Daily Debrief: What Happened Today (Nov 8)
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THE latest rate cut by the US Federal Reserve is expected to bring “some relief” to Asian and Singapore equity markets, with upsides for the property and consumer sectors.
The optimistic case for Singapore’s economy in the second Trump presidency
The US stock market and currency rallied strongly in the immediate aftermath of the US elections, which brought about Donald Trump’s return to the White House. Singapore’s equities market also generally reacted positively to his win, which will see him inaugurated as president for the second time in January 2025.
Money, money, money... and Trump: What’s at stake at COP29
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THE annual United Nations (UN) climate change conference kicks off on Monday (Nov 11). Looming large over what will likely be two weeks of heated negotiations is the possibility of the United States pulling out of the Paris Agreement, the international treaty on climate change signed in 2015 to limit global warming to 1.5 deg C.
OCBC Q3 2024 results driven by customer growth and net new money inflow: CEO Helen Wong
THE growth OCBC has seen in the third quarter ended September has been customer driven, said CEO Helen Wong, as growth plans and initiatives have paid off for the bank across geographies.
Singapore Airlines Q2 profit falls 59% to S$290 million on weaker operating performance
NATIONAL carrier Singapore Airlines on Friday (Nov 8) reported net profit of S$290 million for the second quarter ended Sep 30, sliding 59 per cent from S$707 million in the corresponding year-ago period.
JTC in S$46.2 million buyback of Mercedes-Benz logistics property in Tuas
MERCEDES-BENZ Singapore is selling the balance lease of its property at 301 Jalan Ahmad Ibrahim to JTC Corporation.
Singapore banks lead STI rally to 17-year high; index up 1.4%
THE Straits Times Index (STI) continued to rally on Friday (Nov 8), hitting a 17-year high.
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