The euro and U.S. equity futures rose after the European Central Bank announced a huge boost in stimulus, adding to efforts across the world that have largely underwhelmed investors so far.

S&P 500 futures reversed losses to rise about 1% and the euro edged up. The ECB launched a new temporary program worth 750 billion euros ($820 billion) to fight the impact of the coronavirus pandemic. Wall Street earlier suffered another plunge as investor focus turned to assessing the length of the downturn. Oil rose to take back some of Wednesday’s 24% plunge that left prices at an 18-year low.

FITCH Ratings on Wednesday said Singtel's weaker-than-expected growth prospects and potential for higher capital expenditure for the 5G standalone network in Singapore are likely to reduce visibility on the group's free cash flow. This comes after the agency had in February downgraded Singtel's long-term foreign- and local-currency issuer default ratings (IDR) and foreign-currency senior unsecured rating to A from A+.

CITY Developments Limited (CDL) subsidiary Millennium & Copthorne Hotels New Zealand has forecast around NZ$24 million (S$20.4 million) in hotel revenue loss for the first half of 2020. This comes as the New Zealand government rolls out new border entry restrictions due to the novel coronavirus outbreak, which apply until the end of March.

MANULIFE US Real Estate Investment Trust (Manulife US Reit) has secured a US real estate enterprise as a long-term tenant at its Plaza office building in Secaucus, New Jersey, it said on Wednesday. On March 13, the new tenant signed the lease for roughly 53,000 square feet (sq ft) for its headquarters with a 12-year tenure and positive rental reversion, the Reit said.

NEXT month, creditors will vote on the proposed schemes of arrangement based on Utico’s rescue package for troubled water treatment firm Hyflux and three of its subsidiaries. All the meetings will take place at the Hyflux Innovation Centre on 80 Bendemeer Road.

THE proportion of shares of mainboard-listed Tee Land in the hands of the public has fallen below a key threshold following a cash offer. This means the Singapore Exchange may suspend trading of the developer's shares at the close of the offer on March 20.

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