Morning Minutes: What will make headlines, Jan 14, 2016

Artist’s impression of the five-storey Safra Punggol club, facing the Punggol Waterway.
Artist’s impression of the five-storey Safra Punggol club, facing the Punggol Waterway. PHOTO: SAFRA

Good morning! Morning Minutes is a round-up of stories that will break on Thursday, Jan 14, and which we think you'd be interested in.

It appears on weekdays, available by 7am.


Details of the facilities, tenants and offerings at the new Safra Punggol will be revealed today (Jan 14). The new waterfront club, which is nearing completion, will serve more than 80,000 NSmen and their families living in the north-east of Singapore. - PANG XUE QIANG 

Draw for US$1.5 billion US lottery

A woman buys a Powerball lottery ticket at a newsstand in New York City on Jan 12, 2016. PHOTO: AFP

A winner may finally be announced this morning (Jan 14) for the largest-ever lottery jackpot in the US, amid a frenzied rush to buy tickets for the once-in-a-lifetime draw. The top prize in the Powerball lottery has snowballed to US$1.5 billion (S$2.15 billion) due to the record ticket sales. The odds of winning are one in 292 million – so remote that you are 246 times more likely to be hit by lightning, according to The New York Times, but that has not stopped average Americans from dreaming of what they will do if they are lucky enough to snag the untold riches.


 Traders work on the floor of the New York Stock Exchange on Dec 16, 2015. PHOTO: REUTERS

Investors will be paying close attention to the US today (Jan 14), with key data to be released of where the economy is headed. Early this morning the US Federal Reserve would have released the Beige Book, a report on economic conditions, which would give key insights on the path of the economic recovery in the US. Later tonight, the US initial jobs claims report will also be out, with investors hoping that more good news will help settle rattled markets.