STI slips 0.93% to 2,896.17 at midday

Singapore stocks declined at noon on Wednesday, amid mixed trading in other Asian markets. Geopolitical tensions were heightened after the downing of a warplane near Syria, leading to a standoff between Turkey and Russia.

 

Meanwhile, Singapore's gross domestic product rose 1.9% in the third quarter from a year earlier, buoyed by growth in services. This topped the median estimate of 1.4% in a Bloomberg poll.

UOB first to launch contactless payment with banking mobile app

United Overseas Bank has launched a new mobile app that allows customers to turn their mobile phones into electronic wallets that can be used to make contactless payments, the first such offering by a bank outside the U.S. 

For example, a user who wants to pay for an item in a shop with his UOB Visa credit or debit card will no longer need to flash the actual plastic. He can simply select the 'Pay' function on the UOB Mighty app, enter a PIN and tap against the payment terminal to complete the transaction.

STI closes 0.69% higher at 2,923.49

Singapore stocks inched up at the close on Tuesday, amid mixed performances in other Asian markets.

The Nikkei 225 and KOSPI Indices rose 0.23% and 0.63% respectively, while the Hang Seng Index slipped 0.35%. Meanwhile, the Shanghai and Shenzhen Composite Indices saw respective gains of 0.16% and 1.39%.

A total of 1.29 billion shares worth about $825.2 million changed hands, giving an average of 64 cents per share for the entire market.

Paris siege: Woman in building blows herself up with suicide belt

Paris Attacks 'live': 2 dead in siege including woman who blew self up - safeguard yourself in trading market with our advice

 

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LATEST: TWO DEAD IN PARIS SIEGE, INCLUDING WOMAN WHO BLEW HERSELF UP: POLICE

AFP JOURNALIST AT THE SCENE SAYS FRENCH MILITARY IS DEPLOYED TO NORTH PARIS AMID SHOOTOUT. 

Stay inside - Residents told to stay inside in Saint-Denis north of Paris: reports

Army fatigues - 'Live' television footage is showing heavily armed officers in fatigues lining the streets of Saint-Denis as police target an apartment in the neighbourhood. 

AFP's Sarah Brethes, on the scene, has spoken to 26-year-old Hayat Balabdi who was visiting friends in the area of the shootout.

"It started around three in the morning, when I was leaving my friend's place. I could have been shot," he said.

"I heard a gunshot, I thought it was a score being settled. But then the shots continued, loads of police reinforcements arrived and closed off Avenue de la Republique. It was like a war."

Though he does not live in Saint Denis, Balabdi said that he knew the area well.
"I never thought terrorists could have been hiding out here."

French media are reporting two deaths.

RAID TARGETED SUSPECTED PARIS ATTACKS MASTERMIND ABDELHAMID ABAAOUD: POLICE SOURCE.

A large police operation is underway in the northern Paris suburb of Saint-Denis with reports of heavy gunfire. Multiple suspects are believed to be barricaded in an apartment building.
French TV station BFMTV said police officers had been wounded during the raid.

Saint-Denis is located near the Stade de France soccer stadium where three suicide bombers detonated killed themselves and another pedestrian.
 

SGX's bond-market foray now includes a dark pool

Singapore Exchange Ltd will open a dark pool for bonds as the 42-year-old bourse prepares to enter the institutional fixed-income trading business for the first time next year.

 

The venue, which allows traders to flag interest in a security without indicating the size or the price of their desired transaction, will form part of SGX's Bond Pro platform scheduled for the first quarter of 2016, Tsai Li Renn, the bourse's head of fixed income, said in an interview on Monday.

Designed to minimise the price impact of buy and sell orders, the dark pool will be the first of its kind set up by an exchange operator, according to SGX.

"We asked participants: 'How would you like to access liquidity in this marketplace?'" Mr Tsai said. "We found that they really wanted a dark pool."

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