Daily Debrief: What Happened Today (Sep 16)
Stories you might have missed
Asean's diversity does not hinder regional integration, according to Minister for Trade and Industry (Energy and Industry) Tan See Leng. The bloc comprises a diverse group of nations. Global financial markets face a dual shock: crude oil prices surpassing US$100 per barrel and the US 10-year Treasury yield reaching 5% for the first time in three years.
UOB Kay Hian downgrades banks due to the prolonged Middle East conflict, cutting its Straits Times Index (STI) target by 9.3%. Anthropic sets up a Singapore office next month, considering it a standout market for its AI model Claude. Lucerne Grand, a 570-unit condominium in Jurong, will be launched with prices starting at S$1.5 million per square foot.
Trendale Tower in Cairnhill may be sold en bloc for S$168 million. Singapore fintechs face difficulty in finding finance and tech talent, even as the demand for dollar liquidity grows in Asia.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
