy protection.

Singapore, US to enhance bilateral strategic partnership

Singapore and the United States will enhance their bilateral strategic partnership as they celebrate 50 years of diplomatic relations in 2016.

COE premiums mixed

Certificate of entitlement (COE) premiums were flat in the first tender of a quota with 10 per cent fewer COEs.

Noble Group shares retreat to lowest since 2003 in Singapore

Noble Group Ltd dropped for a second day in Singapore, slumping to the lowest price since 2003, ahead of a one-week period that'll see the commodity trader's new rights-issue stock begin trading and the company report quarterly earnings.

Corporate Earnings

The STI Today

Singapore shares close lower on weak Wall Street, soft oil and Swiber's woes

The global post-Brexit rally appears to be fast running out of puff - on Tuesday, the Dow Jones Industrial Average which set several all-time highs last month, fell for the seventh consecutive session, no doubt a factor behind the Straits Times Index's (STI) 29.09 points loss on Wednesday at 2,827.58.