1 Default risks for Chinese issuers are likely to rise next year after a record number of defaults in 2015, said Standard & Poor's yesterday, adding that it is unlikely credit indicators will stabilise over the next year.
2 The Bank of England's rate-setters focused on a renewed fall in oil prices and slower wage growth at home to keep interest rates at a record low of 0.5 per cent, Reuters reported.
3 The FTSE ST China Top Index has posted less than half the declines of the Hang Seng China Enterprises Index so far this year. The 10 largest constituents of the China Top Index have averaged a 1.7 per cent gain this year.
4 IT megastore Challenger will shut its flagship store at Funan DigitaLife Mall after the centre closes for a revamp from the third quarter next year. Many of its customers shop online or at its heartland stores now.
5 Ascendas Reit has placed out 90 million new units at $2.223 each. It is also undertaking a preferential offering, with the proceeds funding the acquisition of One@Changi City, among other plans.