Daily Debrief: What Happened Today

CDL buys London commercial building for £183m

CITY Developments Limited (CDL) announced on Friday morning that it has acquired a prime freehold Grade A commercial building in London for £183 million (S$328 million). The project, Aldgate House, is located in the district of Aldgate, right beside Aldgate Underground Station and with six other stations within a five-minute walk.

Hot stock: ST Engineering jumps 7% after move to acquire GE's aircraft parts maker

SHARES in mainboard-listed Singapore Technologies (ST) Engineering were on a tear on Friday morning with the engineering firm's stock advancing S$0.23 or seven per cent to S$3.52 as at 11.42am.

DBS avoiding 'crazy rush' to hire private bankers, says its head of consumer and wealth banking

DBS Group Holdings has poured cold water on the idea that private bankers can name their price when jumping ship in Asia's booming wealth management business.

Asian conglomerates losing out to pure plays: study

ASIAN conglomerates appear to be losing their advantage over pure plays as they underperformed the latter on core financial performance for the first time in a 10-year period from 2007-2016, an industry study has found.

Singapore firms sign 22 deals with Sichuan companies for more access to western China

SINGAPORE firms on Friday inked 22 deals with Sichuan companies for greater access to western China across sectors including technology and innovation, education, lifestyle, logistics and tourism.

US dollar dips after weak US data, Turkish hike supports emerging currencies

THE US dollar dipped on Friday after weaker-than-expected US inflation data, with the currency already sagging on signs of reduced trade tensions between the United States and China.

The STI today

Singapore shares end higher on Friday

SHARE prices on the Singapore bourse closed higher on Friday, with the key Straits Times Index up 29.65 points, or 0.95 per cent, to 3,161.42.