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Daily Markets Briefing: STI up 0.84%

13 Nov 2019 - Singapore Business Review
United Engineers led the gains amongst top active stocks with a 1.89% rise. The Straits Times Index ended 27.15 or 0.84% higher at 3,267.80. The top active stocks were United Engineers, which jumped 1.89%, DBS, which climbed 0.34%, UOB, which grew 0.6%, OCBC Bank, which expanded 0.54%, and Singtel with ...
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Temasek eyes first euro-bond sale in four years

13 Nov 2019 - Singapore Business Review
It may sell 12-year and 30-year benchmark notes. Temasek Holdings is eyeing its first euro-bond sale in almost four years, as low borrowing costs draw more Asian issuers to Europe. The state investor is looking to sell 12-year and 30-year benchmark notes. The AAA rated issuer is the largest shareholder ...
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Central Bank of France to open first Asian office in Singapore

13 Nov 2019 - Singapore Business Review
They aim to forge closer relations with APAC central banks and financial authorities. Banque de France (BDF) will open its Asian office in Singapore by early 2020, announced the Monetary Authority of Singapore (MAS) and BDF in a joint press release. This will mark as its second office abroad after its ...
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Sembmarine's loss widens 76.8% to $52.62m in Q3

13 Nov 2019 - Singapore Business Review
Low business volume and costs from new rigs and floaters worsened its loss. Sembcorp Marine's net loss widened 76.8% YoY to $52.62m in Q3, the company announced. Turnover crashed 38.6% to $717.15m over the same period. Also read: Sembmarine's loss narrows to $6.83m in H1 This was mainly attributed to ...
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Edvantage Group (0328.HK) and SenseTime Join Forces to Propel the Development of AI Vocational Education for Talent Incubation

13 Nov 2019 - ACN Newswire
Edvantage Group Holdings Limited ("Edvantage Group" or the "Group", stock code: 0382.HK), the largest private higher education group in Guangdong-Hong Kong-Macau Greater Bay Area, is pleased to announce that the Group has signed the strategic cooperation agreement with SenseTime Group Ltd. ("SenseTime"), ...
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Investors wary after Monday's sell-off

13 Nov 2019 - The Business Times
AFTER a tepid start to the week, Asian equities were mostly higher on Tuesday ahead of US President Donald Trump's speech on US trade policy, and a potential tariff delay on European autos. Singapore's Straits Times Index (STI) managed to recover Monday's losses, adding 27.15 points or 0.... To continue ...
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Singapore fintech firms grabs more than half of funding in Asean: Report

12 Nov 2019 - The Edge Markets
SINGAPORE (Nov 12): Financial technology firms in Singapore continue to grab the lion’s share of funding in Asean, according to a report by United Overseas Bank (UOB), PwC and the Singapore FinTech Association (SFA). According to the report, “FinTech in Asean: From Start-up to Scale-up”, fintech companies ...
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Singapore shares gain 0.8% ahead of Trump's US trade policy speech

12 Nov 2019 - The Business Times
AFTER a tepid start to the week, Asian equities were mostly higher on Tuesday as investors position themselves for US President Donald Trump's speech on US trade policy, and a potential tariff delay on European autos. Singapore's Straits Times Index (STI) managed to recoup its 0.7 per cent loss on Monday, ...
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Yanlord hikes up cash offer in UE to $2.70 per share

12 Nov 2019 - Singapore Business Review
It bought 6.15% in UE, increasing its stake to 41.42%. Yanlord has raised its cash offer for United Engineers from $2.60 apiece to $2.70 and has acquired 6.15% of the latter’s shares, according to an SGX filing. Yanlord’s stake in UE is now at 41.42%. The China-based property had entered into separate ...
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Retail sales slid 2.2% to $3.5b in September

12 Nov 2019 - Singapore Business Review
The motor vehicles industry recorded the largest decline as it crashed 12.3%. Retail sales dipped 2.2% YoY to $3.5b in September, despite a1.9% MoM growth compared to August , according to data from the Department of Statistics (SingStat). Excluding motor vehicles, retail sales declined 0.3% YoY. The ...