Bank of England raises interest rates for the second time since the financial crisis The Monetary Policy Committee voted unanimously for an increase in rates from 0.5 to 0.75 percent.

Apple shares reached the historic $1 trillion market value Thursday, hitting the $207.05 price that was needed to get to the milestone. The tech giant is the first publicly traded U.S. company to reach a $1 trillion market capitalization.

SEC Steps up crypto scrutiny and is seeking specific information about fees generated from trading, financing and initial coin offerings.

UOB on Friday reported a 28 per cent rise in net profit for the second quarter, lifted by stronger overall operating income. Net profit for the three months ended June 30, 2018 stood at S$1.08 billion, up from S$845 million.

Sembcorp Industries on Friday posted a second-quarter net profit of S$81.9 million, up 46.8 per cent from S$55.8 million last year, thanks to higher contributions from its utilities and urban development segments.

Perennial Q2 profit halves to S$8.6m with Capitol fully consolidated.

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