Daily Debrief: What Happened Today

Published Tue, Oct 10, 2023 · 06:30 PM
    • Escalation of the conflict can spur higher demand for energy security and crude flows.
    • Escalation of the conflict can spur higher demand for energy security and crude flows. PHOTO: REUTERS

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    Oil price surge will persist amid Middle East tensions: OCBC, UOBKH

    THE Israel-Hamas conflict, which may escalate Iran-US tensions and lead to stricter Iranian export sanctions, poses a persistent upside risk to crude oil prices, said analysts on Tuesday (Oct 10).


    South-east Asia consumers spending more cautiously; alcohol, electronics see greatest decline: report

    EVEN as consumer confidence in South-east Asia is on track for a rebound across most markets, more people in the region are keeping a closer eye on their expenses, according to a new report released on Tuesday (Oct 10).


    South Korea’s KakaoBank joins Singtel, Grab to back Superbank

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    SOUTH Korea’s KakaoBank is joining Grab, Singtel and Emtek Group to invest in Superbank. It will acquire a 10 per cent stake in the upcoming digital bank through the issuance of new shares.


    Keppel Reit’s Sydney office development obtains Equifax as anchor tenant

    US CREDIT rating agency Equifax is now the anchor tenant for Keppel real estate investment trust’s (Reit) new Blue & William office development located in North Sydney, its manager said on Tuesday (Oct 10).


    Singapore stocks end Tuesday with stronger showing amid global market rally

    LOCAL shares closed Tuesday (Oct 10) with a solid rally, as investors around the world took to equity markets with renewed optimism after the initial shocks of the Israeli conflict. 

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