Market Round-Up: What did you miss?

A quick look at all the market moving events and big financial news of the day. From Singapore Press Holdings' full-year results to M1's unlimited data plan, get your daily dose of all the latest in the world of business right here.

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.