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Market View: Cathay Pacific cancels flights after discovering faulty component on A350s, CapitaLand Investment sells 50% interest in Ion Orchard to CICT; South Korea’s consumer inflation weakest in 3.5 years in August; UK consumers versus “double dip shrinkflation”
Singapore shares started trading in positive territory today despite the European market ending little changed the previous day. In early trade, the Straits Times Index (STI) opened 0.2 per cent higher at 3,468.84 points after 32.7 million securities changed hands in the broader market. In terms of companies to watch, we have CapitaLand Investment. CapitaLand Investment has agreed to sell a 50 per cent interest in Ion Orchard and its connecting underpass, Ion Orchard Link, to CapitaLand Integrated Commercial Trust for an estimated purchase consideration of S$1.1 billion. Elsewhere, from…
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