Singapore consumer prices fell on an annual basis for the 13th straight month in November, as food and services inflation eased, government figures showed on Wednesday (Dec 23).
Singapore-listed Noble Group, the commodity trader battling to keep its investment-grade credit ratings, has sold its remaining 49 per cent in its agriculture unit to China's Cofco Corp for at least US$750 million (S$1.05 billion) in cash.
Mainboard-listed Cosco Corp (Singapore) Ltd, the shipbuilding arm of China Ocean Shipping Group, is exploring options to support its business as a slump in commodities trading and oil prices leads to sluggish demand for new vessels.
Singapore Post Ltd (SingPost) said on Wednesday (dec 23) it will appoint special auditors to investigate corporate governance issues raised by a shareholder, a day after the company said it had not disclosed a director's interest in a 2014 acquisition announcement.
The latest edition of a consumer confidence survey shows Singaporeans to be nervously more upbeat at the year's close. On the bright side, the ANZ-Roy Morgan Singapore Consumer Confidence Index rose 1/3 points month-on-month to 126.5 in December. The index is is now clearly above its long-term average of 123.7 and 4.7 points higher than the same time a year ago.
Ascendas Hospitality Trust managers said they were reviewing options after receiving an unsolicited expression of interest (EOI) to buy out all its stapled securities, in what could be further consolidation in Singapore's property trusts.
The US dollar retreated against most of its major peers and emerging market currencies on Wednesday (Dec 23), as analysts predict the Federal Reserve could hold off another hike in borrowing costs until April.
Consumer purchases climbed in November by the most in three months, indicating the biggest part of the US economy was gaining momentum heading into the holiday shopping season. Spending advanced 0.3 per cent, matching the median forecast in a Bloomberg survey, to US$12.43 trillion at an annualized rate, a Commerce Department report showed on Tuesday (Dec 22). That followed no change the prior month.