Pedestrians walk past an electronic stock quotation board outside a brokerage. REUTERS
  • Singapore stocks joined global stock rally on Thursday following all-time highs for the U.S. stocks after minutes showed caution at the Federal Reserve over the timing of future rate hike.
  • The Straits Times Index rose 0.7 percent or 23 points to end at 3,303.
  • Shares in Singapore Press Holdings rose as much as 2.2 percent to S$2.75 after reporting higher full-year profit and accelerated job cuts to support its core media business.
  • United Overseas Bank said it would price its US$650 million of 3.875 percent perpetual capital securities at an initial spread of 179.4 basis points above the five-year U.S. dollar swap rate.
  • SIIC Environment, which installs industrial and municipal wastewater treatment systems, said it got approval from local authorities for commercial operations in the expansion and upgrading of a water plant in Wuhan, China. Shares in the company closed unchanged at S$0.52.
  • TEE International, which provides mechanical and electrical engineering services, on Thursday said it formed a strategic partnership with Malaysian Solar Resources Sdn Bhd to collaborate in the solar industry.