Singapore Wrap Wednesday
Today's notable stories
Weak resistance of third rail insulator 'root cause of July 7 train breakdown'
The weak electrical resistance of the third rail insulator has been determined to be the root cause of the massive train breakdown on July 7, 2015.
DBS opens books for first Singapore's covered bond
DBS Bank began marketing Singapore's first offering of US dollar benchmark covered bonds of three years at an initial price guidance of around 40bp over mid-swaps.
Ratification of EU-Singapore FTA would encourage EU-Asean trade deal: PM Lee
A ratification of the free trade agreement between Singapore and the European Union would signal that the EU is "open for business", and encourage an Asean-EU FTA deal, said Prime Minister Lee Hsien Loong on Wednesday.
Singapore inks pact with UK to lead digital revolution in Asian insurance
Singapore is primed to lead the way in the digital revolution in the insurance industry in Asia. This follows an agreement announced on Wednesday morning, between the British government, the Monetary Authority of Singapore and British insurer Aviva, to collaborate and promote digital innovation initiatives in insurance, here and across Asia.
Corporate Earnings
The STI Today
Singapore shares close 2.91 points higher on Wednesday
The local market finished 0.09 per cent higher on Wednesday with the Straits Times Index moving up 2.91 points to 3,284 as markets awaited hints from the ongoing US Federal Reserve meeting that rates will rise in September.
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International
Adani Injects US$799 million for bigger stake in Ambuja Cements
China’s GDP target in realistic range despite challenges: ADB
German unemployment rises less than expected in March
UK economy went into recession last year, data confirms
German retail sales fall unexpectedly in February
Old Xi speech on China’s monetary tools catches trader eyes