Singapore managed to escape a technical recession in the third quarter, defying predictions that a slowing China, hazy conditions, and turbulent stock market activity would drag growth into further negative territory. But concerns over anaemic growth continue to linger.
The Singapore dollar rose after the central bank said it would slow its rate of appreciation, with the easing by Monetary Authority of Singapore (MAS) seen as "milder than expected".
While HDB rents saw no change overall in September, those for private apartments and condominium units weakened by 0.3 per cent in September over the previous month, making it the eighth straight month of declines.
Singapore-listed Noble Group, which faced criticism of its accounting, should have been "more forceful" in pushing the company to be more transparent to fend off the attacks, chief executive officer Yusuf Alireza said.
Singapore was among the top five cities in the Global Power City Index which ranks 40 global metropolises on their power to attract creativity and enterprise from around the world. London took the top spot in the overall rankings, followed by New York, Paris and Tokyo according to the report unveiled on Wednesday by Institute for Urban Strategies of The Mori Memorial Foundation, a research institute established by Mori Building, Japan.
The Monetary Authority of Singapore (MAS) has taken civil penalty action against Mr Vincent Rajiv Louis for contravening the Securities and Futures Act. Mr Rajiv, who was a managing director and head of investment banking operations at the Indonesian branch of UBS AG, admitted to insider trading in the shares of Indonesia's PT Bank Danamon.
Consumer inflation in China eased more than expected in September while producer prices fell for the 43rd straight month, adding to concerns over growing deflationary pressures in the world's second-largest economy.
Britain's unemployment rate unexpectedly fell to its lowest level since mid-2008 in the three months to August but pay growth was a touch slower than expected by economists.