And BOC Aviation buys $3b worth of Airbus jets.
Singapore's economy grew 2 percent in the last three months of 2015, according to initial data released this week. The fall in global stocks in the previous quarter suggests that estimate may be too high, and that it could get revised down next month. The MSCI World Index, which shows stocks prices in developed nations and includes companies such as Apple and Toyota, dropped 3.3 percent in the three months through September from a year earlier. Read more here.
Singapore’s dollar slid to a six-year low after China’s central bank reduced its reference rate for the yuan by the most since August. Barclays Plc said further declines are set to slow as the island-state’s currency is probably close to the bottom of the central bank’s policy band. The Monetary Authority of Singapore guides the local dollar against an undisclosed basket of currencies of its major trading partners and competitors. Find out more here.
Singapore-based aircraft leasing firm BOC Aviation said Thursday it has ordered 30 Airbus A320s worth more than $3 billion at list prices to meet growing demand. The order, made at the end of December, comprises 18 A320s equipped with new engines and 12 A320s using the current engines, the company said in a statement. Read more here.
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