Singtel is subscribing to 170 million new shares at 220 rupees apiece, or 37.5 billion rupees (S$726.5 million), in the latest rights issue by its regional associate - India's Bharti Airtel (Airtel). This represents 15 per cent of the 250 billion rupee rights issue. GIC will subscribe to about 50 billion rupees worth of rights shares, which were renounced by existing shareholder Bharti Telecom.

Water services company China International on Thursday said that there has "regrettably" been a lapse in internal controls in conducting its various share buybacks from Dec 21, 2017 to Oct 16, 2018, which led the company to inadvertently breach listing rules of the Singapore Exchange.

American households saw their net worth plummet at the end of 2018 amid a rout on Wall Street, the biggest tumble since the global financial crisis, the Federal Reserve reported Thursday.

Source: Business Times, Financial Times, SGX Masnet, , Bloomberg, Channel NewsAsia, Reuters, PSR