Daily Briefing: Why cash is no longer king; Has Noble finally sailed clear of Iceberg?

And growth forecast trimmed after Q2 contraction.

• The notion of 'Cash is King' seems to be less relevant these days in Singapore, especially in the age of booming e-commerce and fast-evolving technology. Considering that there are almost 10 million credit cards in circulation in Singapore, and Singaporeans hold an average of 6 credit cards each, it seems like the preferred payment of choice is not cash. Read more here.
• Noble Group may see some light at the end of a months-long tunnel of attacks from critics, with commodity trader's share price surge following an independent report on its accounting suggesting a shift in market sentiment. Find out more here. 
• Singapore on Tuesday narrowed its full-year economic growth forecast after the trade-reliant economy contracted in the second quarter owing to weakened global demand. Read more here.