Singapore Wrap Friday
Today's notable stories
Singapore-based investors put in S$3.8b in overseas real estate in Q3: DTZ
Singapore-based investors put in at least S$3.8 billion in overseas real estate markets despite a weaker global economy in Q3, according to data compiled by DTZ (SEA) Research.
Uncertainty over Fed rate hike becoming too costly for markets: Tharman
Uncertainty brought about by anticipation over when the US Federal Reserve is going to raise interest rates is becoming too much of a cost for markets to bear, said Singapore's Deputy Prime Minister Tharman Shanmugaratnam on Friday, in his strongest case yet in exhorting the Fed to raise interest rates.
BTO flat supply might go up to cope with higher demand
The supply of new Housing Board flats is likely to go up next year, to meet higher demand arising from recent policy changes.
Singapore's non-oil domestic exports up 0.3% in Sept
Singapore's non-oil domestic exports bounced back from a sharp 8.4 per cent year-on-year fall in August to post a small 0.3 per cent rise last month.
Corporate Earnings
The STI Today
Singapore shares close higher in line with stable China, Wall Street
The five trading days just past closely resembled the five that preceded them - the first common feature being that each day the Straits Times Index (STI) moved ahead of Wall Street, taking cues mainly from the Dow futures but also from China and Hong Kong.
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International
US official urges China, Russia to declare only humans, not AI, control nuclear weapons
Banking giants race to Riyadh as MBS steps up pressure campaign
Biden now calls ally Japan ‘xenophobic’ along with China, Russia
Japanese companies struggle with yen’s continued weakness
Australia’s March goods trade surplus narrows to more than 3-year low
Hong Kong holds rate as Fed signals inflation concerns