Daily Debrief: What happened today

Stories you might have missed

Tencent's slide leaves China with no stocks in global top 10

TENCENT Holdings is set to lose its place among the world's 10 largest companies by market value, leaving no Chinese names in the list as Bejing's regulatory crackdown continues to wreak havoc on the stock market.

Temasek-backed Covid-19 test provider Oxford Nanopore seeks £300m in IPO

DNA-SEQUENCING company Oxford Nanopore Technologies, whose technology is used to identify variants of Covid-19, is looking to raise £300 million (S$556.4 million) in a London listing on the back of a pandemic boost. The offering will also include existing shares, the company said in a statement on Thursday.

Clarke Quay conservation shophouse put on the market for S$15-18m

A FOUR-STOREY conservation shophouse at 21 New Bridge Road in Clarke Quay has been put up for sale via expression of interest.The guide price for the property is S$15 million for its existing condition and S$18 million if the buyer opts for a six-storey rear extension and fresh 99-year tenure.

UOB launches integrated green financing solution for EVs

UOB on Thursday launched an integrated green financing solution for electric vehicle (EV) businesses and end-users. This includes automotive brand owners and car dealers. Named U-Drive, the solution provides green banking facilities including trade financing, dealer stock financing, as well as UOB's Green Hire Purchase Loan and Go Green Car Loan products.

DBS Private Bank posts S$10b AUM for in-house managed investment products

DBS Private Bank on Thursday said its client assets under management (AUM) for its in-house managed investment products more than doubled to S$10 billion over the past year alone, driven by demand surge reflective of "buoyant client confidence" in the banks' investment views.

The STI Today

Singapore stocks resist rout in most Asia markets on Thursday; STI up 0.2% SINGAPORE stocks resisted a rout across most major Asia markets to close slightly higher on Thursday, with the Straits Times Index (STI) edging up 0.2 per cent or 5.93 points to 3,064.54 points.