SGX news HighLights for Wednesday

• Singapore shares overcame an overnight decline in the US markets to post a modest gain as the Straits Times Index edged up 0.02 per cent, or 0.75 point, to 3,414.01.
  
  
• Shares of SIIC Environment Holdings rose 6.7 per cent on active trading after the water treatment company announced an acquisition of a China-based business in the same industry.
  
  
• Crude futures dipped slightly as ballooning US storage volumes continued to pressure prices although relatively healthy demand figures from Europe supported prices.
  
  
• Comments from the US Federal Reserve's vice chairman suggesting interest rates would rise more slowly than expected put further downward pressure on the dollar.
  
  
• Sino Construction recorded a S$7 million net loss for its latest quarter ended Dec 31, 2014, versus a S$2.18 million net gain in the year ago period.
  
  
• ValueMax Group has decided to expand its business to include unsecured moneylending and the new business is complementary to the existing businesses.
  
  
• NOL,the shipping company that helped cement Singapore's status as a global trade hub may be shaping up as a takeover candidate.