Singapore Wrap Wednesday

Singapore's key short-term interest rate hits 4-month high

Singapore's benchmark three-month interest rate rose to a four-month high on Wednesday, after the Singapore dollar slid to a five-year low following the devaluation of the Chinese yuan.

Singapore dollar hits 5-year low after weak yuan fixing

The Singapore dollar hit a fresh five-year low on Wednesday as China's central bank fixed its daily yuan mid-point weaker again.

Noble Group tumbles as buybacks fail to counter commodity slide

Noble Group Ltd tumbled amid a rout in raw material prices and ongoing criticism of its accounting, even as Asia's largest commodity trader resumed stock buybacks.

PAP introduces new candidates for Bishan-Toa Payoh GRC; Wong Kan Seng retires

The ruling People's Action Party (PAP) on Wednesday introduced its slate of new candidates for Bishan-Toa Payoh GRC for the coming general election.

Corporate Earnings

The STI Today

Singapore: Shares close lower after China's yuan devaluation

China's shock decision to devalue the yuan has sparked off turmoil in the currency market, led to fears of a currency war developing and sent stocks reeling.