Daily Debrief: What happened today

Stories that you might have missed

SGX, Changi Airports International launch index for global travel, aviation stocks

THE Singapore Exchange (SGX) and Changi Airports International (CAI) have launched the iEdge-GateEq Aviation and Travel Index, a market capitalisation-weighted index which covers the top 50 listed companies in the global travel and aviation industry.

Where's the cash from MatchMove's US$100m raise?

FINTECH startup MatchMove announced in June that it had secured US$100 million from IT services group Nityo Infotech. But more than five months on, regulatory records indicate that no funding has come through.

Robust IPO activity in South-east Asia boosted by Thailand, Philippines, Indonesia: Deloitte

CAPITAL markets in South-east Asia have recorded robust activity in initial public offerings (IPOs) for the first 10.5 months in 2021, with Thailand, the Philippines and Indonesia contributing to 95 per cent of funds raised.

Citigroup to split Institutional Clients Group's ops, tech units

CITIGROUP is planning to split the operations and technology functions of its unit, Institutional Clients Group (ICG), which contributed about 63 per cent of the Wall Street bank's total third-quarter revenue.

SPAC led by Singapore-based businessman raises US$86.3m in Nasdaq IPO

SPECIAL purpose acquisition company (SPAC) 8i Acquisition 2 Corp began trading on the US Nasdaq stock exchange on Nov 22 after raising US$86.3 million in its initial public offering, it said on Thursday (Nov 25).

Corporate earnings

• Jumbo FY2021 net loss widens to S$11.8m amid Covid-19 restrictions

The STI today

Singapore shares close lower on Thursday amid lingering inflation, tapering worries

LOCAL stocks ended Thursday in the red as traders approached markets cautiously. Notable factors that weighed on investor sentiment were inflation levels that could exceed forecasted levels, as well as a faster tapering by the US Federal Reserve.