Singapore News Highlights for Monday
- Singapore benchmark Straits Times Index opened higher, after
Wall Street gained on Friday, rising 36.23 points or 1.3 per cent to
2,829.38.
- Mandala Energy will invest US$179.6 million in a 35%
stake in the Lemang Production Sharing Contract from Ramba Energy's
subsidiary, PT Hexindo Gemilang Jaya.
- Sinocloud cancelled its proposed acquisition of up to 45.95% of China Satellite Mobile Communications Group.
- Global
Yellow Pages signed a deal to buy a company that handles the retail
master franchise and supply chain business for the Wendy's brand of
ice-cream in Australia and New Zealand.
- Singapore Exchange
(SGX) has launched a new index business,named "SGX Index Edge", which
will offer comprehensive services aimed at addressing the rising demand
for index-linked investment in Asia.
- Oil gains near US$45 as falling rigs signal US output cuts.
- Dollar slumped,while Asian index futures rise as jobs dim rate outlook.
- World Bank trims 2015 & 2016 East Asia forecasts, cites China and US rate risks.
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