News

Pain from Brexit on Britain, EU may be exaggerated: DBS chief

DBS chief Piyush Gupta on Friday argued that the stunning "Brexit" result may not hurt Britain as dramatically as is perceived. -BT

Market watchers split on whether to jump into UK real estate

Some counsel caution, but others say there might be gains to be had amid the uncertainty following Brexit. - BT

Brexit: World's richest lose over $170 billion as $2.7 trillion wiped off global markets

Hong Kong tycoon Li Ka-shing, who days before had warned that a "leave" vote would have a detrimental effect, lost US$1.1 billion. -AsiaOne

Young Singaporean CEO turns father's shoe business into a global brand

Elizabeth Tan joined Heatwave Shoes, a ladies footwear business founded by her father, in 2008, but soon set her sights on building a global brand. -CNBC

Interior designer's renovation creates different moods in each room

This interior designer's home features several looks in various rooms, all unified by colour. -Home & Decor

Singapore Exchange, Baltic Exchange extend exclusive M&A talks

SGX has been in exclusive talks to buy London's Baltic Exchange. -Reuters

SPH appoints Patrick Daniel and Anthony Tan as deputy CEOs

Warren Fernandez has been appointed editor-in-chief of SPH's English/Malay/Tamil Media group . -AsiaOne

S'pore stock market resilient in first half

SGX says yields are stable, volatility limited, citing limited impact of Brexit on the STI. -ST

Safe havens outside euro zone

Investors looking for some stability in the wake of last Friday's Brexit voting outcome should opt for defensive stocks like telcos and real estate investment trusts (Reits) with no exposure to Britain or the European Union, said CIMB. -ST

China won't allow "roller-coaster rides" in its markets after Brexit-Premier Li

China will prevent systemic and regional risks when developing its capital markets, said Li. -Reuters

Asian markets pare losses on post-Brexit stimulus hope

Asian stock markets brushed off big early losses Tuesday and the pound bounced as traders began betting on a fresh round of stimulus measures to mitigate the effects of Brexit. -AFP

Shaken investors run for cover as Brexit pummelling continues

Telcos, Reits and firms that will benefit from a strong US dollar prove popular, but analysts are split about whether it was time to go bargain-hunting. - BT

OCBC puts Robinson Road office block on market

Indicative price of S$45 million for 110 Robinson Road translates to about S$3,162 per square foot based on the building's net lettable area of 14,233 square feet. -BT

Govt releasing 12 industrial sites for sale in 2nd half of 2016

Seven sites have been placed on the confirmed list, while another five were placed on the reserve list. -AsiaOne

Dollar and yen steady, pound crawls off low, numbed by Brexit shock

The dollar and yen steadied and sterling crawled away from a 31-year low on Tuesday as risk aversion triggered by the shock of Brexit eased slightly, although many investors were still wary of calling a bottom for the battered pound. -Reuters

2 start-ups filling Singapore's empty malls with pop-up stores

As developers are witnessing the impending dearth of tenants in their properties, most are turning to short-term leasing to fill up the voids in their shopping malls. -Vulcan Post

Brexit-related losses widen to over $4 trillion in relentless 2-day sell-off

The UK's vote to leave the European Union was a costly decision in more ways than one. - CNBC

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