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US debt surges past US$40 trillion as Trump presses for lower interest rates

US government debt has breached the US$40 trillion mark for the first time, intensifying concerns over the country’s worsening fiscal position as rising spending on social programmes and debt…

  • US public debt exceeds $40 trillion for the first time
  • Debt doubled since Donald Trump's presidency began in 2017
  • Biden added $8.4 trillion to the debt during his term

Stocks to watch: OCBC, Sats, Kimly

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Aug 20):

  • OCBC issues £1 billion floating rate bonds in August
  • Sats reports 6% Q1 profit increase to S$75.1 million
  • Timah Partners provides S$60 million debt facility for Japan Home

Sebi plans comprehensive review of rules governing SME IPOs

Sebi plans a comprehensive review of IPO rules for small and medium companies. Market making and underwriting systems are identified as areas needing attention.

  • Sebi plans in-depth review of SME IPO rules, says chief Tuhin Kanta Pandey
  • New system detects manipulation quicker than previous method
  • Working group investigates SME platform issues, report submitted to regulator

More from Thursday 20 August →