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Author: traderhub8   |   Latest post: Thu, 18 Oct 2018, 01:09 PM

 

Phillip Capital Morning Note

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The US intelligence chief warned on Friday that the threat was growing for a devastating cyber assault on critical US infrastructure, saying the "warning lights are blinking red again" nearly two decades after the Sept 11, 2001, attacks.

China’s exports unexpectedly accelerated in June and its trade surplus with the United States hit a record high in a positive sign for the economy, though the overall result looks set to keep a bitter trade dispute with Washington on the boil for a while longer.

China's new medical insurance regulator will begin negotiations with domestic and overseas pharmaceutical companies to lower prices of cancer drugs in a bid to cut the financial burden on patients, state news agency Xinhua said on Saturday.

Singapore’s economy expanded 3.8 per cent year-on-year in the second quarter of 2018, lower than economist expectations of 4.1 per cent and down from the first quarter's 4.3 per cent growth, according to Ministry of Trade and Industry (MTI) advance estimates on Friday.

A Norwegian union for workers on offshore oil and gas drilling rigs stepped up a six-day strike on Monday that has slightly hit oil output after employers did not respond to demands for higher wages and pension benefits.

GOGOVAN - an on-demand delivery van service backed by Singapore's Centurion Private Equity and Singapore Press Holdings - has raised US$250 million in new funding.

Source: CNBC, Bloomberg, Reuters, Business Times, SingStat, MTI, Phillip Securities Research

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